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

$5.37

-0.31 (-5.46 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$5.35

Now: $5.37▼

$5.75

50-Day Range

$4.11

MA: $4.97▼

$5.80

52-Week Range

$4.04

Now: $5.37▼

$9.54

Volume96,600 shs

Average Volume244,629 shs

Market Capitalization$468.19 million

P/E Ratio12.49

Dividend YieldN/A

Beta0.83

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
National Energy Services Reunited has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.00, National Energy Services Reunited has a potential upside of 198.0% from its current price of $5.37.
Amount of Analyst Coverage
National Energy Services Reunited has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
National Energy Services Reunited has received 148 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
National Energy Services Reunited has received 176 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
National Energy Services Reunited has received 54.32% “underperform” votes from our community.

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.

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.

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 25.02% 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 38.46% in the coming year, from $0.52 to $0.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of National Energy Services Reunited is 12.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of National Energy Services Reunited is 12.49, which means that it is trading at a more expensive P/E ratio than the Unclassified sector average P/E ratio of about 11.66.
Price to Book Value per Share Ratio
National Energy Services Reunited has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.66 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 Ratio12.49

Forward P/E Ratio10.33

P/E GrowthN/A

Sales & Book Value

Annual Sales$658.39 million

Price / Sales0.71

Cash Flow$1.66 per share

Price / Cash Flow3.24

Book Value$10.17 per share

Price / Book0.53

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 Shares87,187,000

Market Cap$468.19 million

Next Earnings Date8/5/2020 (Estimated)

OptionableNot Optionable

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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 17.5% and is now trading at $5.37. 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) issued its quarterly earnings results on Wednesday, May, 6th. The company reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.15. The firm earned $199.30 million during the quarter, compared to the consensus estimate of $181.71 million. National Energy Services Reunited had a return on equity of 7.31% and a net margin of 5.32%. View National Energy Services Reunited's earnings history.

What price target have analysts set for NESR?

3 Wall Street analysts have issued 1-year price targets 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 stock price to reach $16.00 in the next year. This suggests a possible upside of 198.0% 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. " (4/25/2020)
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?

News headlines about NESR stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. National Energy Services Reunited earned a coverage optimism score of -2.8 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutNational Energy Services Reunited.

Are investors shorting National Energy Services Reunited?

National Energy Services Reunited saw a decrease in short interest in April. As of April 30th, there was short interest totaling 2,170,000 shares, a decrease of 5.2% from the April 15th total of 2,290,000 shares. Based on an average daily trading volume, of 267,500 shares, the days-to-cover ratio is presently 8.1 days. Approximately 3.8% 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?

Some companies that are related to National Energy Services Reunited include Subsea 7 (SUBCY), SemGroup (SEMG), Core Laboratories (CLB), RPC (RES), Oceaneering International (OII), NexTier Oilfield Solutions (NEX), Liberty Oilfield Services (LBRT), Select Energy Services (WTTR), Franks International (FI), Helix Energy Solutions Group (HLX), Propetro (PUMP), Keane Group (FRAC), North American Construction Group (NOA), Hurricane Energy (HRCXF) and Key Energy Services (KEGX). View all 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."

Who are National Energy Services Reunited's major shareholders?

National Energy Services Reunited's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (2.67%), BlackRock Inc. (1.38%), Crystal Rock Capital Management (0.59%), Invesco Ltd. (0.47%), Geode Capital Management LLC (0.27%) and Balyasny Asset Management LLC (0.17%). 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 Russell Investments Group Ltd., Morgan Stanley, UBS Group AG, Creative Planning, and Parametric Portfolio Associates 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 bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Balyasny Asset Management LLC, HITE Hedge Asset Management LLC, Geode Capital Management LLC, Aperio Group LLC, BlackRock Inc., Los Angeles Capital Management & Equity Research Inc., and Wells Fargo & Company MN. 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 $5.37.

How big of a company is National Energy Services Reunited?

National Energy Services Reunited has a market capitalization of $468.19 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 6/3/2020 by MarketBeat.com Staff