National Energy Services Reunited (NASDAQ:NESR - Get Free Report) released its earnings results on Tuesday. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.06), Zacks reports. The firm had revenue of $303.10 million during the quarter, compared to the consensus estimate of $304.68 million.
National Energy Services Reunited Stock Performance
Shares of NASDAQ:NESR traded down $0.36 during trading on Wednesday, hitting $5.61. 694,509 shares of the company were exchanged, compared to its average volume of 178,687. National Energy Services Reunited has a 52-week low of $5.20 and a 52-week high of $9.89. The stock has a 50 day moving average of $6.27 and a 200 day moving average of $7.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.10 and a quick ratio of 0.91. The company has a market cap of $541.10 million, a PE ratio of 7.01 and a beta of 0.42.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in National Energy Services Reunited during the first quarter valued at approximately $48,000. Jane Street Group LLC purchased a new position in shares of National Energy Services Reunited during the 1st quarter valued at $1,425,000. Finally, Millennium Management LLC increased its holdings in shares of National Energy Services Reunited by 38.2% in the first quarter. Millennium Management LLC now owns 542,135 shares of the company's stock worth $3,990,000 after purchasing an additional 149,796 shares during the period. Institutional investors own 15.55% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Barclays lifted their price target on shares of National Energy Services Reunited from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th.
View Our Latest Research Report on National Energy Services Reunited
About National Energy Services Reunited
(
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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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