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NASDAQ:NESR

National Energy Services Reunited Stock Forecast, Price & News

$8.86
-0.16 (-1.77 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$8.66
Now: $8.86
$9.00
50-Day Range
$6.59
MA: $7.65
$9.07
52-Week Range
$4.04
Now: $8.86
$9.53
Volume29,780 shs
Average Volume207,709 shs
Market Capitalization$772.48 million
P/E Ratio21.10
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 two segments: Production Services; and Drilling and Evaluation Services. The Production Services segment offers coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; hydraulic fracturing services; stimulation and pumping services; nitrogen services; 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 primary and remedial cementing services. This segment also provides laboratory services; filtration services, as well as frac tanks and pumping units; artificial lift services; production assurance chemicals; 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, as well as sources, treats, and disposes water for oil and gas, municipal, and industrial use. Its Drilling and Evaluation Services segment provides drilling and workover rigs; rig services; fishing and remedial solutions; directional and turbines drilling services; drilling fluid systems and related technologies; wireline logging services; 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 well testing services to measure solids, gas, and oil and water produced from a well, as well as rents drilling tools. 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: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.77 out of 5 stars


Industry, Sector and Symbol

Industry Oil & gas field services, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:NESR
CUSIPN/A
Phone832-925-3777
Employees5,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$658.39 million
Cash Flow$2.24 per share
Book Value$10.62 per share

Profitability

Net Income$39.36 million

Miscellaneous

Market Cap$772.48 million
Next Earnings Date2/24/2021 (Estimated)
OptionableNot Optionable
$8.86
-0.16 (-1.77 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

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

National Energy Services Reunited's stock was trading at $6.51 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NESR shares have increased by 36.1% and is now trading at $8.86.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of National Energy Services Reunited?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for National Energy Services Reunited in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for National Energy Services Reunited
.

What stocks does MarketBeat like better than National Energy Services Reunited?

Wall Street analysts have given National Energy Services Reunited a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but National Energy Services Reunited wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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, February 24th 2021.
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 earnings results on Wednesday, October, 28th. The company reported $0.16 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.04. The company had revenue of $218.42 million for the quarter, compared to the consensus estimate of $205.32 million. National Energy Services Reunited had a return on equity of 6.46% and a net margin of 4.63%.
View National Energy Services Reunited's earnings history
.

What price target have analysts set for NESR?

2 brokerages have issued 1 year price objectives for National Energy Services Reunited's shares. Their forecasts range from $13.00 to $18.00. On average, they anticipate National Energy Services Reunited's stock price to reach $16.00 in the next year. This suggests a possible upside of 80.6% from the stock's current price.
View analysts' price targets for National Energy Services Reunited
.

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 Advanced Micro Devices (AMD), Ampio Pharmaceuticals (AMPE), Apollo Global Management (APO), Alliance Resource Partners (ARLP), Golden Minerals (AUMN), CorMedix (CRMD), Eastman Chemical (EMN), General Mills (GIS), Pfizer (PFE) and Primo Water (PRMW).

Who are National Energy Services Reunited's key executives?

National Energy Services Reunited's management team includes the following people:
  • Mr. Thomas D. Wood, Independent Director (Age 63, Pay $65k)
  • Mr. Sherif Foda, Exec. Chairman & CEO (Age 51)
  • Mr. Christopher L. Boone, Chief Financial Officer (Age 51)
  • Mr. Salih Merghani, VP of Operations
  • Ms. Cathy Konwisarz, Gen. Counsel & Corp. Sec.
  • Mr. Dhiraj Dudeja, Chief Commercial Officer (Age 43)
  • Ms. Sahar Badran, Head of Legal-Middle East
  • Ms. Haya Kablawi, Corp. Financial Controller
  • Hani Almaimani, VP of Arabian Region

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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (1.23%), Boston Partners (0.68%), State Street Corp (0.43%), Arrowstreet Capital Limited Partnership (0.34%), Viking Fund Management LLC (0.14%) and SIR Capital Management L.P. (0.11%).
View institutional ownership trends for National Energy Services Reunited
.

Which institutional investors are selling National Energy Services Reunited stock?

NESR stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, BlackRock Inc., and Aperio Group LLC.
View insider buying and selling activity for National Energy Services Reunited
.

Which institutional investors are buying National Energy Services Reunited stock?

NESR stock was acquired by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Boston Partners, Viking Fund Management LLC, SIR Capital Management L.P., Yaupon Capital Management LP, Wells Fargo & Company MN, and BNP Paribas Arbitrage SA.
View insider buying and selling activity 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 $8.86.

How big of a company is National Energy Services Reunited?

National Energy Services Reunited has a market capitalization of $772.48 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 5,000 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 11/28/2020 by MarketBeat.com Staff

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