National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais Sells 223,626 Shares of Stock

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 223,626 shares of National Energy Services Reunited stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $26.85, for a total transaction of $6,004,358.10. Following the completion of the transaction, the director owned 5,134,770 shares of the company’s stock, valued at $137,868,574.50. This trade represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, May 14th, Yousif Mohammed Ali Al-Nowais sold 81,302 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.35, for a total transaction of $2,142,307.70.

National Energy Services Reunited Trading Down 2.0%

Shares of NESR stock opened at $25.46 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.04. The stock has a market capitalization of $2.57 billion, a P/E ratio of 39.17, a price-to-earnings-growth ratio of 0.35 and a beta of 0.38. The company has a 50 day moving average price of $22.83 and a 200 day moving average price of $19.18. National Energy Services Reunited has a fifty-two week low of $5.47 and a fifty-two week high of $27.25.

National Energy Services Reunited (NASDAQ:NESR) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $404.59 million during the quarter, compared to analysts’ expectations of $370.87 million. National Energy Services Reunited had a net margin of 4.53% and a return on equity of 9.77%. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. Equities research analysts predict that National Energy Services Reunited will post 1.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in National Energy Services Reunited by 373.8% during the 4th quarter. Royal Bank of Canada now owns 1,900 shares of the company’s stock worth $30,000 after acquiring an additional 1,499 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of National Energy Services Reunited in the 3rd quarter valued at $34,000. Legal & General Group Plc acquired a new position in shares of National Energy Services Reunited in the 2nd quarter valued at $34,000. Acadian Asset Management LLC acquired a new position in shares of National Energy Services Reunited in the 1st quarter valued at $48,000. Finally, Osaic Holdings Inc. acquired a new position in shares of National Energy Services Reunited in the 2nd quarter valued at $73,000. Institutional investors and hedge funds own 15.55% of the company’s stock.

Analyst Ratings Changes

NESR has been the subject of a number of research reports. Weiss Ratings upgraded shares of National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Wall Street Zen upgraded shares of National Energy Services Reunited from a “buy” rating to a “strong-buy” rating in a report on Saturday. UBS Group boosted their price target on shares of National Energy Services Reunited from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Zacks Research cut shares of National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, BTIG Research boosted their price target on shares of National Energy Services Reunited from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.86.

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.