Kazazian Asset Management LLC bought a new stake in shares of National Energy Services Reunited (NASDAQ:NESR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 57,300 shares of the company's stock, valued at approximately $422,000. Kazazian Asset Management LLC owned about 0.06% of National Energy Services Reunited at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Iridian Asset Management LLC CT raised its position in National Energy Services Reunited by 78.1% in the 1st quarter. Iridian Asset Management LLC CT now owns 273,944 shares of the company's stock worth $2,016,000 after buying an additional 120,108 shares during the last quarter. Bank of America Corp DE purchased a new position in National Energy Services Reunited in the 4th quarter worth about $1,208,000. Millennium Management LLC purchased a new position in National Energy Services Reunited in the 4th quarter worth about $3,515,000. Ameriprise Financial Inc. purchased a new position in National Energy Services Reunited in the 4th quarter worth about $1,162,000. Finally, SCF Partners Inc. purchased a new position in National Energy Services Reunited in the 4th quarter worth about $71,605,000. 15.55% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
NESR has been the subject of several research reports. Piper Sandler initiated coverage on shares of National Energy Services Reunited in a research report on Monday, July 14th. They set an "overweight" rating and a $11.00 price target for the company. Wall Street Zen downgraded National Energy Services Reunited from a "buy" rating to a "hold" rating in a research note on Sunday, June 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $14.20.
Read Our Latest Research Report on National Energy Services Reunited
National Energy Services Reunited Trading Down 0.4%
NESR stock traded down $0.03 during midday trading on Wednesday, reaching $6.65. The company's stock had a trading volume of 302,789 shares, compared to its average volume of 450,105. National Energy Services Reunited has a 1 year low of $5.20 and a 1 year high of $9.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 1.10. The stock has a fifty day simple moving average of $6.24 and a two-hundred day simple moving average of $7.09. The firm has a market capitalization of $641.39 million, a price-to-earnings ratio of 8.21 and a beta of 0.39.
National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.06). National Energy Services Reunited had a return on equity of 10.96% and a net margin of 5.87%. The firm had revenue of $303.10 million for the quarter, compared to the consensus estimate of $304.68 million. On average, equities research analysts predict that National Energy Services Reunited will post 1.03 EPS for the current 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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