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

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) will likely be announcing its Q1 2025 earnings results before the market opens on Wednesday, June 11th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.

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 company had revenue of $303.10 million during the quarter, compared to analyst estimates 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 Price Performance

National Energy Services Reunited stock traded up $0.31 during midday trading on Friday, hitting $5.85. 581,440 shares of the company's stock were exchanged, compared to its average volume of 184,902. National Energy Services Reunited has a 52-week low of $5.20 and a 52-week high of $9.89. The stock has a 50-day moving average price of $6.20 and a two-hundred day moving average price of $7.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10. The company has a market cap of $564.25 million, a P/E ratio of 7.22 and a beta of 0.39.

Institutional Investors Weigh In On National Energy Services Reunited

A number of hedge funds and other institutional investors have recently modified their holdings of NESR. Acadian Asset Management LLC bought a new stake in shares of National Energy Services Reunited in the 1st quarter valued at about $48,000. Jane Street Group LLC bought a new stake in shares of National Energy Services Reunited in the 1st quarter valued at about $1,425,000. Finally, Millennium Management LLC lifted its stake 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 during the last quarter. Institutional investors own 15.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NESR shares. Wall Street Zen upgraded National Energy Services Reunited from a "hold" rating to a "buy" rating in a research report on Saturday. Barclays upped their price objective 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, According to data from MarketBeat.com, National Energy Services Reunited presently has a consensus rating of "Buy" and an average target price of $15.00.

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.