322,752 Shares in National Energy Services Reunited Corp. (NASDAQ:NESR) Bought by Marshall Wace LLP

Marshall Wace LLP acquired a new position in National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 322,752 shares of the company's stock, valued at approximately $2,892,000. Marshall Wace LLP owned 0.34% of National Energy Services Reunited as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of National Energy Services Reunited in the fourth quarter valued at $41,000. National Bank of Canada FI acquired a new stake in National Energy Services Reunited in the 4th quarter valued at about $74,000. Robotti Robert bought a new position in shares of National Energy Services Reunited during the 4th quarter valued at about $90,000. Arrowstreet Capital Limited Partnership bought a new position in shares of National Energy Services Reunited during the 4th quarter valued at about $107,000. Finally, Sei Investments Co. bought a new stake in shares of National Energy Services Reunited in the 4th quarter worth approximately $328,000. Institutional investors own 15.55% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Benchmark began coverage on shares of National Energy Services Reunited in a report on Tuesday, January 21st. They set a "buy" rating and a $15.00 target price for the company. Barclays increased their price objective on National Energy Services Reunited from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th.

National Energy Services Reunited Trading Up 1.8 %

National Energy Services Reunited stock traded up $0.11 during midday trading on Friday, reaching $6.42. The stock had a trading volume of 41,823 shares, compared to its average volume of 240,494. The firm's fifty day simple moving average is $7.06 and its two-hundred day simple moving average is $8.31. The firm has a market cap of $617.00 million, a price-to-earnings ratio of 7.99 and a beta of 0.35. National Energy Services Reunited Corp. has a twelve month low of $5.20 and a twelve month high of $10.30. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.10 and a quick ratio of 0.91.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The business had revenue of $343.68 million for the quarter, compared to analyst estimates of $339.84 million. Equities analysts anticipate that National Energy Services Reunited Corp. will post 1.03 EPS for the current fiscal year.

National Energy Services Reunited 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.