UBS Group AG Has $5.19 Million Stock Holdings in National Energy Services Reunited $NESR

UBS Group AG increased its position in National Energy Services Reunited (NASDAQ:NESR) by 54.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331,182 shares of the company’s stock after buying an additional 116,588 shares during the period. UBS Group AG’s holdings in National Energy Services Reunited were worth $5,186,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in shares of National Energy Services Reunited in the 3rd quarter valued at about $608,000. Citigroup Inc. grew its stake in shares of National Energy Services Reunited by 680.2% in the 3rd quarter. Citigroup Inc. now owns 186,801 shares of the company’s stock valued at $1,917,000 after buying an additional 162,858 shares during the period. Kazazian Asset Management LLC grew its stake in shares of National Energy Services Reunited by 71.7% in the 3rd quarter. Kazazian Asset Management LLC now owns 143,650 shares of the company’s stock valued at $1,474,000 after buying an additional 60,000 shares during the period. MMCAP International Inc. SPC grew its stake in shares of National Energy Services Reunited by 40.5% in the 3rd quarter. MMCAP International Inc. SPC now owns 845,142 shares of the company’s stock valued at $8,671,000 after buying an additional 243,785 shares during the period. Finally, EdgePoint Investment Group Inc. acquired a new stake in shares of National Energy Services Reunited in the 3rd quarter valued at about $923,000. 15.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Yousif Mohammed Ali Al-Nowais sold 223,626 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $26.85, for a total value of $6,004,358.10. Following the transaction, the director owned 5,134,770 shares of the company’s stock, valued at approximately $137,868,574.50. This trade represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 528,996 shares of company stock valued at $13,986,123. 9.70% of the stock is currently owned by company insiders.

National Energy Services Reunited Price Performance

Shares of NASDAQ NESR opened at $26.29 on Friday. National Energy Services Reunited has a fifty-two week low of $5.47 and a fifty-two week high of $27.25. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 0.34 and a beta of 0.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.04. The firm’s 50-day simple moving average is $23.21 and its 200 day simple moving average is $19.59.

National Energy Services Reunited (NASDAQ:NESR) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. National Energy Services Reunited had a net margin of 4.53% and a return on equity of 9.77%. The business had revenue of $404.59 million for the quarter, compared to analysts’ expectations of $370.87 million. The company’s revenue was up 33.5% on a year-over-year basis. As a group, research analysts anticipate that National Energy Services Reunited will post 1.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on NESR shares. UBS Group raised their target price on National Energy Services Reunited from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. BTIG Research raised their target price on 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. Piper Sandler raised their target price on National Energy Services Reunited from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday. Weiss Ratings upgraded National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Barclays raised 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 report on Wednesday, May 13th. Seven equities research 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 target price of $28.86.

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.