Yousif Mohammed Ali Al-Nowais Sells 242,497 Shares of National Energy Services Reunited (NASDAQ:NESR) Stock

Key Points

• Director Yousif Mohammed Ali Al-Nowais sold shares repeatedly of National Energy Services Reunited, including a 242,497-share sale on May 22 for about $6.34 million. The article notes several additional sales in mid-to-late May, reducing his position by 5.7% in that transaction alone.
• NESR recently reported stronger-than-expected quarterly results, posting EPS of $0.26 versus the $0.21 estimate and revenue of $404.59 million versus expectations of $370.87 million. Revenue also rose 33.5% year over year.
• Analysts remain generally positive on the stock, with seven Buy ratings and an average “Moderate Buy” consensus target of $28.86. Shares were trading near $25.24, below the average target but close to the 52-week high of $27.25.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) Director Yousif Mohammed Ali Al-Nowais sold 242,497 shares of the business's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $26.14, for a total value of $6,338,871.58. Following the completion of the transaction, the director owned 4,013,359 shares in the company, valued at $104,909,204.26. This trade represents a 5.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Yousif Mohammed Ali Al-Nowais also recently made the following trade(s):

• On Tuesday, May 26th, Yousif Mohammed Ali Al-Nowais sold 457,391 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.12, for a total value of $11,947,052.92.
• On Wednesday, May 20th, Yousif Mohammed Ali Al-Nowais sold 573,544 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.14, for a total value of $14,992,440.16.
• On Tuesday, May 19th, Yousif Mohammed Ali Al-Nowais sold 3,500 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.13, for a total value of $91,455.00.
• On Monday, May 18th, Yousif Mohammed Ali Al-Nowais sold 220,568 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.06, for a total value of $5,748,002.08.
• On Thursday, May 14th, Yousif Mohammed Ali Al-Nowais sold 81,302 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.35, for a total value of $2,142,307.70.
• On Wednesday, May 13th, Yousif Mohammed Ali Al-Nowais sold 223,626 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.85, for a total value of $6,004,358.10.

National Energy Services Reunited Stock Performance

NASDAQ NESR traded down $0.65 on Wednesday, hitting $25.24. 1,253,212 shares of the company's stock were exchanged, compared to its average volume of 1,934,346. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.04 and a quick ratio of 0.90. The firm's 50-day moving average price is $23.68 and its two-hundred day moving average price is $19.96. National Energy Services Reunited has a fifty-two week low of $5.47 and a fifty-two week high of $27.25. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 38.83, a P/E/G ratio of 0.34 and a beta of 0.38.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last released its earnings results on Monday, May 11th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. National Energy Services Reunited had a return on equity of 9.77% and a net margin of 4.53%.The company had revenue of $404.59 million for the quarter, compared to analysts' expectations of $370.87 million. The business's revenue was up 33.5% compared to the same quarter last year. On average, research analysts expect that National Energy Services Reunited will post 1.64 EPS for the current year.

Institutional Investors Weigh In On National Energy Services Reunited

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in National Energy Services Reunited by 373.8% in the 4th quarter. Royal Bank of Canada now owns 1,900 shares of the company's stock valued at $30,000 after buying an additional 1,499 shares in the last quarter. Legal & General Group Plc purchased a new stake in National Energy Services Reunited in the 2nd quarter valued at approximately $34,000. Acadian Asset Management LLC purchased a new stake in National Energy Services Reunited in the 1st quarter valued at approximately $48,000. Osaic Holdings Inc. purchased a new stake in National Energy Services Reunited in the 2nd quarter valued at approximately $73,000. Finally, State of Wyoming purchased a new position in shares of National Energy Services Reunited during the 4th quarter worth $76,000. Hedge funds and other institutional investors own 15.55% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on NESR. Wall Street Zen upgraded National Energy Services Reunited from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 16th. Barclays boosted their price target on National Energy Services Reunited from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 13th. Piper Sandler boosted their price target on National Energy Services Reunited from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, May 18th. Zacks Research lowered National Energy Services Reunited from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Finally, BTIG Research boosted their price target on National Energy Services Reunited from $28.00 to $32.00 and gave the stock a "buy" rating in a research note on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, National Energy Services Reunited presently has an average rating of "Moderate Buy" and an average target price of $28.86.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp NASDAQ: NESR is a publicly traded oilfield services company formed in 2021 through a business combination that brought together complementary drilling and production service providers. The company's mission is to deliver integrated solutions across the upstream oil and gas value chain, combining regional expertise with global operational standards.

NESR's service portfolio spans drilling, completion and production, offering products and capabilities such as cementing, coiled tubing, hydraulic fracturing, well stimulation, pumping services and intervention solutions.

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