Millennium Management LLC Purchases New Position in National Energy Services Reunited Corp. (NASDAQ:NESR)

Millennium Management LLC bought a new stake in National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 392,339 shares of the company's stock, valued at approximately $3,515,000. Millennium Management LLC owned approximately 0.41% of National Energy Services Reunited at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of National Energy Services Reunited in the fourth quarter valued at $41,000. Tower Research Capital LLC TRC purchased a new stake in National Energy Services Reunited during the 4th quarter worth about $49,000. National Bank of Canada FI acquired a new stake in National Energy Services Reunited in the 4th quarter valued at about $74,000. TD Waterhouse Canada Inc. purchased a new position in shares of National Energy Services Reunited in the 4th quarter valued at about $89,000. Finally, Robotti Robert acquired a new position in shares of National Energy Services Reunited during the fourth quarter worth about $90,000. 15.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barclays upped 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 6.0%

NASDAQ:NESR traded down $0.36 during trading hours on Wednesday, hitting $5.61. The company's stock had a trading volume of 694,509 shares, compared to its average volume of 178,687. National Energy Services Reunited Corp. has a 52-week low of $5.20 and a 52-week high of $9.89. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $541.10 million, a P/E ratio of 7.01 and a beta of 0.42. The stock has a fifty day moving average of $6.27 and a 200-day moving average of $7.85.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.06). The firm had revenue of $303.10 million during the quarter, compared to analyst estimates of $304.68 million. On average, equities analysts forecast that National Energy Services Reunited Corp. will post 1.03 earnings per share for the current year.

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.