National Energy Services Reunited (NASDAQ:NESR) Shares Down 6.7% - Time to Sell?

National Energy Services Reunited (NASDAQ:NESR - Get Free Report)'s stock price was down 6.7% during mid-day trading on Monday . The company traded as low as $5.77 and last traded at $5.78. Approximately 238,282 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 203,620 shares. The stock had previously closed at $6.19.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NESR shares. Wall Street Zen downgraded National Energy Services Reunited from a "buy" rating to a "hold" rating in a research note on Sunday, June 15th. Barclays boosted their price objective on National Energy Services Reunited from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

National Energy Services Reunited Stock Down 7.6%

The firm has a market capitalization of $551.69 million, a PE ratio of 7.06 and a beta of 0.39. The company has a fifty day simple moving average of $6.18 and a two-hundred day simple moving average of $7.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 1.10.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.06). National Energy Services Reunited had a net margin of 5.87% and a return on equity of 10.96%. The company had revenue of $303.10 million for the quarter, compared to the consensus estimate of $304.68 million. Analysts forecast that National Energy Services Reunited will post 1.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in National Energy Services Reunited in the fourth quarter valued at $49,000. Acadian Asset Management LLC acquired a new stake in shares of National Energy Services Reunited in the 1st quarter valued at about $48,000. National Bank of Canada FI acquired a new stake in shares of National Energy Services Reunited in the 4th quarter valued at about $74,000. TD Waterhouse Canada Inc. acquired a new stake in shares of National Energy Services Reunited in the 4th quarter valued at about $89,000. Finally, Robotti Robert purchased a new stake in National Energy Services Reunited during the 4th quarter valued at approximately $90,000. 15.55% of the stock is currently owned by hedge funds and other institutional investors.

National Energy Services Reunited Company Profile

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.