UBS Group Has Lowered Expectations for National Energy Services Reunited (NASDAQ:NESR) Stock Price

Key Points

• UBS cut its price target on National Energy Services Reunited from $46 to $40 but maintained a Buy rating; the revised target implies 96.27% upside from the prior close. Analysts’ consensus rating is Moderate Buy, with an average target of $39.12.
• NESR beat Q3 estimates, reporting adjusted earnings of $0.38 per share versus $0.36 expected and revenue of $504.7 million versus $495.9 million expected.
• The company set a roughly $2 billion revenue target for 2026 and approved its first dividend, at $0.10 per share quarterly, while refinancing $747 million in facilities.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) had its price objective lowered by equities researchers at UBS Group from $46.00 to $40.00 in a report released on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price target points to a potential upside of 96.27% from the stock's previous close.

A number of other research analysts have also commented on the stock. Capital One Financial assumed coverage on shares of National Energy Services Reunited in a research note on Wednesday, September 30th. They issued an "overweight" rating and a $44.00 price target on the stock. National Bank Financial set a $44.00 price objective on National Energy Services Reunited in a report on Wednesday, September 30th. Barclays lowered their target price on National Energy Services Reunited from $41.00 to $37.00 and set an "overweight" rating on the stock in a research note on Tuesday. BMO Capital Markets started coverage on National Energy Services Reunited in a report on Thursday, October 1st. They set an "outperform" rating and a $39.00 price target for the company. Finally, Wall Street Zen downgraded National Energy Services Reunited from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 3rd. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, National Energy Services Reunited has an average rating of "Moderate Buy" and a consensus price target of $39.12.

National Energy Services Reunited Stock Performance

Shares of NASDAQ NESR traded up $0.83 during midday trading on Tuesday, hitting $20.38. 2,394,847 shares of the company's stock were exchanged, compared to its average volume of 2,159,708. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.06 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 0.25 and a beta of 0.57. National Energy Services Reunited has a 12 month low of $12.77 and a 12 month high of $36.94. The company's 50 day moving average price is $26.26 and its 200 day moving average price is $25.55.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.02. National Energy Services Reunited had a return on equity of 12.07% and a net margin of 5.77%. The business had revenue of $504.73 million for the quarter, compared to analysts' expectations of $495.93 million. As a group, analysts predict that National Energy Services Reunited will post 1.66 earnings per share for the current fiscal year.

Insider Buying and Selling at National Energy Services Reunited

In related news, CFO Stefan Angeli sold 13,570 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $35.12, for a total value of $476,578.40. Following the completion of the transaction, the chief financial officer owned 549,763 shares of the company's stock, valued at $19,307,676.56. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mejia Antonio J. Campo sold 63,324 shares of the company's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $35.45, for a total transaction of $2,244,835.80. Following the sale, the director directly owned 696,398 shares of the company's stock, valued at $24,687,309.10. This represents a 8.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 176,894 shares of company stock valued at $6,221,414 in the last three months. Corporate insiders own 9.70% of the company's stock.

Hedge Funds Weigh In On National Energy Services Reunited

Several hedge funds and other institutional investors have recently made changes to their positions in NESR. Voya Investment Management LLC increased its stake in shares of National Energy Services Reunited by 16.4% in the 3rd quarter. Voya Investment Management LLC now owns 1,719,177 shares of the company's stock valued at $43,787,000 after purchasing an additional 242,014 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of National Energy Services Reunited by 47.8% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 16,973 shares of the company's stock worth $432,000 after buying an additional 5,488 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of National Energy Services Reunited during the 3rd quarter worth $302,000. Russell Investments Group Ltd. lifted its position in shares of National Energy Services Reunited by 29.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 646,342 shares of the company's stock worth $16,462,000 after buying an additional 145,850 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in shares of National Energy Services Reunited by 10.1% during the 3rd quarter. Pictet Asset Management Holding SA now owns 10,906 shares of the company's stock worth $278,000 after buying an additional 1,000 shares during the last quarter. 15.55% of the stock is currently owned by institutional investors and hedge funds.

National Energy Services Reunited News Roundup

Here are the key news stories impacting National Energy Services Reunited this week:

• Positive Sentiment: Q3 2026 adjusted earnings were $0.38 per share, above the $0.36 consensus and up from $0.16 a year earlier. Revenue of $504.7 million also exceeded estimates of $495.9 million. Zacks Q3 earnings report
• Positive Sentiment: NESR set a roughly $2 billion revenue target for 2026 and approved its first dividend, $0.10 per share quarterly ($0.40 annualized). It is also refinancing $747 million in facilities; the revenue target and shareholder return may support sentiment, while refinancing terms remain relevant. Revenue target, dividend and refinancing
• Negative Sentiment: UBS cut its price target to $40 from $46, and Barclays lowered its target to $37 from $41. Both maintained positive ratings—Buy and Overweight, respectively—but the reductions may signal more cautious expectations and weigh on shares. UBS target update Barclays target update

About National Energy Services Reunited

National Energy Services Reunited Corp. (NESR) provides oilfield services to exploration and production companies. Its offerings support drilling, well construction and the production and maintenance of oil and gas wells. The company's services include drilling and evaluation work, such as directional drilling and wireline services, as well as production services including well intervention, stimulation and artificial lift. Its work is designed to help customers develop and operate energy resources throughout the life of a well.

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