National Energy Services Reunited (NASDAQ:NESR) Earns “Hold (C)” Rating from Weiss Ratings

National Energy Services Reunited (NASDAQ:NESR)‘s stock had its “hold (c)” rating reissued by investment analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

NESR has been the subject of several other reports. Zacks Research cut National Energy Services Reunited from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Wall Street Zen upgraded National Energy Services Reunited from a “hold” rating to a “buy” rating in a research report on Monday, August 25th. Piper Sandler lifted their price target on National Energy Services Reunited from $13.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. National Bankshares set a $16.00 price target on National Energy Services Reunited in a research report on Tuesday, September 9th. Finally, Maxim Group started coverage on National Energy Services Reunited in a research report on Tuesday, September 9th. They set a “buy” rating and a $16.00 price target for the company. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.33.

National Energy Services Reunited Trading Up 2.6%

Shares of NASDAQ:NESR opened at $12.42 on Friday. National Energy Services Reunited has a 52-week low of $5.20 and a 52-week high of $12.48. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 16.13 and a beta of 0.32. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $10.00 and a 200-day moving average price of $7.57.

National Energy Services Reunited (NASDAQ:NESR) last announced its quarterly earnings data on Wednesday, August 20th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. National Energy Services Reunited had a return on equity of 9.91% and a net margin of 5.57%.The firm had revenue of $327.37 million during the quarter, compared to analysts’ expectations of $316.07 million. Equities analysts predict that National Energy Services Reunited will post 1.03 EPS for the current year.

Institutional Trading of National Energy Services Reunited

Several institutional investors have recently bought and sold shares of NESR. State of Alaska Department of Revenue acquired a new stake in shares of National Energy Services Reunited in the third quarter worth approximately $34,000. Legal & General Group Plc acquired a new stake in shares of National Energy Services Reunited in the second quarter worth approximately $34,000. Ameritas Investment Partners Inc. acquired a new stake in shares of National Energy Services Reunited in the second quarter worth approximately $37,000. Acadian Asset Management LLC acquired a new stake in shares of National Energy Services Reunited in the first quarter worth approximately $48,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of National Energy Services Reunited in the first quarter worth approximately $81,000. 15.55% of the stock is owned by institutional investors and hedge funds.

About National Energy Services Reunited

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.