National Energy Services Reunited (NASDAQ:NESR) Stock Rating Upgraded by Wall Street Zen

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Separately, Barclays upped their target price 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $15.00.

National Energy Services Reunited Stock Up 5.6%

NASDAQ:NESR opened at $5.85 on Friday. The firm has a market capitalization of $564.25 million, a PE ratio of 7.31 and a beta of 0.42. The stock has a 50 day moving average of $6.20 and a 200-day moving average of $7.81. National Energy Services Reunited has a 52 week low of $5.20 and a 52 week high of $9.89. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $303.10 million during the quarter, compared to the consensus estimate of $304.68 million. Analysts predict that National Energy Services Reunited will post 1.03 EPS for the current year.

Hedge Funds Weigh In On National Energy Services Reunited

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Encompass Capital Advisors LLC bought a new position in National Energy Services Reunited in the 4th quarter worth approximately $79,108,000. SCF Partners Inc. bought a new position in National Energy Services Reunited in the 4th quarter worth approximately $71,605,000. Fort Baker Capital Management LP bought a new position in National Energy Services Reunited in the 4th quarter worth approximately $27,670,000. Balyasny Asset Management L.P. bought a new position in National Energy Services Reunited in the 4th quarter worth approximately $20,330,000. Finally, GeoSphere Capital Management LLC bought a new position in National Energy Services Reunited in the 4th quarter worth approximately $10,443,000. 15.55% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.