National Energy Services Reunited (NASDAQ:NESR) Trading 8.5% Higher - Should You Buy?

National Energy Services Reunited (NASDAQ:NESR - Get Free Report)'s share price traded up 8.5% on Tuesday . The company traded as high as $6.76 and last traded at $6.76. 262,595 shares changed hands during trading, a decline of 3% from the average session volume of 269,334 shares. The stock had previously closed at $6.23.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. 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 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

National Energy Services Reunited Stock Performance

The business has a fifty day simple moving average of $6.19 and a two-hundred day simple moving average of $7.39. The company has a market cap of $613.90 million, a P/E ratio of 7.86 and a beta of 0.36. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.26.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last announced its 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 company had revenue of $303.10 million during the quarter, compared to analysts' expectations of $304.68 million. National Energy Services Reunited had a return on equity of 10.96% and a net margin of 5.87%. On average, sell-side analysts anticipate 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 large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new stake in National Energy Services Reunited in the 4th quarter valued at about $49,000. Acadian Asset Management LLC acquired a new stake in National Energy Services Reunited during the 1st quarter worth $48,000. National Bank of Canada FI purchased a new stake in National Energy Services Reunited in the 4th quarter valued at approximately $74,000. TD Waterhouse Canada Inc. purchased a new stake in National Energy Services Reunited during the fourth quarter worth about $89,000. Finally, Robotti Robert purchased a new position in National Energy Services Reunited during the 4th quarter valued at about $90,000. Institutional investors and hedge funds own 15.55% of the company's stock.

About National Energy Services Reunited

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.