National Energy Services Reunited (NASDAQ:NESR) Sets New 1-Year High – Should You Buy?

National Energy Services Reunited (NASDAQ:NESR) reached a new 52-week high on Wednesday . The company traded as high as $14.69 and last traded at $14.7140, with a volume of 1694738 shares trading hands. The stock had previously closed at $13.94.

Analysts Set New Price Targets

NESR has been the topic of a number of recent research reports. Piper Sandler lifted their price objective on National Energy Services Reunited from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, November 18th. BTIG Research boosted their price target on National Energy Services Reunited from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Wall Street Zen cut National Energy Services Reunited from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. National Bankshares set a $16.00 price objective on National Energy Services Reunited in a research note on Tuesday, September 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of National Energy Services Reunited in a research note on Monday. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.86.

National Energy Services Reunited Price Performance

The company has a current ratio of 1.10, a quick ratio of 0.92 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.43 billion, a P/E ratio of 18.17 and a beta of 0.27. The company has a fifty day simple moving average of $12.42 and a two-hundred day simple moving average of $9.10.

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

Hedge Funds Weigh In On National Energy Services Reunited

Several institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in National Energy Services Reunited during the 3rd quarter worth approximately $34,000. Legal & General Group Plc acquired a new position in shares of National Energy Services Reunited in the second quarter valued at approximately $34,000. Ameritas Investment Partners Inc. bought a new stake in shares of National Energy Services Reunited during the second quarter worth $37,000. Acadian Asset Management LLC acquired a new stake in shares of National Energy Services Reunited during the first quarter worth $48,000. Finally, Osaic Holdings Inc. acquired a new stake in shares of National Energy Services Reunited during the second quarter worth $73,000. Institutional investors own 15.55% of the company’s stock.

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.