National Energy Services Reunited $NESR Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in National Energy Services Reunited (NASDAQ:NESR) by 102.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,078 shares of the company’s stock after buying an additional 33,464 shares during the period. Quantbot Technologies LP owned approximately 0.07% of National Energy Services Reunited worth $678,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. boosted its position in shares of National Energy Services Reunited by 21.2% during the third quarter. TD Waterhouse Canada Inc. now owns 12,000 shares of the company’s stock worth $125,000 after buying an additional 2,100 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of National Energy Services Reunited in the 3rd quarter valued at $34,000. Legal & General Group Plc acquired a new position in National Energy Services Reunited during the 2nd quarter worth about $34,000. Ameritas Investment Partners Inc. acquired a new position in National Energy Services Reunited during the 2nd quarter worth about $37,000. Finally, Acadian Asset Management LLC purchased a new position in National Energy Services Reunited during the 1st quarter valued at about $48,000. Institutional investors and hedge funds own 15.55% of the company’s stock.

National Energy Services Reunited Price Performance

Shares of NASDAQ NESR opened at $20.86 on Friday. 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 company has a market cap of $2.01 billion, a price-to-earnings ratio of 39.36, a price-to-earnings-growth ratio of 0.57 and a beta of 0.18. The stock’s 50-day moving average is $20.32 and its two-hundred day moving average is $14.90. National Energy Services Reunited has a 1-year low of $5.20 and a 1-year high of $26.85.

National Energy Services Reunited (NASDAQ:NESR) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.07. National Energy Services Reunited had a return on equity of 8.57% and a net margin of 3.86%.The business had revenue of $398.26 million during the quarter. The company’s revenue was up 15.9% on a year-over-year basis. Analysts forecast that National Energy Services Reunited will post 1.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NESR has been the subject of several research reports. Piper Sandler lifted their target price on National Energy Services Reunited from $15.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, November 18th. BTIG Research increased their price target on shares of National Energy Services Reunited from $16.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Maxim Group set a $30.00 price objective on shares of National Energy Services Reunited in a research note on Monday, January 12th. Barclays upped their target price on shares of National Energy Services Reunited to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen lowered shares of National Energy Services Reunited from a “buy” rating to a “hold” rating in a report on Sunday, December 21st. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.00.

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.