National Energy Services Reunited (NASDAQ:NESR – Get Free Report) had its price objective raised by investment analysts at Piper Sandler from $11.00 to $13.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 50.29% from the stock’s current price.
Separately, Wall Street Zen downgraded shares of National Energy Services Reunited from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $14.60.
Read Our Latest Report on National Energy Services Reunited
National Energy Services Reunited Trading Up 1.4%
National Energy Services Reunited (NASDAQ:NESR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. National Energy Services Reunited had a net margin of 5.57% and a return on equity of 9.91%. The company had revenue of $327.37 million for the quarter, compared to the consensus estimate of $316.07 million. On average, research analysts anticipate that National Energy Services Reunited will post 1.03 EPS for the current fiscal year.
Institutional Trading of National Energy Services Reunited
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new stake in National Energy Services Reunited in the fourth quarter valued at $49,000. Legal & General Group Plc acquired a new stake in National Energy Services Reunited in the second quarter valued at $34,000. Ameritas Investment Partners Inc. acquired a new stake in National Energy Services Reunited in the second quarter valued at $37,000. Acadian Asset Management LLC acquired a new stake in National Energy Services Reunited during the 1st quarter worth about $48,000. Finally, BNP Paribas Financial Markets grew its holdings in National Energy Services Reunited by 92.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 17,339 shares of the company’s stock worth $104,000 after acquiring an additional 8,337 shares during the period. 15.55% of the stock is currently owned by institutional investors and hedge funds.
About National Energy Services Reunited
National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. The company’s 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 and industrial 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.
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