National Energy Services Reunited (NESR) Expected to Announce Quarterly Earnings on Wednesday

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) is anticipated to release its Q1 2025 earnings data before the market opens on Wednesday, June 11th. Analysts expect National Energy Services Reunited to post earnings of $0.20 per share for the quarter.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last released its earnings results 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). The firm had revenue of $303.10 million during the quarter, compared to the consensus estimate of $304.68 million. On average, analysts expect National Energy Services Reunited to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

National Energy Services Reunited Trading Down 1.2%

Shares of NASDAQ:NESR traded down $0.07 during trading on Thursday, reaching $5.54. 1,001,394 shares of the company traded hands, compared to its average volume of 182,032. 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 has a 52-week low of $5.20 and a 52-week high of $9.89. The business's fifty day moving average is $6.27 and its 200-day moving average is $7.85. The firm has a market capitalization of $534.35 million, a price-to-earnings ratio of 6.93 and a beta of 0.42.

Wall Street Analyst Weigh In

Separately, Barclays upped 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.

Institutional Investors Weigh In On National Energy Services Reunited

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new position in shares of National Energy Services Reunited during the 1st quarter valued at about $48,000. Jane Street Group LLC purchased a new stake in shares of National Energy Services Reunited in the first quarter worth about $1,425,000. Finally, Millennium Management LLC boosted its stake in National Energy Services Reunited by 38.2% during the first quarter. Millennium Management LLC now owns 542,135 shares of the company's stock valued at $3,990,000 after buying an additional 149,796 shares during the last quarter. Hedge funds and other 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.