Long Focus Capital Management LLC Buys Shares of 497,921 National Energy Services Reunited Corp. (NASDAQ:NESR)

Long Focus Capital Management LLC bought a new position in shares of National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 497,921 shares of the company's stock, valued at approximately $4,461,000. Long Focus Capital Management LLC owned approximately 0.52% of National Energy Services Reunited as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of NESR. R Squared Ltd acquired a new position in shares of National Energy Services Reunited during the 4th quarter worth $41,000. Tower Research Capital LLC TRC acquired a new stake in shares of National Energy Services Reunited in the fourth quarter valued at about $49,000. National Bank of Canada FI bought a new position in National Energy Services Reunited during the 4th quarter worth approximately $74,000. TD Waterhouse Canada Inc. bought a new position in National Energy Services Reunited during the fourth quarter worth $89,000. Finally, Robotti Robert acquired a new position in shares of National Energy Services Reunited in the 4th quarter valued at about $90,000. Institutional investors own 15.55% of the company's stock.

Analyst Ratings Changes

NESR has been the topic of a number of research reports. Benchmark started coverage on shares of National Energy Services Reunited in a research report on Tuesday, January 21st. They set a "buy" rating and a $15.00 target price on the stock. Barclays lifted their target price on National Energy Services Reunited from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th.

National Energy Services Reunited Stock Down 2.3 %

NESR stock traded down $0.15 during trading on Monday, reaching $6.25. The stock had a trading volume of 47,376 shares, compared to its average volume of 146,193. 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 capitalization of $600.29 million, a price-to-earnings ratio of 7.81 and a beta of 0.35. National Energy Services Reunited Corp. has a one year low of $5.20 and a one year high of $10.30. The company's 50 day moving average is $7.29 and its two-hundred day moving average is $8.37.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last released its earnings results on Wednesday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The business had revenue of $343.68 million during the quarter, compared to the consensus estimate of $339.84 million. Equities research analysts forecast that National Energy Services Reunited Corp. will post 1.03 EPS for the current 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.