National Energy Services Reunited (NASDAQ:NESR) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of National Energy Services Reunited (NASDAQ:NESR) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other research firms have also recently commented on NESR. National Bankshares set a $16.00 target price on shares of National Energy Services Reunited in a research report on Tuesday, September 9th. BTIG Research boosted their price objective on National Energy Services Reunited from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Maxim Group initiated coverage on National Energy Services Reunited in a research report on Tuesday, September 9th. They issued a “buy” rating and a $16.00 target price on the stock. Zacks Research raised National Energy Services Reunited from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of National Energy Services Reunited in a report on Monday, December 8th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.86.

National Energy Services Reunited Stock Performance

Shares of NESR stock opened at $14.89 on Friday. The company has a market cap of $1.44 billion, a P/E ratio of 20.40 and a beta of 0.27. The business has a 50 day moving average of $12.86 and a two-hundred day moving average of $9.42. The company has a quick ratio of 0.92, a current ratio of 1.10 and a debt-to-equity ratio of 0.22. National Energy Services Reunited has a 52 week low of $5.20 and a 52 week high of $15.10.

National Energy Services Reunited (NASDAQ:NESR) last posted its earnings results on Thursday, November 13th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $295.32 million for the quarter, compared to analysts’ expectations of $292.46 million. National Energy Services Reunited had a return on equity of 8.24% and a net margin of 5.53%. As a group, analysts anticipate that National Energy Services Reunited will post 1.03 EPS for the current year.

Institutional Investors Weigh In On National Energy Services Reunited

Several hedge funds and other institutional investors have recently bought and sold shares of NESR. State of Alaska Department of Revenue acquired a new position in shares of National Energy Services Reunited in the 3rd quarter worth approximately $34,000. Legal & General Group Plc acquired a new position in National Energy Services Reunited in the second quarter worth approximately $34,000. Ameritas Investment Partners Inc. acquired a new position in National Energy Services Reunited in the second quarter worth approximately $37,000. Acadian Asset Management LLC bought a new position in shares of National Energy Services Reunited in the first quarter valued at $48,000. Finally, Osaic Holdings Inc. acquired a new stake in shares of National Energy Services Reunited during the 2nd quarter valued at $73,000. 15.55% of the stock is currently owned by institutional investors.

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.