Analysts Set National Energy Services Reunited (NASDAQ:NESR) Target Price at $25.86

National Energy Services Reunited (NASDAQ:NESR) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $25.8571.

NESR has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of National Energy Services Reunited in a research report on Friday, March 27th. BTIG Research increased their price objective 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. UBS Group increased their price objective on shares of National Energy Services Reunited to $31.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Wall Street Zen raised shares of National Energy Services Reunited from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Finally, Barclays lowered their price target on shares of National Energy Services Reunited from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, April 9th.

National Energy Services Reunited Price Performance

National Energy Services Reunited stock opened at $24.29 on Thursday. National Energy Services Reunited has a 52-week low of $5.47 and a 52-week high of $26.85. The firm has a fifty day moving average of $22.38 and a 200-day moving average of $17.43. The firm has a market capitalization of $2.45 billion, a P/E ratio of 45.83, a PEG ratio of 0.36 and a beta of 0.29. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.20.

National Energy Services Reunited (NASDAQ:NESR) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.07. National Energy Services Reunited had a net margin of 3.86% and a return on equity of 8.50%. The company had revenue of $398.26 million during the quarter. National Energy Services Reunited’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, analysts predict that National Energy Services Reunited will post 1.03 EPS for the current year.

Institutional Investors Weigh In On National Energy Services Reunited

A number of large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new stake in National Energy Services Reunited during the 4th quarter valued at $747,000. T. Rowe Price Investment Management Inc. acquired a new stake in National Energy Services Reunited during the 4th quarter valued at $8,496,000. Invesco Ltd. grew its holdings in National Energy Services Reunited by 135.2% during the 4th quarter. Invesco Ltd. now owns 174,582 shares of the company’s stock valued at $2,734,000 after purchasing an additional 100,357 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in National Energy Services Reunited by 4.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,092 shares of the company’s stock valued at $174,000 after purchasing an additional 501 shares in the last quarter. Finally, VARCOV Co. acquired a new stake in National Energy Services Reunited during the 4th quarter valued at $398,000. 15.55% of the stock is owned by institutional investors and hedge funds.

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.