NASDAQ:NESR

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

$5.82

-0.46 (-7.32%)

(As of 09/23/2022 12:00 AM ET)

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Today's Range: $5.80
▼
$6.20
50-Day Range: $5.82
▼
$7.43
52-Week Range: $5.68
▼
$13.28

Volume: 191,129 shs
Average Volume: 138,828 shs
Market Capitalization: $528.75 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: 83.3% Upside
$10.67 Price Target
Short Interest: Healthy
1.76% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 84.00%
From $0.50 to $0.92 Per Share

Overall MarketRank^™

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

2.32 out of 5 stars

Oils/Energy Sector

121st out of 254 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

11th out of 21 stocks

3.0

Analyst's Opinion

Consensus Rating
National Energy Services Reunited has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.67, National Energy Services Reunited has a forecasted upside of 83.3% from its current price of $5.82.
Amount of Analyst Coverage
National Energy Services Reunited has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.76% of the float of National Energy Services Reunited has been sold short.
Short Interest Ratio / Days to Cover
National Energy Services Reunited has a short interest ratio ("days to cover") of 6.
Change versus previous month
Short interest in National Energy Services Reunited has recently decreased by 12.26%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
National Energy Services Reunited does not currently pay a dividend.
Dividend Growth
National Energy Services Reunited does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NESR.

2.9

News and Social Media Coverage

News Sentiment
National Energy Services Reunited has a news sentiment score of 1.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for National Energy Services Reunited this week, compared to 0 articles on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, National Energy Services Reunited insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 39.75% of the stock of National Energy Services Reunited is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for National Energy Services Reunited are expected to grow by 84.00% in the coming year, from $0.50 to $0.92 per share.
Price to Book Value per Share Ratio
National Energy Services Reunited has a P/B Ratio of 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About National Energy Services Reunited (NASDAQ:NESR) Stock

National Energy Services Reunited Corp. 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 hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and 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. It also provides production assurance chemicals; laboratory services; artificial lift 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, as well as sources, treats, and disposes water for oil and gas, municipal, and industrial use. The Drilling and Evaluation Services segment offers 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. It also provides oilfield solutions for thru-tubing intervention; tubular running services; and a range of wellhead products, flow control equipment, and frac equipment. The company was incorporated in 2017 and is headquartered in Houston, Texas.

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NESR Stock News Headlines

September 17, 2022 | americanbankingnews.com

National Energy Services Reunited (NASDAQ:NESR) Shares Gap Down to $7.43

September 13, 2022 | finance.yahoo.com

NESR Secures Its First Multi-Year Directional Drilling Services Contract in Saudi Arabia

September 13, 2022 | finance.yahoo.com

Are Investors Undervaluing National Energy Services Reunited Corp. (NASDAQ:NESR) By 36%?

September 10, 2022 | seekingalpha.com

NESR National Energy Services Reunited Corp.

July 18, 2022 | finanznachrichten.de

National Energy Services Reunited Corp: NESR Agrees To Acquire Stake In WDVG

July 18, 2022 | finance.yahoo.com

NESR Agrees To Acquire Stake In WDVG

June 29, 2022 | finanznachrichten.de

National Energy Services Reunited Corp: NESR Signs Agreement with ADNOC For Strategic In-Country Value Expansion

June 29, 2022 | seekingalpha.com

National Energy Services Reunited signs agreement to expand manufacturing in UAE

June 29, 2022 | finance.yahoo.com

NESR Signs Agreement with ADNOC For Strategic In-Country Value Expansion

June 17, 2022 | finance.yahoo.com

National Energy Services Reunited Corp. Provides Update On Financial Statements

May 4, 2022 | finance.yahoo.com

The past year for National Energy Services Reunited (NASDAQ:NESR) investors has not been profitable

April 18, 2022 | finance.yahoo.com

Saudi Aramco Awards $300 Million Integrated Conventional Fracturing Contract to NESR

April 12, 2022 | finanznachrichten.de

National Energy Services Reunited Corp: Cairn Awards NESR Integrated Production Services Contract in India

