National Energy Services Reunited (NASDAQ:NESR) Upgraded to "Buy" at Wall Street Zen

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

Separately, Barclays increased 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $15.00.

National Energy Services Reunited Stock Down 0.5%

Shares of NASDAQ NESR traded down $0.03 during mid-day trading on Friday, reaching $6.08. 423,564 shares of the company's stock were exchanged, compared to its average volume of 188,491. The firm has a market capitalization of $586.43 million, a price-to-earnings ratio of 7.51 and a beta of 0.39. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $6.15 and a 200 day simple moving average of $7.77. National Energy Services Reunited has a twelve month low of $5.20 and a twelve month high of $9.89.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates 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. As a group, equities analysts expect that National Energy Services Reunited will post 1.03 EPS for the current fiscal year.

Hedge Funds Weigh In On National Energy Services Reunited

A number of large investors have recently added to or reduced their stakes in NESR. Acadian Asset Management LLC bought a new position in shares of National Energy Services Reunited in the 1st quarter valued at about $48,000. Bluefin Capital Management LLC bought a new position in shares of National Energy Services Reunited in the 1st quarter valued at about $137,000. Jane Street Group LLC bought a new position in shares of National Energy Services Reunited in the 1st quarter valued at about $1,425,000. Millennium Management LLC grew its holdings in shares of National Energy Services Reunited by 38.2% in the 1st quarter. Millennium Management LLC now owns 542,135 shares of the company's stock valued at $3,990,000 after acquiring an additional 149,796 shares in the last quarter. Finally, Interval Partners LP bought a new position in shares of National Energy Services Reunited in the 1st quarter valued at about $585,000. Institutional investors own 15.55% of the company's stock.

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.