National Energy Services Reunited (NASDAQ:NESR) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Analysts' consensus: Buy — Nine analysts cover NESR (seven buy, one strong buy, one hold) with an average 12‑month price target of $26.00, and several firms (Barclays, UBS, Maxim) recently raised targets into the $30–$34 range.
• Quarterly beat and revenue growth — NESR reported $0.32 EPS vs. $0.25 expected (beat by $0.07) and revenue of $398.3M, up 15.9% year‑over‑year.
• Stock and ownership snapshot — NESR trades around $20.64 with a market cap of ~$2.08B and a P/E of ~38.9; institutional investors own about 15.55% of the company, with several funds increasing or initiating positions recently.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) has been given an average recommendation of "Buy" by the nine analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $26.00.

A number of research firms have weighed in on NESR. Barclays increased their target price on National Energy Services Reunited to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 18th. Wall Street Zen raised shares of National Energy Services Reunited from a "hold" rating to a "strong-buy" rating in a research note on Saturday, March 14th. Bank of America began coverage on shares of National Energy Services Reunited in a report on Friday, January 9th. They issued a "buy" rating on the stock. UBS Group raised their price target on shares of National Energy Services Reunited to $31.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th. Finally, Maxim Group set a $30.00 price objective on shares of National Energy Services Reunited in a research report on Monday, January 12th.

Institutional Trading of National Energy Services Reunited

Several institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. bought a new stake in National Energy Services Reunited during the 3rd quarter valued at $608,000. Pacer Advisors Inc. bought a new position in shares of National Energy Services Reunited during the 3rd quarter worth $5,543,000. Kazazian Asset Management LLC grew its position in shares of National Energy Services Reunited by 71.7% during the 3rd quarter. Kazazian Asset Management LLC now owns 143,650 shares of the company's stock worth $1,474,000 after buying an additional 60,000 shares in the last quarter. Citigroup Inc. increased its stake in shares of National Energy Services Reunited by 680.2% during the third 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 period. Finally, Boston Partners increased its stake in shares of National Energy Services Reunited by 240.0% during the second quarter. Boston Partners now owns 166,945 shares of the company's stock valued at $1,005,000 after buying an additional 117,840 shares during the period. Institutional investors own 15.55% of the company's stock.

National Energy Services Reunited Trading Down 2.0%

NESR opened at $20.64 on Friday. 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 stock's 50 day moving average price is $21.16 and its 200-day moving average price is $15.70. National Energy Services Reunited has a one year low of $5.20 and a one year high of $26.85. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 38.94, a P/E/G ratio of 0.57 and a beta of 0.18.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.07. National Energy Services Reunited had a return on equity of 8.50% and a net margin of 3.86%.The firm had revenue of $398.26 million during the quarter. National Energy Services Reunited's quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts forecast that National Energy Services Reunited will post 1.03 EPS for the current year.

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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