Tejara Capital Ltd Has $3.24 Million Position in National Energy Services Reunited $NESR

Key Points

• Tejara Capital Ltd increased its stake in National Energy Services Reunited by 9.5% in the first quarter, acquiring an additional 38,152 shares.
• National Energy Services Reunited reported $0.14 earnings per share in its latest quarterly earnings, missing analysts' estimates of $0.20.
• Wall Street analysts maintain a consensus rating of "Buy" for the company's stock, with an average target price of $14.20.

Tejara Capital Ltd raised its position in National Energy Services Reunited (NASDAQ:NESR - Free Report) by 9.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 439,917 shares of the company's stock after acquiring an additional 38,152 shares during the quarter. National Energy Services Reunited makes up about 1.2% of Tejara Capital Ltd's investment portfolio, making the stock its 22nd largest holding. Tejara Capital Ltd owned 0.46% of National Energy Services Reunited worth $3,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NESR. Tower Research Capital LLC TRC bought a new position in shares of National Energy Services Reunited during the 4th quarter worth approximately $49,000. TD Waterhouse Canada Inc. bought a new position in shares of National Energy Services Reunited during the 4th quarter worth approximately $89,000. Toronto Dominion Bank bought a new position in National Energy Services Reunited during the fourth quarter worth $90,000. Y Intercept Hong Kong Ltd bought a new position in National Energy Services Reunited during the first quarter worth $92,000. Finally, Alpine Global Management LLC bought a new position in National Energy Services Reunited during the fourth quarter worth $102,000. Institutional investors own 15.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Piper Sandler started 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 objective for the company. Wall Street Zen downgraded shares of National Energy Services Reunited from a "buy" rating to a "hold" rating in a report on Sunday. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $14.20.

National Energy Services Reunited Price Performance

NASDAQ NESR traded up $1.02 during midday trading on Wednesday, hitting $8.31. The company had a trading volume of 2,098,778 shares, compared to its average volume of 642,715. The company has a market capitalization of $801.50 million, a PE ratio of 10.26 and a beta of 0.39. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $6.45 and a 200-day moving average price of $6.93. National Energy Services Reunited has a twelve month low of $5.20 and a twelve month high of $9.89.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. National Energy Services Reunited had a return on equity of 10.96% and a net margin of 5.87%. As a group, analysts anticipate that National Energy Services Reunited will post 1.03 earnings per share for the current fiscal 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.