National Energy Services Reunited (NASDAQ:NESR) Given Hold (C) Rating at Weiss Ratings

Key Points

• National Energy Services Reunited (NASDAQ:NESR) has been reaffirmed with a "hold (c)" rating by Weiss Ratings, while various analysts provided differing ratings and price targets, ranging from $13.00 to $16.00.
• The company's stock opened at $10.22 and has seen a 1-year low of $5.20 and a high of $10.80, with a current market capitalization of approximately $985.72 million.
• In its latest earnings report, National Energy Services Reunited announced an EPS of $0.21, surpassing analysts' expectations, along with revenue of $327.37 million.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

NESR has been the subject of a number of other reports. Piper Sandler upped their target price on National Energy Services Reunited from $11.00 to $13.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. National Bankshares set a $16.00 price objective on National Energy Services Reunited in a research note on Tuesday, September 9th. Wall Street Zen upgraded National Energy Services Reunited from a "hold" rating to a "buy" rating in a research note on Monday, August 25th. Finally, Maxim Group started coverage on National Energy Services Reunited in a research note on Tuesday, September 9th. They set a "buy" rating and a $16.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, National Energy Services Reunited presently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

National Energy Services Reunited Stock Up 0.2%

NESR opened at $10.22 on Wednesday. National Energy Services Reunited has a 1-year low of $5.20 and a 1-year high of $10.80. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $985.72 million, a price-to-earnings ratio of 13.27 and a beta of 0.32. The business has a 50 day moving average of $8.98 and a 200-day moving average of $7.25.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last issued its earnings results on Wednesday, August 20th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The business had revenue of $327.37 million during the quarter, compared to analyst estimates of $316.07 million. National Energy Services Reunited had a return on equity of 9.91% and a net margin of 5.57%. As a group, sell-side analysts anticipate that National Energy Services Reunited will post 1.03 earnings per share for the current year.

Institutional Trading of National Energy Services Reunited

Hedge funds and other institutional investors have recently made changes to their positions in the business. Iridian Asset Management LLC CT increased its stake in shares of National Energy Services Reunited by 78.1% in the first quarter. Iridian Asset Management LLC CT now owns 273,944 shares of the company's stock valued at $2,016,000 after buying an additional 120,108 shares in the last quarter. Penn Capital Management Company LLC increased its position in National Energy Services Reunited by 111.9% in the first quarter. Penn Capital Management Company LLC now owns 87,630 shares of the company's stock worth $645,000 after purchasing an additional 46,276 shares during the period. Interval Partners LP bought a new stake in National Energy Services Reunited during the 1st quarter worth about $585,000. Boston Partners acquired a new position in National Energy Services Reunited during the 1st quarter valued at about $361,000. Finally, Kazazian Asset Management LLC acquired a new position in National Energy Services Reunited during the 1st quarter valued at about $422,000. 15.55% of the stock is currently owned by institutional investors and hedge funds.

National Energy Services Reunited Company 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.

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