National Energy Services Reunited (NASDAQ:NESR) Director Sells $2,142,307.70 in Stock

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 81,302 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $26.35, for a total transaction of $2,142,307.70. Following the transaction, the director owned 5,053,468 shares in the company, valued at $133,158,881.80. The trade was a 1.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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

National Energy Services Reunited stock opened at $25.46 on Monday. The company has a market capitalization of $2.57 billion, a PE ratio of 39.17, a PEG ratio of 0.34 and a beta of 0.38. The firm’s fifty day moving average is $22.83 and its 200 day moving average is $19.23. The company has a quick ratio of 0.90, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. National Energy Services Reunited has a 12-month low of $5.47 and a 12-month high of $27.25.

National Energy Services Reunited (NASDAQ:NESR) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $404.59 million during the quarter, compared to analyst estimates 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 for the quarter was up 33.5% compared to the same quarter last year. As a group, sell-side analysts predict that National Energy Services Reunited will post 1.61 EPS for the current fiscal year.

Institutional Trading of National Energy Services Reunited

Several institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its stake in shares of National Energy Services Reunited by 4.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,092 shares of the company’s stock worth $174,000 after acquiring an additional 501 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of National Energy Services Reunited by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 11,148 shares of the company’s stock worth $175,000 after acquiring an additional 719 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of National Energy Services Reunited by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,419 shares of the company’s stock worth $306,000 after acquiring an additional 772 shares in the last quarter. Ieq Capital LLC grew its stake in shares of National Energy Services Reunited by 1.0% in the 4th quarter. Ieq Capital LLC now owns 85,337 shares of the company’s stock worth $1,336,000 after acquiring an additional 842 shares in the last quarter. Finally, CWM LLC grew its stake in shares of 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 acquiring an additional 845 shares in the last quarter. Institutional investors own 15.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on NESR shares. Weiss Ratings upgraded shares of National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Barclays boosted their price target on shares of National Energy Services Reunited from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday. Zacks Research lowered shares of National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen upgraded shares of National Energy Services Reunited from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, BTIG Research boosted their price target on shares of National Energy Services Reunited from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.86.

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.