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National Energy Services Reunited Stock Price, Forecast & Analysis (NASDAQ:NESR)

$7.60
-0.10 (-1.30 %)
(As of 11/15/2019 03:14 AM ET)
Today's Range
$7.58
Now: $7.60
$7.78
50-Day Range
$6.00
MA: $6.73
$7.68
52-Week Range
$5.93
Now: $7.60
$10.80
Volume141,500 shs
Average Volume167,490 shs
Market Capitalization$662.32 million
P/E RatioN/A
Dividend YieldN/A
Beta0.62
National Energy Services Reunited Corp., through its subsidiaries, provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through Production Services, and Drilling and Evaluation Services segments. The Production Services segment offers coiled tubing services, such as nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; primary and remedial cementing services; stimulation and pumping services; nitrogen services; and filtration services, as well as frac tanks and pumping units. This segment also provides artificial lift services; laboratory services; and surface and subsurface safety systems, high-pressure packer systems, flow controls, service tools, expandable liner technology, vacuum insulated tubing technology, and engineering capabilities with manufacturing capacity and testing facilities. In addition, the Production Services segment offers pipeline 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; and production assurance chemicals. Its Drilling and Evaluation Services segment provides fishing and remedial solutions, rig services, and well testing services to measure solids, gas, and oil and water produced from a well; wireline logging services; drilling and workover rigs; turbines and directional drilling; drilling fluid systems and related technologies; slickline services for removal of scale, wax and sand build-up, setting plugs, changing out gas lift valves, and fishing and other well applications; and rents drilling tools, as well as sources, treats, and disposes water for oil and gas, municipal, and industrial use. National Energy Services Reunited Corp. was founded in 2017 and is headquartered in Houston, Texas.

Industry, Sector and Symbol

Industry Oil & gas field services, not elsewhere classified
Sub-IndustryN/A
SectorUnclassified
Current SymbolNASDAQ:NESR
CUSIPN/A
Phone832-925-3777

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$485.62 million
Cash Flow$1.22 per share
Book Value$10.11 per share

Profitability

Net Income$42.76 million

Miscellaneous

Employees3,590
Market Cap$662.32 million
Next Earnings Date2/5/2020 (Estimated)
OptionableNot Optionable

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National Energy Services Reunited (NASDAQ:NESR) Frequently Asked Questions

What is National Energy Services Reunited's stock symbol?

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

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

National Energy Services Reunited Corp (NASDAQ:NESR) released its quarterly earnings data on Wednesday, November, 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.02. The business earned $161.61 million during the quarter, compared to analyst estimates of $160.69 million. National Energy Services Reunited had a net margin of 9.25% and a return on equity of 7.98%. View National Energy Services Reunited's Earnings History.

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

National Energy Services Reunited is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for National Energy Services Reunited.

What price target have analysts set for NESR?

3 Wall Street analysts have issued 12 month price targets for National Energy Services Reunited's stock. Their forecasts range from $13.00 to $17.00. On average, they anticipate National Energy Services Reunited's share price to reach $15.00 in the next year. This suggests a possible upside of 97.4% from the stock's current price. View Analyst Price Targets for National Energy Services Reunited.

What is the consensus analysts' recommendation for National Energy Services Reunited?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for National Energy Services Reunited in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for National Energy Services Reunited.

What are Wall Street analysts saying about National Energy Services Reunited stock?

