National Energy Services Reunited (NASDAQ:NESR - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.06), Zacks reports. The business had revenue of $303.10 million during the quarter, compared to analysts' expectations of $304.68 million.
National Energy Services Reunited Price Performance
National Energy Services Reunited stock traded up $0.31 during mid-day trading on Friday, reaching $5.85. 581,440 shares of the company were exchanged, compared to its average volume of 184,902. The company has a fifty day simple moving average of $6.20 and a 200-day simple moving average of $7.81. National Energy Services Reunited has a 12 month low of $5.20 and a 12 month high of $9.89. 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 firm has a market cap of $564.25 million, a PE ratio of 7.31 and a beta of 0.42.
Analyst Upgrades and Downgrades
Separately, Barclays raised their price objective on National Energy Services Reunited from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th.
Check Out Our Latest Stock Analysis on National Energy Services Reunited
Hedge Funds Weigh In On National Energy Services Reunited
Several hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC increased its stake in shares of National Energy Services Reunited by 38.2% in the 1st quarter. Millennium Management LLC now owns 542,135 shares of the company's stock valued at $3,990,000 after purchasing an additional 149,796 shares during the last quarter. Jane Street Group LLC bought a new position in shares of National Energy Services Reunited in the 1st quarter valued at $1,425,000. Finally, Acadian Asset Management LLC bought a new position in shares of National Energy Services Reunited in the 1st quarter valued at $48,000. Institutional investors own 15.55% of the company's stock.
About National Energy Services Reunited
(
Get Free Report)
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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