National Energy Services Reunited (NASDAQ:NESR) Stock Rating Upgraded by UBS Group

National Energy Services Reunited (NASDAQ:NESR) was upgraded by analysts at UBS Group to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other research analysts also recently commented on the company. National Bankshares set a $21.00 price objective on National Energy Services Reunited in a research note on Friday, January 9th. JPMorgan Chase & Co. upped their price objective on shares of National Energy Services Reunited from $10.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Zacks Research raised shares of National Energy Services Reunited from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Bank of America started coverage on National Energy Services Reunited in a research note on Friday, January 9th. They set a “buy” rating for the company. Finally, BTIG Research increased their price target on shares of National Energy Services Reunited from $12.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $21.00.

National Energy Services Reunited Stock Performance

NASDAQ:NESR opened at $20.10 on Wednesday. The firm has a 50-day moving average of $15.54 and a two-hundred day moving average of $11.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 0.92. The stock has a market cap of $1.94 billion, a P/E ratio of 27.53, a PEG ratio of 0.57 and a beta of 0.23. National Energy Services Reunited has a 1-year low of $5.20 and a 1-year high of $20.35.

National Energy Services Reunited (NASDAQ:NESR) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. National Energy Services Reunited had a return on equity of 8.24% and a net margin of 5.53%.The firm had revenue of $295.32 million during the quarter, compared to analyst estimates of $292.46 million. On average, research analysts expect that National Energy Services Reunited will post 1.03 earnings per share for the current fiscal year.

Institutional Trading of National Energy Services Reunited

Several large investors have recently modified their holdings of NESR. SG Americas Securities LLC increased its holdings in National Energy Services Reunited by 25.6% in the 4th quarter. SG Americas Securities LLC now owns 14,901 shares of the company’s stock valued at $233,000 after buying an additional 3,040 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in National Energy Services Reunited by 4.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,419 shares of the company’s stock valued at $306,000 after purchasing an additional 772 shares in the last quarter. Penn Capital Management Company LLC boosted its holdings in shares of National Energy Services Reunited by 37.8% in the 3rd quarter. Penn Capital Management Company LLC now owns 71,970 shares of the company’s stock valued at $738,000 after purchasing an additional 19,741 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in National Energy Services Reunited in the third quarter valued at approximately $507,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in National Energy Services Reunited in the 3rd quarter worth about $109,000. 15.55% of the stock is owned by institutional investors and hedge funds.

About National Energy Services Reunited

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.