Brokerages Set National Energy Services Reunited (NASDAQ:NESR) PT at $15.00

Shares of National Energy Services Reunited (NASDAQ:NESR) have been assigned an average rating of “Buy” from the five brokerages that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $14.20.

Several brokerages recently commented on NESR. Wall Street Zen downgraded shares of National Energy Services Reunited from a “buy” rating to a “hold” rating in a report on Sunday, June 15th. Piper Sandler assumed coverage on shares of National Energy Services Reunited in a research report on Monday. They set an “overweight” rating and a $11.00 target price on the stock.

Institutional Investors Weigh In On National Energy Services Reunited

Several large investors have recently bought and sold shares of NESR. Tower Research Capital LLC TRC acquired a new position in National Energy Services Reunited during the fourth quarter worth $49,000. Acadian Asset Management LLC bought a new position in National Energy Services Reunited during the first quarter worth about $48,000. National Bank of Canada FI bought a new position in National Energy Services Reunited in the 4th quarter valued at about $74,000. TD Waterhouse Canada Inc. bought a new stake in shares of National Energy Services Reunited during the 4th quarter valued at approximately $89,000. Finally, Robotti Robert bought a new stake in shares of National Energy Services Reunited during the 4th quarter valued at approximately $90,000. Institutional investors own 15.55% of the company’s stock.

National Energy Services Reunited Trading Up 3.2%

NASDAQ NESR opened at $6.15 on Tuesday. National Energy Services Reunited has a twelve month low of $5.20 and a twelve month high of $9.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 1.10. The stock has a market cap of $593.17 million, a price-to-earnings ratio of 7.59 and a beta of 0.36. The firm’s 50 day moving average price is $6.19 and its two-hundred day moving average price is $7.31.

National Energy Services Reunited (NASDAQ:NESR) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). National Energy Services Reunited had a net margin of 5.87% and a return on equity of 10.96%. The business had revenue of $303.10 million during the quarter, compared to analyst estimates of $304.68 million. Equities analysts anticipate that National Energy Services Reunited will post 1.03 EPS for the current year.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. The company’s Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems.