Penn Capital Management Company LLC Takes Position in National Energy Services Reunited Corp. (NASDAQ:NESR)

Penn Capital Management Company LLC acquired a new stake in National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 41,354 shares of the company's stock, valued at approximately $371,000.

A number of other hedge funds have also recently added to or reduced their stakes in NESR. R Squared Ltd bought a new position in shares of National Energy Services Reunited in the 4th quarter valued at $41,000. Tower Research Capital LLC TRC bought a new position in National Energy Services Reunited in the fourth quarter valued at about $49,000. National Bank of Canada FI acquired a new stake in shares of National Energy Services Reunited during the fourth quarter valued at about $74,000. TD Waterhouse Canada Inc. bought a new stake in shares of National Energy Services Reunited during the fourth quarter worth about $89,000. Finally, Robotti Robert acquired a new position in shares of National Energy Services Reunited in the fourth quarter valued at approximately $90,000. Institutional investors and hedge funds own 15.55% of the company's stock.

National Energy Services Reunited Trading Down 4.2 %

NASDAQ:NESR traded down $0.27 on Wednesday, reaching $6.13. 98,161 shares of the stock traded hands, compared to its average volume of 146,312. 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 Corp. has a 1-year low of $5.20 and a 1-year high of $10.30. The company's 50 day moving average is $7.23 and its 200-day moving average is $8.36. The firm has a market capitalization of $588.76 million, a price-to-earnings ratio of 7.66 and a beta of 0.35.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $343.68 million for the quarter, compared to analyst estimates of $339.84 million. Equities research analysts anticipate that National Energy Services Reunited Corp. will post 1.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NESR shares. Barclays lifted their target price on shares of National Energy Services Reunited from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Benchmark assumed coverage on shares of National Energy Services Reunited in a report on Tuesday, January 21st. They set a "buy" rating and a $15.00 price target on the 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.