National Energy Services Reunited (NASDAQ:NESR) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Nine analysts rate NESR a consensus "Moderate Buy" (7 buys, 2 holds) with an average 12‑month price target of $25.86, close to the stock's 52‑week high of $26.85 and above the recent open of $23.23.
• Recent results and valuation: NESR beat quarterly expectations with EPS of $0.32 vs. $0.25 expected and revenue of $398.3M (up 15.9% YoY); the company has a market cap of $2.34B, P/E of 43.8 and PEG of 0.35.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $25.8571.

Several analysts recently issued reports on NESR shares. Barclays reduced their price target on shares of National Energy Services Reunited from $34.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, April 9th. National Bank Financial set a $21.00 price objective on shares of National Energy Services Reunited in a report on Friday, January 9th. UBS Group raised their price objective on shares of National Energy Services Reunited to $31.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. Maxim Group set a $30.00 price objective on shares of National Energy Services Reunited in a report on Monday, January 12th. Finally, Zacks Research downgraded shares of National Energy Services Reunited from a "strong-buy" rating to a "hold" rating in a research report on Monday.

National Energy Services Reunited Stock Down 0.1%

Shares of NASDAQ:NESR opened at $23.23 on Thursday. The business's 50 day simple moving average is $22.24 and its two-hundred day simple moving average is $17.24. The firm has a market cap of $2.34 billion, a P/E ratio of 43.83, a PEG ratio of 0.35 and a beta of 0.29. 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 52-week low of $5.47 and a 52-week high of $26.85.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.25 by $0.07. National Energy Services Reunited had a return on equity of 8.50% and a net margin of 3.86%.The firm had revenue of $398.26 million during the quarter. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, research analysts forecast that National Energy Services Reunited will post 1.03 EPS for the current fiscal year.

Institutional Trading of National Energy Services Reunited

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of National Energy Services Reunited by 373.8% in the fourth quarter. Royal Bank of Canada now owns 1,900 shares of the company's stock worth $30,000 after purchasing an additional 1,499 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of National Energy Services Reunited in the third quarter valued at approximately $34,000. State of Wyoming purchased a new position in shares of National Energy Services Reunited during the fourth quarter valued at approximately $76,000. Clearstead Advisors LLC boosted its position in shares of National Energy Services Reunited by 180.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,932 shares of the company's stock valued at $77,000 after buying an additional 3,171 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in National Energy Services Reunited during the second quarter worth $34,000. 15.55% of the stock is 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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