JPMorgan Chase & Co. acquired a new stake in National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 43,966 shares of the company's stock, valued at approximately $394,000.
Other hedge funds also recently modified their holdings of the company. Iridian Asset Management LLC CT bought a new position in National Energy Services Reunited in the fourth quarter valued at approximately $1,378,000. Tejara Capital Ltd bought a new position in shares of National Energy Services Reunited in the fourth quarter valued at $3,600,000. Sei Investments Co. acquired a new position in National Energy Services Reunited during the fourth quarter worth $328,000. Finally, R Squared Ltd acquired a new position in shares of National Energy Services Reunited during the 4th quarter worth about $41,000. Institutional investors own 15.55% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on NESR. Barclays boosted their price target on National Energy Services Reunited from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Benchmark began coverage on National Energy Services Reunited in a research note on Tuesday, January 21st. They issued a "buy" rating and a $15.00 price target on the stock.
Read Our Latest Stock Analysis on National Energy Services Reunited
National Energy Services Reunited Stock Performance
NASDAQ:NESR opened at $6.31 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $7.06 and a 200 day simple moving average of $8.31. National Energy Services Reunited Corp. has a 1-year low of $5.20 and a 1-year high of $10.30. The stock has a market cap of $606.05 million, a P/E ratio of 7.89 and a beta of 0.35.
National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $343.68 million for the quarter, compared to the consensus estimate of $339.84 million. Research analysts anticipate that National Energy Services Reunited Corp. will post 1.03 earnings per share for the current year.
About National Energy Services Reunited
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider National Energy Services Reunited, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Energy Services Reunited wasn't on the list.
While National Energy Services Reunited currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