Here are some recent quotes from research analysts about National Energy Services Reunited stock:
  • 1. According to Zacks Investment Research, "Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 3,200 employees, representing more than 40 nationalities in over 14 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation and Fracturing, and Nitrogen Services. The Company also helps its customers to access the reservoirs in a smarter and faster manner by providing Drilling and Evaluation services like Drilling Downhole Tools, Directional Drilling Fishing Tools, Testing Services, Wireline, Slickline, Fluids and Rig Services. " (8/16/2019)
  • 2. Evercore ISI analysts commented, "We’ve been saying for nearly a year now that the company has a competitive advantage in a region that is set to grow energy spending over the next few years which in most normal environments would yield a stock that has demonstrated some measure of capital appreciation. Unfortunately the shares have been relatively range-bound since we initiated on the company last year and the market yawned last week when NESR announced a gigantic $660M contract with Saudi Aramco that will span the next five years (plus a two-year option). While our fundamental outlook for the company is unchanged following today’s print, we’re going to frame the value potential inherent in our outer-year forecasts while trying to make sense of the depressed valuation multiples." (8/8/2019)

Has National Energy Services Reunited been receiving favorable news coverage?

Media coverage about NESR stock has been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. National Energy Services Reunited earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for National Energy Services Reunited.

Are investors shorting National Energy Services Reunited?

National Energy Services Reunited saw a increase in short interest in October. As of October 31st, there was short interest totalling 1,550,000 shares, an increase of 7.6% from the September 30th total of 1,440,000 shares. Based on an average trading volume of 217,700 shares, the short-interest ratio is currently 7.1 days. Approximately 3.6% of the company's stock are short sold. View National Energy Services Reunited's Current Options Chain.

Who are some of National Energy Services Reunited's key competitors?

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 American Airlines Group (AAL), Adamis Pharmaceuticals (ADMP), Adamas Pharmaceuticals (ADMS), Alliance Resource Partners (ARLP), FireEye (FEYE), Regeneron Pharmaceuticals (REGN), Resonant (RESN), Regenxbio (RGNX), SMTC (SMTX) and Alliance Data Systems (ADS).

Who are National Energy Services Reunited's key executives?

National Energy Services Reunited's management team includes the folowing people:
  • Mr. Sherif Foda, Exec. Chairman & CEO (Age 50)
  • Mr. Nadhmi A. Al-Nasr, Independent Director (Age 63)
  • Ms. Melissa Cougle, Chief Financial Officer (Age 42)
  • Mr. Thomas D. Wood, Director (Age 62)
  • Mr. Dhiraj Dudeja, VP & Head of Commercial

Who are National Energy Services Reunited's major shareholders?

National Energy Services Reunited's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Picton Mahoney Asset Management (0.30%), Rhumbline Advisers (0.03%), Russell Investments Group Ltd. (0.01%) and Tower Research Capital LLC TRC (0.01%). View Institutional Ownership Trends for National Energy Services Reunited.

Which major investors are selling National Energy Services Reunited stock?

NESR stock was sold by a variety of institutional investors in the last quarter, including Picton Mahoney Asset Management. View Insider Buying and Selling for National Energy Services Reunited.

Which major investors are buying National Energy Services Reunited stock?

NESR stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Rhumbline Advisers and Tower Research Capital LLC TRC . View Insider Buying and Selling for National Energy Services Reunited.

How do I buy shares of National Energy Services Reunited?

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

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

One share of NESR stock can currently be purchased for approximately $7.60.

How big of a company is National Energy Services Reunited?

National Energy Services Reunited has a market capitalization of $662.32 million and generates $485.62 million in revenue each year. National Energy Services Reunited employs 3,590 workers across the globe.View Additional Information About National Energy Services Reunited.

What is National Energy Services Reunited's official website?

The official website for National Energy Services Reunited is http://www.nesr.com/.

How can I contact National Energy Services Reunited?

National Energy Services Reunited's mailing address is 777 Post Oak Blvd. 7th Floor Suite 730, Houston TX, 77056. The company can be reached via phone at 832-925-3777 or via email at [email protected]


MarketBeat Community Rating for National Energy Services Reunited (NASDAQ NESR)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  115 (Vote Outperform)
Underperform Votes:  150 (Vote Underperform)
Total Votes:  265
MarketBeat's community ratings are surveys of what our community members think about National Energy Services Reunited and other stocks. Vote "Outperform" if you believe NESR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NESR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/15/2019 by MarketBeat.com Staff

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