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NASDAQ:NESRNational Energy Services Reunited Stock Price, Forecast & News

$6.42
+0.18 (+2.88 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$6.07
Now: $6.42▼
$6.49
50-Day Range
$5.29
MA: $6.12▼
$7.08
52-Week Range
$4.04
Now: $6.42▼
$9.53
Volume196,100 shs
Average Volume211,648 shs
Market Capitalization$559.76 million
P/E Ratio14.93
Dividend YieldN/A
Beta0.85
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.
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Beat the Market (BTM) Rank™

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.79 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Oil & gas field services, not elsewhere classified
Sub-IndustryN/A
SectorUnclassified
Current SymbolNASDAQ:NESR
Previous Symbol
CUSIPN/A
CIK1698514
Webwww.nesr.com
Phone832-925-3777

Debt

Debt-to-Equity Ratio0.36
Current Ratio1.71
Quick Ratio1.36

Price-To-Earnings

Trailing P/E Ratio14.93
Forward P/E Ratio13.66
P/E GrowthN/A

Sales & Book Value

Annual Sales$658.39 million
Price / Sales0.85
Cash Flow$1.75 per share
Price / Cash Flow3.67
Book Value$10.17 per share
Price / Book0.63

Profitability

EPS (Most Recent Fiscal Year)$0.74
Net Income$39.36 million
Net Margins5.32%
Return on Equity7.31%
Return on Assets4.32%

Miscellaneous

Employees4,536
Outstanding Shares87,190,000
Market Cap$559.76 million
Next Earnings Date8/5/2020 (Estimated)
OptionableNot Optionable
NASDAQ:NESR Rates by TradingView

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

How has National Energy Services Reunited's stock been impacted by COVID-19 (Coronavirus)?

National Energy Services Reunited's stock was trading at $6.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NESR shares have decreased by 1.4% and is now trading at $6.42. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

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

National Energy Services Reunited is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for National Energy Services Reunited.

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

National Energy Services Reunited Corp (NASDAQ:NESR) announced its quarterly earnings results on Wednesday, May, 6th. The company reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. The firm had revenue of $199.30 million for the quarter, compared to analyst estimates of $181.71 million. National Energy Services Reunited had a net margin of 5.32% and a return on equity of 7.31%. View National Energy Services Reunited's earnings history.

What price target have analysts set for NESR?

3 brokerages have issued 1 year target prices for National Energy Services Reunited's shares. Their forecasts range from $13.00 to $18.00. On average, they expect National Energy Services Reunited's share price to reach $16.00 in the next twelve months. This suggests a possible upside of 149.2% from the stock's current price. View analysts' price targets 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. " (7/2/2020)
  • 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?

Headlines about NESR stock have been trending very negative on Monday, according to InfoTrie. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. National Energy Services Reunited earned a coverage optimism score of -3.2 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about National Energy Services Reunited.

Are investors shorting National Energy Services Reunited?

National Energy Services Reunited saw a increase in short interest in June. As of June 30th, there was short interest totaling 2,380,000 shares, an increase of 8.2% from the June 15th total of 2,200,000 shares. Based on an average daily trading volume, of 204,400 shares, the days-to-cover ratio is presently 11.6 days. Currently, 4.2% of the company's stock are sold short. 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 Main Street Capital (MAIN), AbbVie (ABBV), Amplify Energy (AMPY), Amplify Energy (AMPY), Apollo Global Management (APO), Algonquin Power & Utilities (AQN), Alliance Resource Partners (ARLP), Golden Minerals (AUMN), Alibaba Group (BABA) and BCE (BCE).

Who are National Energy Services Reunited's key executives?

National Energy Services Reunited's management team includes the following 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

What is National Energy Services Reunited's stock symbol?

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

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 $6.42.

How big of a company is National Energy Services Reunited?

National Energy Services Reunited has a market capitalization of $559.76 million and generates $658.39 million in revenue each year. The company earns $39.36 million in net income (profit) each year or $0.74 on an earnings per share basis. National Energy Services Reunited employs 4,536 workers across the globe.

What is National Energy Services Reunited's official website?

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

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 company can be reached via phone at 832-925-3777 or via email at [email protected]

This page was last updated on 7/13/2020 by MarketBeat.com Staff
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