National Energy Services Reunited Corp. (NASDAQ:NESR - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $5.85, but opened at $6.55. National Energy Services Reunited shares last traded at $6.24, with a volume of 45,624 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Barclays upped their target price on 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 Analysis on National Energy Services Reunited
National Energy Services Reunited Trading Down 0.2%
The company has a 50 day simple moving average of $6.45 and a 200 day simple moving average of $7.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10. The company has a market capitalization of $601.87 million, a PE ratio of 7.80 and a beta of 0.42.
National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $0.30 EPS for the quarter, meeting analysts' consensus estimates of $0.30. The business had revenue of $343.68 million during the quarter, compared to analyst estimates of $339.84 million. Analysts anticipate that National Energy Services Reunited Corp. will post 1.03 earnings per share for the current year.
Institutional Trading of National Energy Services Reunited
A number of hedge funds and other institutional investors have recently made changes to their positions in NESR. R Squared Ltd purchased a new position in shares of National Energy Services Reunited during the fourth quarter worth about $41,000. Iridian Asset Management LLC CT acquired a new position in National Energy Services Reunited during the 4th quarter worth approximately $1,378,000. Tejara Capital Ltd acquired a new position in National Energy Services Reunited during the 4th quarter worth approximately $3,600,000. Sei Investments Co. acquired a new position in National Energy Services Reunited during the 4th quarter worth approximately $328,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of National Energy Services Reunited in the 4th quarter worth approximately $394,000. Institutional investors and hedge funds own 15.55% of the company's stock.
National Energy Services Reunited Company Profile
(
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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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