National Energy Services Reunited (NASDAQ:NESR) Stock Price Expected to Rise, BTIG Research Analyst Says

Key Points

• BTIG Research raised NESR’s price target from $32 to $40 and maintained a “buy” rating, implying 11.23% upside from the current price. Analysts overall have an average “Buy” rating, with a consensus target of $30.86.
• Shares surged 23.9% to $35.96, reaching a new 52-week high after the company reported quarterly EPS of $0.44 versus the $0.35 consensus and revenue of $520.75 million versus $448.54 million expected.
• Quarterly revenue rose 59.1% year over year, while the company generated $174 million in operating cash flow and $99.9 million in free cash flow. However, insiders sold more than 5.1 million shares worth approximately $135.7 million over the past three months.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) had its target price hoisted by stock analysts at BTIG Research from $32.00 to $40.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. BTIG Research's price target indicates a potential upside of 11.23% from the stock's current price.

A number of other research analysts have also recently issued reports on the company. Barclays raised their price objective on National Energy Services Reunited from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Wednesday, May 13th. UBS Group increased their target price on National Energy Services Reunited from $32.00 to $36.00 and gave the company a "buy" rating in a report on Tuesday, June 30th. Zacks Research raised shares of National Energy Services Reunited from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 29th. Weiss Ratings cut shares of National Energy Services Reunited from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, July 29th. Finally, Piper Sandler increased their target price on shares of National Energy Services Reunited from $33.00 to $35.00 and gave the stock an "overweight" rating in a report on Tuesday, July 14th. One equities 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. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $30.86.

National Energy Services Reunited Trading Up 23.9%

Shares of NESR traded up $6.94 during mid-day trading on Monday, reaching $35.96. The company's stock had a trading volume of 4,897,069 shares, compared to its average volume of 1,995,725. The stock has a market cap of $3.63 billion, a PE ratio of 55.46, a P/E/G ratio of 0.34 and a beta of 0.33. The company has a current ratio of 1.04, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. National Energy Services Reunited has a 52 week low of $6.66 and a 52 week high of $35.96. The company's fifty day moving average price is $26.79 and its two-hundred day moving average price is $24.21.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.35 by $0.09. The company had revenue of $520.75 million for the quarter, compared to analyst estimates of $448.54 million. National Energy Services Reunited had a net margin of 4.53% and a return on equity of 9.77%. The business's quarterly revenue was up 59.1% on a year-over-year basis. On average, analysts predict that National Energy Services Reunited will post 1.74 earnings per share for the current fiscal year.

Insider Activity at National Energy Services Reunited

In related news, Director Yousif Mohammed Ali Al-Nowais sold 1,919,594 shares of the company's stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $26.80, for a total value of $51,445,119.20. Following the sale, the director directly owned 229,198 shares of the company's stock, valued at $6,142,506.40. This represents a 89.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 5,129,198 shares of company stock valued at $135,731,984. Company insiders own 9.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NESR. Royal Bank of Canada increased its stake in shares of National Energy Services Reunited by 373.8% during the fourth 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 in the last quarter. Legal & General Group Plc purchased a new stake in National Energy Services Reunited during the second quarter valued at $34,000. USA Financial Formulas boosted its position in National Energy Services Reunited by 63.0% in the first quarter. USA Financial Formulas now owns 2,253 shares of the company's stock worth $48,000 after purchasing an additional 871 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of National Energy Services Reunited during the 1st quarter valued at about $48,000. Finally, Osaic Holdings Inc. bought a new position in shares of National Energy Services Reunited in the 2nd quarter worth approximately $73,000. 15.55% of the stock is currently owned by institutional investors.

National Energy Services Reunited News Summary

Here are the key news stories impacting National Energy Services Reunited this week:

• Positive Sentiment: Earnings and revenue beat expectations: Adjusted EPS was $0.44, exceeding the $0.35 analyst consensus, while revenue reached approximately $520.8 million versus expectations of $448.5 million. National Energy Services Reunited Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Strong year-over-year growth: Revenue increased 59.1% from the prior-year quarter, while net income rose to $44.0 million from $15.2 million. Diluted EPS increased from $0.16 to $0.43, and adjusted EBITDA climbed 50.5% to $106.2 million. NESR Q2 Revenue Rises 59 Percent
• Positive Sentiment: Healthy cash generation: Operating cash flow totaled $174.0 million and free cash flow reached $99.9 million during the quarter, providing support for investment and balance-sheet management. National Energy Services Reunited Reports Second Quarter Financial Results
• Neutral Sentiment: Balance-sheet details: NESR ended the quarter with $175.0 million in cash and $274.6 million in total debt. The company also reviewed the results during its second-quarter earnings call. NESR Q2 2026 Earnings Call Transcript

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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