National Energy Services Reunited (NASDAQ:NESR) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded NESR from "strong-buy" to "buy," while the overall analyst consensus remains a Buy with an average price target of $26.00 and individual targets roughly between $21 and $34.
• NESR beat expectations with $0.32 EPS versus a $0.25 estimate and reported $398.3 million in revenue (up 15.9% year-over-year); analysts project about $1.03 EPS for the current fiscal year.
• The stock opened at $22.64, trades above its 200‑day SMA ($16.50) with a 52‑week range of $5.20–$26.85, a market cap of approximately $2.28 billion, and a P/E near 42.7.

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

Several other analysts also recently issued reports on NESR. Maxim Group set a $30.00 price target on shares of National Energy Services Reunited in a research report on Monday, January 12th. National Bank Financial set a $21.00 price objective on shares of National Energy Services Reunited in a report on Friday, January 9th. Barclays raised their price objective on shares of National Energy Services Reunited to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, February 18th. 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 for the company. Finally, UBS Group upped their target price on shares of National Energy Services Reunited to $31.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $26.00.

National Energy Services Reunited Price Performance

NESR stock opened at $22.64 on Friday. The stock's 50 day simple moving average is $21.79 and its 200 day simple moving average is $16.50. National Energy Services Reunited has a fifty-two week low of $5.20 and a fifty-two 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. The company has a market cap of $2.28 billion, a P/E ratio of 42.72, a price-to-earnings-growth ratio of 0.62 and a beta of 0.29.

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

Hedge Funds Weigh In On National Energy Services Reunited

A number of hedge funds have recently bought and sold shares of NESR. Principal Financial Group Inc. bought a new position in shares of National Energy Services Reunited during the third quarter valued at about $608,000. Pacer Advisors Inc. bought a new stake in National Energy Services Reunited in the 3rd quarter worth about $5,543,000. Kazazian Asset Management LLC increased its stake in National Energy Services Reunited by 71.7% in the 3rd quarter. Kazazian Asset Management LLC now owns 143,650 shares of the company's stock valued at $1,474,000 after buying an additional 60,000 shares during the last quarter. Citigroup Inc. increased its stake in National Energy Services Reunited by 680.2% in the 3rd quarter. Citigroup Inc. now owns 186,801 shares of the company's stock valued at $1,917,000 after buying an additional 162,858 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of National Energy Services Reunited by 109.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 444,885 shares of the company's stock worth $2,678,000 after buying an additional 232,830 shares in the last quarter. 15.55% of the stock is owned by hedge funds and other 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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