Yousif Mohammed Ali Al-Nowais Sells 1,068,593 Shares of National Energy Services Reunited (NASDAQ:NESR) Stock

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 1,068,593 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $26.13, for a total value of $27,922,335.09. Following the transaction, the director directly owned 2,481,649 shares in the company, valued at $64,845,488.37. This represents a 30.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Saturday, June 13th, Yousif Mohammed Ali Al-Nowais sold 332,857 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.90, for a total value of $8,953,853.30.
• On Tuesday, June 9th, Yousif Mohammed Ali Al-Nowais sold 200 shares of National Energy Services Reunited stock. The shares were sold at an average price of $25.55, for a total value of $5,110.00.
• On Monday, June 8th, Yousif Mohammed Ali Al-Nowais sold 5,526 shares of National Energy Services Reunited stock. The stock was sold at an average price of $25.53, for a total value of $141,078.78.
• On Tuesday, May 26th, Yousif Mohammed Ali Al-Nowais sold 457,391 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.12, for a total value of $11,947,052.92.
• On Friday, May 22nd, Yousif Mohammed Ali Al-Nowais sold 242,497 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.14, for a total value of $6,338,871.58.
• On Wednesday, May 20th, Yousif Mohammed Ali Al-Nowais sold 573,544 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.14, for a total value of $14,992,440.16.
• On Tuesday, May 19th, Yousif Mohammed Ali Al-Nowais sold 3,500 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.13, for a total value of $91,455.00.
• On Monday, May 18th, Yousif Mohammed Ali Al-Nowais sold 220,568 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.06, for a total value of $5,748,002.08.
• On Thursday, May 14th, Yousif Mohammed Ali Al-Nowais sold 81,302 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.35, for a total value of $2,142,307.70.
• On Wednesday, May 13th, Yousif Mohammed Ali Al-Nowais sold 223,626 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.85, for a total value of $6,004,358.10.

National Energy Services Reunited Stock Performance

Shares of NASDAQ:NESR traded down $1.19 during trading on Tuesday, hitting $24.92. The stock had a trading volume of 1,430,094 shares, compared to its average volume of 1,889,782. National Energy Services Reunited has a 12-month low of $5.66 and a 12-month high of $27.69. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 0.34 and a beta of 0.35. The company has a quick ratio of 0.90, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $24.53 and a two-hundred day simple moving average of $20.98.

National Energy Services Reunited (NASDAQ:NESR) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. National Energy Services Reunited had a return on equity of 9.77% and a net margin of 4.53%.The firm had revenue of $404.59 million during the quarter, compared to analysts’ expectations of $370.87 million. National Energy Services Reunited’s revenue was up 33.5% on a year-over-year basis. On average, equities research analysts expect that National Energy Services Reunited will post 1.68 earnings per share for the current fiscal year.

Institutional Trading of National Energy Services Reunited

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in National Energy Services Reunited by 373.8% during the fourth 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 during the period. Legal & General Group Plc acquired a new stake in National Energy Services Reunited during the second quarter worth about $34,000. Acadian Asset Management LLC acquired a new stake in National Energy Services Reunited in the first quarter valued at approximately $48,000. Osaic Holdings Inc. acquired a new stake in National Energy Services Reunited in the second quarter valued at approximately $73,000. Finally, State of Wyoming acquired a new stake in National Energy Services Reunited in the fourth quarter valued at approximately $76,000. 15.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Zacks Research cut National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. UBS Group raised their target price on National Energy Services Reunited from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. BTIG Research raised their target price on National Energy Services Reunited from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Weiss Ratings raised National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Barclays raised their target price on National Energy Services Reunited from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Seven 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 an average rating of “Moderate Buy” and a consensus price target of $28.86.

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.