National Energy Services Reunited (NASDAQ:NESR) CFO Stefan Angeli Sells 13,570 Shares

Key Points

• CFO Stefan Angeli sold 13,570 NESR shares at an average price of $35.12, generating $476,578.40. His remaining direct ownership totals 549,763 shares, a 2.41% reduction.
• NESR reported quarterly EPS of $0.44, beating the $0.35 consensus estimate, while revenue reached $520.75 million—up 59.1% year over year and above expectations.
• Analysts remain bullish, with the stock carrying a consensus “Buy” rating and several firms raising price targets to $45. Shares recently traded at $33.03, near the company’s 52-week high of $36.94.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) CFO Stefan Angeli sold 13,570 shares of National Energy Services Reunited stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $35.12, for a total value of $476,578.40. Following the completion of the transaction, the chief financial officer directly owned 549,763 shares of the company's stock, valued at $19,307,676.56. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

National Energy Services Reunited Price Performance

Shares of NASDAQ:NESR traded up $0.31 during midday trading on Friday, hitting $33.03. The stock had a trading volume of 1,802,521 shares, compared to its average volume of 2,025,660. The company's 50-day moving average price is $28.69 and its 200-day moving average price is $25.19. The company has a market capitalization of $3.33 billion, a P/E ratio of 35.90, a price-to-earnings-growth ratio of 0.32 and a beta of 0.33. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. National Energy Services Reunited has a fifty-two week low of $8.39 and a fifty-two week high of $36.94.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NESR shares. Weiss Ratings raised National Energy Services Reunited from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, August 12th. Citigroup restated a "buy" rating on shares of National Energy Services Reunited in a research report on Monday, August 10th. UBS Group raised their price target on shares of 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. Wall Street Zen raised shares of National Energy Services Reunited from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 16th. Finally, Barclays lifted their target price on National Energy Services Reunited from $35.00 to $45.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat.com, National Energy Services Reunited presently has an average rating of "Buy" and a consensus price target of $33.57.

Institutional Investors Weigh In On National Energy Services Reunited

Several institutional investors and hedge funds have recently made changes to their positions in the business. Navellier & Associates Inc. acquired a new stake in National Energy Services Reunited during the second quarter worth approximately $4,522,000. Globeflex Capital L P acquired a new stake in shares of National Energy Services Reunited during the 2nd quarter worth approximately $211,000. USA Financial Formulas increased its stake in shares of National Energy Services Reunited by 63.0% in the 1st quarter. USA Financial Formulas now owns 2,253 shares of the company's stock valued at $48,000 after acquiring an additional 871 shares in the last quarter. Bank of America Corp DE lifted its position in shares of National Energy Services Reunited by 21.4% during the 1st quarter. Bank of America Corp DE now owns 597,400 shares of the company's stock valued at $12,826,000 after acquiring an additional 105,205 shares during the period. Finally, Empowered Funds LLC boosted its stake in National Energy Services Reunited by 9.3% during the first quarter. Empowered Funds LLC now owns 491,009 shares of the company's stock worth $10,542,000 after acquiring an additional 41,741 shares in the last quarter. Institutional investors own 15.55% of the company's stock.

National Energy Services Reunited Company Profile

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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