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NASDAQ:NESR

National Energy Services Reunited - NESR Stock Forecast, Price & News

$7.19
-0.19 (-2.57%)
(As of 02/2/2023 12:00 AM ET)
Add
Compare
Today's Range
$7.13
$7.32
50-Day Range
$5.86
$7.64
52-Week Range
$5.64
$10.92
Volume
198,356 shs
Average Volume
174,234 shs
Market Capitalization
$653.21 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.67

National Energy Services Reunited MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
48.4% Upside
$10.67 Price Target
Short Interest
Bearish
2.21% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
97.56%
From $0.41 to $0.81 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Oils/Energy Sector

150th out of 241 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

13th out of 20 stocks


NESR stock logo

About National Energy Services Reunited (NASDAQ:NESR) Stock

National Energy Services Reunited Corp. is a holding company, which engages in the provision of oilfield services. It operates through the following segments: Production Services and Drilling & Evaluation Services. The Production Services segment includes coiled tubing, cementing, stimulation and pumping, nitrogen services, filtration services, completions, pipelines, laboratory services, and artificial lift services. The Drilling and Evaluation Services segment offers well testing services, drilling services and rental, fishing and remediation, drilling and workover rigs, wireline logging services, turbines drilling, directional drilling, slickline services, and drilling fluids. The company was founded on January 23, 2017 and is headquartered in Houston, TX.

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NESR Stock News Headlines

Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
National Energy Services Reunited
NESR National Energy Services Reunited Corp.
NESR Agrees To Acquire Stake In WDVG
ADNOC Awards Cementing Services To NESR
See More Headlines
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NESR Company Calendar

Last Earnings
11/02/2021
Today
2/02/2023
Next Earnings (Estimated)
4/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:NESR
Fax
N/A
Employees
5,581
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.67
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+48.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$834.15 million
Cash Flow
$1.94 per share

Miscellaneous

Free Float
80,314,000
Market Cap
$653.21 million
Optionable
Not Optionable
Beta
0.86

Key Executives

  • Sherif FodaSherif Foda
    Executive Chairman & Chief Executive Officer
  • Salih Merghani
    Vice President-Operations
  • Stefan Angeli
    Chief Financial Officer
  • Dhiraj Dudeja
    Chief Commercial Officer
  • Haya Kablawi
    Director-Internal Audit













NESR Stock - Frequently Asked Questions

Should I buy or sell National Energy Services Reunited stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for National Energy Services Reunited in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NESR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NESR, but not buy additional shares or sell existing shares.
View NESR analyst ratings
or view top-rated stocks.

What is National Energy Services Reunited's stock price forecast for 2023?

3 analysts have issued twelve-month price targets for National Energy Services Reunited's stock. Their NESR share price forecasts range from $10.00 to $11.00. On average, they anticipate the company's share price to reach $10.67 in the next twelve months. This suggests a possible upside of 44.5% from the stock's current price.
View analysts price targets for NESR
or view top-rated stocks among Wall Street analysts.

How have NESR shares performed in 2023?

National Energy Services Reunited's stock was trading at $6.94 on January 1st, 2023. Since then, NESR shares have increased by 6.3% and is now trading at $7.38.
View the best growth stocks for 2023 here
.

When is National Energy Services Reunited's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our NESR earnings forecast
.

How were National Energy Services Reunited's earnings last quarter?

National Energy Services Reunited Corp. (NASDAQ:NESR) announced its quarterly earnings results on Tuesday, November, 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $217.99 million for the quarter, compared to the consensus estimate of $225.94 million. During the same period last year, the firm posted $0.16 EPS.

What other stocks do shareholders of National Energy Services Reunited own?

Based on aggregate information from My MarketBeat watchlists, some companies that other National Energy Services Reunited investors own include Advanced Micro Devices (AMD), Ampio Pharmaceuticals (AMPE), Apollo Global Management (APO), Alliance Resource Partners (ARLP), Golden Minerals (AUMN), Eastman Chemical (EMN), General Mills (GIS), Pfizer (PFE) and Primo Water (PRMW).

What is National Energy Services Reunited's stock symbol?

National Energy Services Reunited trades on the NASDAQ under the ticker symbol "NESR."

Who are National Energy Services Reunited's major shareholders?

National Energy Services Reunited's stock is owned by many different institutional and retail investors. Top institutional investors include Rice Hall James & Associates LLC (0.36%), National Bank of Canada FI (0.04%), Sequoia Financial Advisors LLC (0.01%) and Signaturefd LLC (0.01%).
View institutional ownership trends
.

How do I buy shares of National Energy Services Reunited?

Shares of NESR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is National Energy Services Reunited's stock price today?

One share of NESR stock can currently be purchased for approximately $7.38.

How much money does National Energy Services Reunited make?

National Energy Services Reunited (NASDAQ:NESR) has a market capitalization of $670.47 million and generates $834.15 million in revenue each year.

How many employees does National Energy Services Reunited have?

The company employs 5,581 workers across the globe.

How can I contact National Energy Services Reunited?

National Energy Services Reunited's mailing address is 777 Post Oak Blvd. Suite 730, Houston TX, 77056. The official website for the company is www.nesr.com. The company can be reached via phone at (832) 925-3777 or via email at investors@nesr.com.

This page (NASDAQ:NESR) was last updated on 2/2/2023 by MarketBeat.com Staff