Sherif Foda Sells 100,000 Shares of National Energy Services Reunited (NASDAQ:NESR) Stock

Key Points

• CEO Sherif Foda sold 100,000 NESR shares at an average price of $35, generating $3.5 million; he retains 3.08 million shares worth approximately $108 million.
• NESR shares traded at $34.74, near their 52-week high, while the company reported quarterly EPS of $0.44 and revenue of $520.75 million—beating estimates and representing 59.1% year-over-year revenue growth.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and a $33.57 average price target, while institutional investors own 15.55% of the company.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) CEO Sherif Foda sold 100,000 shares of the business's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $35.00, for a total value of $3,500,000.00. Following the completion of the sale, the chief executive officer directly owned 3,084,643 shares of the company's stock, valued at approximately $107,962,505. The trade was a 3.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

National Energy Services Reunited Stock Up 0.1%

NASDAQ:NESR traded up $0.02 during trading hours on Wednesday, reaching $34.74. The company's stock had a trading volume of 1,087,093 shares, compared to its average volume of 2,198,393. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 0.33 and a beta of 0.39. National Energy Services Reunited has a one year low of $9.15 and a one year high of $36.94. The business's 50-day moving average is $30.33 and its 200-day moving average is $26.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.86.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.09. The company had revenue of $520.75 million during the quarter, compared to analysts' expectations of $448.54 million. National Energy Services Reunited had a return on equity of 12.07% and a net margin of 5.77%.The company's quarterly revenue was up 59.1% compared to the same quarter last year. Equities research analysts predict that National Energy Services Reunited will post 1.82 EPS for the current year.

Institutional Trading of National Energy Services Reunited

Hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new stake in National Energy Services Reunited in the third quarter valued at approximately $22,722,000. California State Teachers Retirement System boosted its stake in shares of National Energy Services Reunited by 59,073.6% in the 2nd quarter. California State Teachers Retirement System now owns 2,162,203 shares of the company's stock valued at $64,715,000 after purchasing an additional 2,158,549 shares during the last quarter. Boston Partners increased 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 buying an additional 1,189,035 shares during the period. Millennium Management LLC raised its stake in 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 buying an additional 1,159,372 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in National Energy Services Reunited by 103.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,960,587 shares of the company's stock valued at $42,088,000 after acquiring an additional 997,300 shares during the last quarter. Institutional investors and hedge funds own 15.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NESR. Zacks Research raised National Energy Services Reunited from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 29th. Wall Street Zen raised National Energy Services Reunited from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 16th. UBS Group boosted their price target on National Energy Services Reunited from $36.00 to $45.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Citigroup reiterated a "buy" rating on shares of National Energy Services Reunited in a research note on Monday, August 10th. Finally, Weiss Ratings lowered shares of National Energy Services Reunited from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $33.57.

About National Energy Services Reunited

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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