National Energy Services Reunited Corp. (NASDAQ:NESR - Get Free Report)'s share price dropped 4% on Friday . The company traded as low as $8.50 and last traded at $8.50. Approximately 1,555 shares traded hands during trading, a decline of 99% from the average daily volume of 187,306 shares. The stock had previously closed at $8.85.
National Energy Services Reunited Stock Performance
The stock's fifty day moving average price is $7.94 and its two-hundred day moving average price is $6.60.
Institutional Trading of National Energy Services Reunited
A number of institutional investors have recently modified their holdings of NESR. FMR LLC raised its stake in National Energy Services Reunited by 3.1% in the first quarter. FMR LLC now owns 5,128,341 shares of the company's stock worth $26,975,000 after buying an additional 156,002 shares in the last quarter. BlackRock Inc. raised its stake in National Energy Services Reunited by 0.8% in the first quarter. BlackRock Inc. now owns 1,982,267 shares of the company's stock worth $16,650,000 after buying an additional 15,415 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in National Energy Services Reunited by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,444,144 shares of the company's stock worth $7,596,000 after buying an additional 190,737 shares in the last quarter. Invesco Ltd. raised its stake in National Energy Services Reunited by 2.2% in the first quarter. Invesco Ltd. now owns 780,843 shares of the company's stock worth $6,559,000 after buying an additional 16,902 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in National Energy Services Reunited by 17.2% in the fourth quarter. AQR Capital Management LLC now owns 744,472 shares of the company's stock worth $5,167,000 after buying an additional 109,023 shares in the last quarter. 15.55% of the stock is currently owned by hedge funds and other institutional investors.
About National Energy Services Reunited
(
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National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and internationally. 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.
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