Two Sigma Investments LP Invests $381,000 in National Energy Services Reunited Corp. (NASDAQ:NESR)

Two Sigma Investments LP purchased a new stake in shares of National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 42,556 shares of the company's stock, valued at approximately $381,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank purchased a new stake in National Energy Services Reunited during the fourth quarter valued at $90,000. Shay Capital LLC bought a new stake in shares of National Energy Services Reunited in the fourth quarter worth about $1,030,000. OMERS ADMINISTRATION Corp bought a new position in shares of National Energy Services Reunited during the 4th quarter valued at approximately $285,000. Millennium Management LLC bought a new stake in shares of National Energy Services Reunited in the 4th quarter worth about $3,515,000. Finally, GeoSphere Capital Management LLC purchased a new stake in National Energy Services Reunited during the fourth quarter valued at approximately $10,443,000. Hedge funds and other institutional investors own 15.55% of the company's stock.

Wall Street Analyst Weigh In

NESR has been the topic of a number of analyst reports. Barclays upped their target price on National Energy Services Reunited from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Wall Street Zen upgraded National Energy Services Reunited from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $15.00.

National Energy Services Reunited Price Performance

NESR traded down $0.02 during trading on Friday, reaching $6.05. The company's stock had a trading volume of 483,660 shares, compared to its average volume of 193,245. National Energy Services Reunited Corp. has a 1 year low of $5.20 and a 1 year high of $9.89. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.33. The company has a market cap of $583.54 million, a price-to-earnings ratio of 7.47 and a beta of 0.39. The firm has a fifty day simple moving average of $6.16 and a two-hundred day simple moving average of $7.72.

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

About National Energy Services Reunited

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.