Cwm LLC Buys Shares of 29,278 National Energy Services Reunited $NESR

Cwm LLC purchased a new position in National Energy Services Reunited (NASDAQ:NESR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 29,278 shares of the company’s stock, valued at approximately $300,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. purchased a new position in National Energy Services Reunited in the third quarter valued at about $5,543,000. Inspire Investing LLC acquired a new stake in shares of National Energy Services Reunited during the 3rd quarter valued at about $460,000. Osaic Holdings Inc. bought a new stake in shares of National Energy Services Reunited in the 2nd quarter valued at approximately $73,000. Encompass Capital Advisors LLC increased its holdings in National Energy Services Reunited by 4.3% in the second quarter. Encompass Capital Advisors LLC now owns 9,205,887 shares of the company’s stock worth $55,419,000 after buying an additional 382,640 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in National Energy Services Reunited by 92.6% in the second quarter. BNP Paribas Financial Markets now owns 17,339 shares of the company’s stock worth $104,000 after buying an additional 8,337 shares during the last quarter. 15.55% of the stock is currently owned by hedge funds and other institutional investors.

National Energy Services Reunited Price Performance

Shares of NASDAQ:NESR opened at $17.64 on Monday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 24.16 and a beta of 0.23. The business has a 50 day moving average price of $14.51 and a 200 day moving average price of $10.78. The company has a quick ratio of 0.92, a current ratio of 1.10 and a debt-to-equity ratio of 0.22. National Energy Services Reunited has a twelve month low of $5.20 and a twelve month high of $18.00.

National Energy Services Reunited (NASDAQ:NESR) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. National Energy Services Reunited had a return on equity of 8.24% and a net margin of 5.53%.The company had revenue of $295.32 million during the quarter, compared to analyst estimates of $292.46 million. Research analysts predict that National Energy Services Reunited will post 1.03 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on NESR shares. JPMorgan Chase & Co. boosted their target price on shares of National Energy Services Reunited from $10.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. BTIG Research lifted their price objective on shares of National Energy Services Reunited from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. National Bankshares set a $21.00 target price on shares of National Energy Services Reunited in a research report on Friday. Wall Street Zen lowered National Energy Services Reunited from a “buy” rating to a “hold” rating in a report on Sunday, December 21st. Finally, Zacks Research raised National Energy Services Reunited from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, National Energy Services Reunited presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.57.

About National Energy Services Reunited

National Energy Services Reunited Corp (NASDAQ: NESR) is a publicly traded oilfield services company formed in 2021 through a business combination that brought together complementary drilling and production service providers. The company’s mission is to deliver integrated solutions across the upstream oil and gas value chain, combining regional expertise with global operational standards.

NESR’s service portfolio spans drilling, completion and production, offering products and capabilities such as cementing, coiled tubing, hydraulic fracturing, well stimulation, pumping services and intervention solutions.