March 17, 2022 | finanznachrichten.de

National Energy Services Reunited Corp: ADNOC Awards Cementing Services To NESR

March 17, 2022 | finance.yahoo.com

ADNOC Awards Cementing Services To NESR

March 14, 2022 | finanznachrichten.de

National Energy Services Reunited Corp: NESR Announces Update on Previously Issued Financial Statements and Full Year Revenue of 2021

March 14, 2022 | finance.yahoo.com

NESR Announces Update on Previously Issued Financial Statements and Full Year Revenue of 2021

February 8, 2022 | finanznachrichten.de

National Energy Services Reunited Corp: NESR Announces Appointment of Stefan Angeli as CFO, Reschedules Earnings Conference Call

February 8, 2022 | finance.yahoo.com

NESR Announces Appointment of Stefan Angeli as CFO, Reschedules Earnings Conference Call

February 7, 2022 | finance.yahoo.com

ADNOC Awards Testing Services To NESR

February 3, 2022 | finance.yahoo.com

Thailand's Gulf Energy to seal crypto JV with Binance in Q2

February 2, 2022 | finance.yahoo.com

Is There An Opportunity With National Energy Services Reunited Corp.'s (NASDAQ:NESR) 45% Undervaluation?

January 26, 2022 | finance.yahoo.com

National Energy Services Reunited Corp. to Release Fourth Quarter Financial Results on February 9th

January 21, 2022 | nasdaq.com

National Energy Services Reunited Corp. Ordinary Shares (NESR)

January 3, 2022 | finanznachrichten.de

National Energy Services Reunited Corp: NESR Announces More Than $100 Million of Contract Awards in North Africa

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NESR Company Calendar

Last Earnings: 11/02/2021
Today: 9/24/2022
Next Earnings (Estimated): 9/28/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Oil & gas field services, not elsewhere classified
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:NESR
CUSIP: N/A
CIK: 1698514
Web: www.nesr.com
Phone: (832) 925-3777
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: +83.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $834.15 million
Price / Sales: 0.63
Cash Flow: $1.89 per share
Price / Cash Flow: 3.08
Book Value: $10.76 per share
Price / Book: 0.54

Miscellaneous

Outstanding Shares: 90,850,000
Free Float: N/A
Market Cap: $528.75 million
Optionable: Not Optionable
Beta: 0.81

Key Executives

Mr. Thomas D. Wood (Age 65)
Independent Director
Comp: $65k

Mr. Sherif Foda (Age 53)
Exec. Chairman & CEO

Mr. Stefan Angeli
Chief Financial Officer

Mr. Salih Merghani
VP of Operations

Mr. Blake Geelhoed Gendron
VP of Investor Relations & Bus. Devel.

Ms. Cathy Konwisarz
Gen. Counsel & Corp. Sec.

Mr. Dhiraj Dudeja (Age 45)
Chief Commercial Officer

Ms. Sahar Badran
Head of Legal

Ms. Haya Kablawi
Corp. Financial Controller

Hani Almaimani
VP of Arabian Region

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 year. 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 2022?: 3 equities research analysts have issued 12-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 year. This suggests a possible upside of 83.3% 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 2022?: National Energy Services Reunited's stock was trading at $9.45 at the start of the year. Since then, NESR stock has decreased by 38.4% and is now trading at $5.82.
View the best growth stocks for 2022 here.
When is National Energy Services Reunited's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 28th 2022.
View our NESR earnings forecast.
How were National Energy Services Reunited's earnings last quarter?: National Energy Services Reunited Corp. (NASDAQ:NESR) posted its earnings results on Tuesday, November, 2nd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The business earned $217.99 million during the quarter, compared to analysts' expectations of $225.94 million. During the same quarter in the previous year, the business 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 a number of institutional and retail investors. Top institutional investors include FMR LLC (6.07%), Encompass Capital Advisors LLC (3.90%), RR Advisors LLC (0.70%), Jennison Associates LLC (0.68%), Russell Investments Group Ltd. (0.67%) and State Street Corp (0.57%).
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 $5.82.
How much money does National Energy Services Reunited make?: National Energy Services Reunited (NASDAQ:NESR) has a market capitalization of $528.75 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 9/24/2022 by MarketBeat.com Staff

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

National Energy Services Reunited MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month