National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais Sells 3,500 Shares

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.13, for a total value of $91,455.00. Following the transaction, the director directly owned 4,829,400 shares in the company, valued at approximately $126,192,222. The trade was a 0.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Yousif Mohammed Ali Al-Nowais also recently made the following trade(s):

• On Monday, May 18th, Yousif Mohammed Ali Al-Nowais sold 220,568 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.06, for a total value of $5,748,002.08.
• On Thursday, May 14th, Yousif Mohammed Ali Al-Nowais sold 81,302 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.35, for a total value of $2,142,307.70.
• On Wednesday, May 13th, Yousif Mohammed Ali Al-Nowais sold 223,626 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.85, for a total transaction of $6,004,358.10.

National Energy Services Reunited Price Performance

Shares of NASDAQ:NESR opened at $26.10 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.63 billion, a P/E ratio of 40.15, a PEG ratio of 0.33 and a beta of 0.38. National Energy Services Reunited has a 52 week low of $5.47 and a 52 week high of $27.25. The company has a 50-day moving average price of $23.11 and a 200 day moving average price of $19.49.

National Energy Services Reunited (NASDAQ:NESR) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $404.59 million during the quarter, compared to the consensus estimate of $370.87 million. National Energy Services Reunited had a net margin of 4.53% and a return on equity of 9.77%. The business’s revenue was up 33.5% on a year-over-year basis. Research analysts predict that National Energy Services Reunited will post 1.64 earnings per share for the current year.

Institutional Trading of National Energy Services Reunited

Several institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV grew its stake in shares of National Energy Services Reunited by 4.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,092 shares of the company’s stock valued at $174,000 after buying an additional 501 shares during the period. ProShare Advisors LLC boosted its position in National Energy Services Reunited by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 11,148 shares of the company’s stock worth $175,000 after purchasing an additional 719 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in National Energy Services Reunited by 4.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,419 shares of the company’s stock worth $306,000 after purchasing an additional 772 shares during the period. Ieq Capital LLC boosted its position in National Energy Services Reunited by 1.0% during the 4th quarter. Ieq Capital LLC now owns 85,337 shares of the company’s stock worth $1,336,000 after purchasing an additional 842 shares during the period. Finally, CWM LLC lifted its holdings in National Energy Services Reunited by 2.9% in the 4th quarter. CWM LLC now owns 30,123 shares of the company’s stock worth $472,000 after buying an additional 845 shares in the last quarter. 15.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NESR has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on shares of National Energy Services Reunited from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday. Zacks Research cut shares of National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Barclays boosted their price target on National Energy Services Reunited from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded National Energy Services Reunited from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings upgraded National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.86.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp (NASDAQ: NESR) is a publicly traded oilfield services company formed in 2021 through a business combination that brought together complementary drilling and production service providers. The company’s mission is to deliver integrated solutions across the upstream oil and gas value chain, combining regional expertise with global operational standards.

NESR’s service portfolio spans drilling, completion and production, offering products and capabilities such as cementing, coiled tubing, hydraulic fracturing, well stimulation, pumping services and intervention solutions.