National Energy Services Reunited (NASDAQ:NESR) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• National Energy Services Reunited has a consensus analyst rating of “Moderate Buy”, with seven buy ratings and two hold ratings across nine brokerage firms. The average 12-month price target is $26.00.
• The stock has recently seen several target price updates, including Barclays raising its target to $34 and UBS setting a $31 target, while Zacks downgraded the shares to hold.
• NESR recently reported earnings of $0.32 per share, beating estimates, on $398.26 million in revenue, with revenue up 15.9% year over year.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $26.00.

NESR has been the subject of a number of recent analyst reports. Maxim Group set a $30.00 target price on shares of National Energy Services Reunited in a research report on Monday, January 12th. BTIG Research increased their target price on shares of National Energy Services Reunited from $16.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, February 17th. Zacks Research downgraded shares of National Energy Services Reunited from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Barclays increased their target price on shares of National Energy Services Reunited from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Friday. Finally, UBS Group increased their target price on shares of National Energy Services Reunited to $31.00 and gave the company a "buy" rating in a research report on Thursday, February 19th.

National Energy Services Reunited Stock Performance

NASDAQ:NESR opened at $23.10 on Monday. The company has a market capitalization of $2.33 billion, a PE ratio of 43.59, a P/E/G ratio of 0.35 and a beta of 0.38. The company has a 50 day simple moving average of $22.70 and a two-hundred day simple moving average of $18.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 1.04. National Energy Services Reunited has a fifty-two week low of $5.47 and a fifty-two week high of $26.85.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.07. The business had revenue of $398.26 million during the quarter. National Energy Services Reunited had a net margin of 3.86% and a return on equity of 8.50%. National Energy Services Reunited's revenue was up 15.9% on a year-over-year basis. Research analysts anticipate that National Energy Services Reunited will post 1.53 earnings per share for the current year.

Hedge Funds Weigh In On National Energy Services Reunited

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV boosted its holdings in shares of National Energy Services Reunited by 4.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,092 shares of the company's stock worth $174,000 after buying an additional 501 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of National Energy Services Reunited by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 11,148 shares of the company's stock worth $175,000 after buying an additional 719 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of National Energy Services Reunited by 4.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,419 shares of the company's stock worth $306,000 after buying an additional 772 shares in the last quarter. Ieq Capital LLC boosted its holdings in shares of National Energy Services Reunited by 1.0% during the 4th quarter. Ieq Capital LLC now owns 85,337 shares of the company's stock worth $1,336,000 after buying an additional 842 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of National Energy Services Reunited by 2.9% during the 4th quarter. CWM LLC now owns 30,123 shares of the company's stock worth $472,000 after buying an additional 845 shares in the last quarter. 15.55% of the stock is currently owned by institutional investors.

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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