Ameriprise Financial Inc. Takes $1.16 Million Position in National Energy Services Reunited Corp. (NASDAQ:NESR)

Ameriprise Financial Inc. purchased a new stake in National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 129,600 shares of the company's stock, valued at approximately $1,162,000. Ameriprise Financial Inc. owned 0.14% of National Energy Services Reunited at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of National Energy Services Reunited during the 4th quarter worth approximately $41,000. Tower Research Capital LLC TRC acquired a new position in National Energy Services Reunited during the fourth quarter valued at approximately $49,000. National Bank of Canada FI bought a new stake in National Energy Services Reunited during the fourth quarter worth $74,000. TD Waterhouse Canada Inc. acquired a new stake in shares of National Energy Services Reunited in the 4th quarter valued at $89,000. Finally, Robotti Robert acquired a new stake in shares of National Energy Services Reunited in the 4th quarter valued at $90,000. Institutional investors and hedge funds own 15.55% of the company's stock.

Wall Street Analyst Weigh In

Separately, Barclays boosted their target price on shares of National Energy Services Reunited from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th.

National Energy Services Reunited Stock Down 5.5%

Shares of NESR stock traded down $0.35 during trading hours on Tuesday, reaching $5.97. The company had a trading volume of 1,037,645 shares, compared to its average volume of 175,973. The company has a market cap of $575.82 million, a price-to-earnings ratio of 7.46 and a beta of 0.42. 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 Corp. has a 12 month low of $5.20 and a 12 month high of $9.89. The business has a fifty day simple moving average of $6.34 and a 200-day simple moving average of $7.88.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). On average, research analysts expect that National Energy Services Reunited Corp. will post 1.03 earnings per share for the current fiscal year.

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.