National Energy Services Reunited $NESR Shares Bought by Citigroup Inc.

Key Points

• Citigroup boosted its stake in National Energy Services Reunited by 680.2% in the third quarter, buying 162,858 shares to own 186,801 shares (about 0.19% of the company) valued at $1.917 million; institutional investors now hold roughly 15.55% of the stock.
• Wall Street consensus is a “Moderate Buy” (seven Buys, two Holds) with an average price target of $26, while several firms have recently raised targets (UBS $31; Piper Sandler to $19).
• NESR topped estimates in its latest quarter with EPS $0.32 vs. $0.25 and revenue of $398.3 million (up 15.9% year‑over‑year); the shares trade near $20.86 with a $2.01 billion market cap and a P/E of 39.36.

Citigroup Inc. lifted its position in National Energy Services Reunited (NASDAQ:NESR - Free Report) by 680.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 186,801 shares of the company's stock after buying an additional 162,858 shares during the period. Citigroup Inc. owned approximately 0.19% of National Energy Services Reunited worth $1,917,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Millennium Management LLC boosted its stake in National Energy Services Reunited by 38.2% during the first quarter. Millennium Management LLC now owns 542,135 shares of the company's stock valued at $3,990,000 after buying an additional 149,796 shares in the last quarter. Jane Street Group LLC acquired a new stake in National Energy Services Reunited during the first quarter valued at approximately $1,425,000. Acadian Asset Management LLC acquired a new stake in National Energy Services Reunited during the first quarter valued at approximately $48,000. Los Angeles Capital Management LLC bought a new stake in National Energy Services Reunited during the second quarter worth approximately $350,000. Finally, ProShare Advisors LLC acquired a new position in National Energy Services Reunited in the second quarter worth approximately $75,000. Institutional investors and hedge funds own 15.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NESR shares. Weiss Ratings reiterated a "hold (c)" rating on shares of National Energy Services Reunited in a research report on Monday, December 29th. UBS Group lifted their target price on National Energy Services Reunited to $31.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Wall Street Zen lowered National Energy Services Reunited from a "buy" rating to a "hold" rating in a research report on Sunday, December 21st. National Bank Financial set a $21.00 target price on National Energy Services Reunited in a report on Friday, January 9th. Finally, Piper Sandler increased their price target on National Energy Services Reunited from $15.00 to $19.00 and gave the company an "overweight" rating in a research report on Tuesday, November 18th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, National Energy Services Reunited has an average rating of "Moderate Buy" and an average price target of $26.00.

National Energy Services Reunited Stock Down 5.3%

NASDAQ:NESR opened at $20.86 on Monday. The business's fifty day moving average price is $20.32 and its 200 day moving average price is $14.94. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 39.36, a PEG ratio of 0.57 and a beta of 0.17. The company has a current ratio of 1.10, a quick ratio of 0.92 and a debt-to-equity ratio of 0.22. National Energy Services Reunited has a 1-year low of $5.20 and a 1-year high of $26.85.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.07. National Energy Services Reunited had a return on equity of 8.57% and a net margin of 3.86%.The firm had revenue of $398.26 million during the quarter. The business's revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts forecast that National Energy Services Reunited will post 1.03 earnings per share for the current fiscal year.

National Energy Services Reunited Company 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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