Iridian Asset Management LLC CT increased its position in shares of National Energy Services Reunited (NASDAQ:NESR - Free Report) by 78.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 273,944 shares of the company's stock after acquiring an additional 120,108 shares during the quarter. Iridian Asset Management LLC CT owned approximately 0.29% of National Energy Services Reunited worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank acquired a new position in shares of National Energy Services Reunited during the 4th quarter valued at about $90,000. Alpine Global Management LLC acquired a new position in shares of National Energy Services Reunited during the 4th quarter valued at about $102,000. Two Sigma Advisers LP acquired a new position in shares of National Energy Services Reunited during the 4th quarter valued at about $127,000. Two Sigma Investments LP acquired a new position in shares of National Energy Services Reunited during the 4th quarter valued at about $381,000. Finally, Shay Capital LLC acquired a new position in shares of National Energy Services Reunited during the 4th quarter valued at about $1,030,000. Institutional investors and hedge funds own 15.55% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of National Energy Services Reunited from a "buy" rating to a "hold" rating in a report on Sunday, June 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, National Energy Services Reunited currently has an average rating of "Moderate Buy" and a consensus target price of $15.00.
Check Out Our Latest Stock Analysis on National Energy Services Reunited
National Energy Services Reunited Stock Up 0.2%
National Energy Services Reunited stock traded up $0.01 during mid-day trading on Friday, hitting $6.36. The company had a trading volume of 304,090 shares, compared to its average volume of 277,286. The stock has a market cap of $613.44 million, a price-to-earnings ratio of 7.85 and a beta of 0.36. National Energy Services Reunited has a 1 year low of $5.20 and a 1 year high of $9.89. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $6.19 and a 200 day moving average of $7.37.
National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The company had revenue of $303.10 million during the quarter, compared to analysts' expectations of $304.68 million. National Energy Services Reunited had a net margin of 5.87% and a return on equity of 10.96%. On average, sell-side analysts expect that National Energy Services Reunited will post 1.03 earnings per share for the current fiscal year.
About National Energy Services Reunited
(
Free Report)
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.
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