National Energy Services Reunited $NESR Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in National Energy Services Reunited (NASDAQ:NESR - Free Report) by 50.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,472 shares of the company's stock after buying an additional 42,006 shares during the period. Sei Investments Co. owned about 0.12% of National Energy Services Reunited worth $2,672,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NESR. Dodge & Cox grew its holdings in National Energy Services Reunited by 5.6% during the 3rd quarter. Dodge & Cox now owns 2,255,894 shares of the company's stock worth $23,145,000 after acquiring an additional 119,100 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of National Energy Services Reunited in the 3rd quarter valued at about $22,722,000. Dimensional Fund Advisors LP raised its stake in shares of National Energy Services Reunited by 103.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,960,587 shares of the company's stock valued at $42,088,000 after purchasing an additional 997,300 shares in the last quarter. Boston Partners lifted its position in shares of National Energy Services Reunited by 155.6% during the fourth quarter. Boston Partners now owns 1,953,328 shares of the company's stock worth $30,594,000 after purchasing an additional 1,189,035 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of National Energy Services Reunited by 1,482.3% during the fourth quarter. Millennium Management LLC now owns 1,237,585 shares of the company's stock worth $19,381,000 after purchasing an additional 1,159,372 shares during the last quarter. 15.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on NESR. Wall Street Zen raised National Energy Services Reunited from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 16th. Weiss Ratings downgraded National Energy Services Reunited from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, July 29th. BTIG Research reissued a "buy" rating and set a $32.00 price target on shares of National Energy Services Reunited in a research report on Friday, July 10th. Zacks Research upgraded National Energy Services Reunited from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 29th. Finally, UBS Group raised their price objective on National Energy Services Reunited from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $29.71.

National Energy Services Reunited Stock Performance

Shares of NASDAQ NESR opened at $29.02 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $26.79 and a 200-day simple moving average of $24.17. The company has a market cap of $2.93 billion, a PE ratio of 44.65, a P/E/G ratio of 0.34 and a beta of 0.33. National Energy Services Reunited has a 12-month low of $6.52 and a 12-month high of $30.31.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. National Energy Services Reunited had a return on equity of 9.77% and a net margin of 4.53%.The company had revenue of $404.59 million during the quarter, compared to analyst estimates of $370.87 million. The company's revenue for the quarter was up 33.5% compared to the same quarter last year. On average, equities research analysts forecast that National Energy Services Reunited will post 1.74 EPS for the current year.

Insider Activity at National Energy Services Reunited

In related news, Director Yousif Mohammed Ali Al-Nowais sold 1,919,594 shares of National Energy Services Reunited stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $26.80, for a total transaction of $51,445,119.20. Following the sale, the director directly owned 229,198 shares in the company, valued at $6,142,506.40. The trade was a 89.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 5,129,198 shares of company stock worth $135,731,984 over the last quarter. 9.70% of the stock is currently owned by company insiders.

National Energy Services Reunited Profile

National Energy Services Reunited Corp NASDAQ: NESR is a publicly traded oilfield services company formed in 2021 through a business combination that brought together complementary drilling and production service providers. The company's mission is to deliver integrated solutions across the upstream oil and gas value chain, combining regional expertise with global operational standards.

NESR's service portfolio spans drilling, completion and production, offering products and capabilities such as cementing, coiled tubing, hydraulic fracturing, well stimulation, pumping services and intervention solutions.

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