National Energy Services Reunited (NASDAQ:NESR – Get Free Report) posted its earnings results on Wednesday. The company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30, Zacks reports.
National Energy Services Reunited Stock Up 4.4 %
Shares of NESR opened at $7.94 on Wednesday. National Energy Services Reunited has a fifty-two week low of $7.36 and a fifty-two week high of $10.30. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average price is $8.90 and its 200 day moving average price is $8.99.
Analysts Set New Price Targets
Several brokerages have issued reports on NESR. Barclays reaffirmed an “overweight” rating and set a $16.00 target price on shares of National Energy Services Reunited in a research note on Friday, January 31st. Benchmark started coverage on shares of National Energy Services Reunited in a research report on Tuesday, January 21st. They set a “buy” rating and a $15.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of National Energy Services Reunited in a report on Friday, December 6th. They issued an “overweight” rating and a $13.00 price objective for the company.
National Energy Services Reunited Company Profile
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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