Barclays PLC Invests $430,000 in National Energy Services Reunited Corp. (NASDAQ:NESR)

Barclays PLC bought a new position in shares of National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 48,015 shares of the company's stock, valued at approximately $430,000. Barclays PLC owned approximately 0.05% of National Energy Services Reunited at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of National Energy Services Reunited during the 4th quarter worth $41,000. Iridian Asset Management LLC CT acquired a new stake in National Energy Services Reunited in the fourth quarter valued at $1,378,000. Tejara Capital Ltd purchased a new stake in National Energy Services Reunited during the 4th quarter worth about $3,600,000. Sei Investments Co. acquired a new position in shares of National Energy Services Reunited during the 4th quarter worth about $328,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of National Energy Services Reunited during the 4th quarter worth about $394,000. Hedge funds and other institutional investors own 15.55% of the company's stock.

National Energy Services Reunited Stock Performance

Shares of NESR traded up $0.17 during mid-day trading on Tuesday, hitting $6.66. 189,463 shares of the company's stock were exchanged, compared to its average volume of 150,837. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. National Energy Services Reunited Corp. has a fifty-two week low of $5.20 and a fifty-two week high of $10.00. The business's 50 day moving average is $6.77 and its two-hundred day moving average is $8.15. The firm has a market capitalization of $639.67 million, a P/E ratio of 8.33 and a beta of 0.42.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $0.30 earnings per share for the quarter, hitting analysts' consensus estimates of $0.30. The company had revenue of $343.68 million for the quarter, compared to analyst estimates of $339.84 million. On average, equities analysts expect that National Energy Services Reunited Corp. will post 1.03 earnings per share for the current year.

Analysts Set New Price Targets

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

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.