National Energy Services Reunited (NASDAQ:NESR) Raised to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded NESR from "buy" to Strong‑Buy, while overall analyst coverage shows 1 Strong Buy, 7 Buy and 1 Hold with an average price target of $25.86 and an average rating of "Buy".
• NESR beat quarterly estimates with EPS of $0.32 vs. $0.25 consensus and revenue of $398.3M (up 15.9% YoY); the stock opened at $23.00 (down 3.4%), with a market cap of $2.32B and a P/E of 43.4.
• National Energy Services Reunited is an oilfield services provider offering integrated drilling, completion and production solutions (e.g., cementing, coiled tubing, hydraulic fracturing), and about 15.55% of the stock is held by institutional investors.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Sunday.

A number of other research analysts also recently weighed in on the stock. Barclays lowered their price objective on shares of National Energy Services Reunited from $34.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday. Bank of America started coverage on shares of National Energy Services Reunited in a research report on Friday, January 9th. They set a "buy" rating on the stock. UBS Group increased their price objective 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 Bank Financial set a $21.00 price objective on shares of National Energy Services Reunited in a research report on Friday, January 9th. Finally, Maxim Group set a $30.00 price objective on shares of National Energy Services Reunited in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, National Energy Services Reunited presently has an average rating of "Buy" and an average price target of $25.86.

National Energy Services Reunited Stock Down 3.4%

Shares of NASDAQ:NESR opened at $23.00 on Friday. The firm has a market capitalization of $2.32 billion, a PE ratio of 43.40, a price-to-earnings-growth ratio of 0.63 and a beta of 0.29. The firm has a fifty day moving average of $22.09 and a 200 day moving average of $16.97. National Energy Services Reunited has a 52-week low of $5.47 and a 52-week high of $26.85. 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 (NASDAQ:NESR - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $398.26 million for the quarter. National Energy Services Reunited had a net margin of 3.86% and a return on equity of 8.50%. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, research analysts anticipate that National Energy Services Reunited will post 1.03 EPS for the current fiscal year.

Institutional Trading of National Energy Services Reunited

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of National Energy Services Reunited by 373.8% during the 4th quarter. Royal Bank of Canada now owns 1,900 shares of the company's stock valued at $30,000 after purchasing an additional 1,499 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of National Energy Services Reunited during the 3rd quarter valued at $34,000. Legal & General Group Plc bought a new stake in shares of National Energy Services Reunited during the 2nd quarter valued at $34,000. Acadian Asset Management LLC bought a new stake in shares of National Energy Services Reunited during the 1st quarter valued at $48,000. Finally, Osaic Holdings Inc. bought a new stake in shares of National Energy Services Reunited during the 2nd quarter valued at $73,000. 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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