Creative Planning Acquires New Holdings in National Energy Services Reunited Corp (NASDAQ:NESR)

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Creative Planning acquired a new stake in shares of National Energy Services Reunited Corp (NASDAQ:NESR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,597 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. SCF Partners Inc. raised its position in National Energy Services Reunited by 8.3% during the fourth quarter. SCF Partners Inc. now owns 6,506,653 shares of the company’s stock valued at $59,341,000 after acquiring an additional 499,833 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in National Energy Services Reunited by 28,664.3% during the fourth quarter. Russell Investments Group Ltd. now owns 3,309,045 shares of the company’s stock valued at $30,177,000 after purchasing an additional 3,297,541 shares during the last quarter. Vanguard Group Inc. grew its holdings in National Energy Services Reunited by 3.3% during the second quarter. Vanguard Group Inc. now owns 1,706,215 shares of the company’s stock valued at $14,844,000 after purchasing an additional 53,831 shares during the last quarter. FMR LLC grew its holdings in National Energy Services Reunited by 22.1% during the first quarter. FMR LLC now owns 1,358,969 shares of the company’s stock valued at $14,202,000 after purchasing an additional 246,130 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in National Energy Services Reunited by 15,624.8% during the second quarter. BlackRock Inc. now owns 1,083,750 shares of the company’s stock valued at $9,429,000 after purchasing an additional 1,076,858 shares during the last quarter. 21.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NESR stock opened at $7.97 on Friday. National Energy Services Reunited Corp has a 12 month low of $5.93 and a 12 month high of $10.80. The company has a current ratio of 2.03, a quick ratio of 1.64 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $8.08 and its two-hundred day moving average is $7.76.

Several equities analysts have commented on the company. Zacks Investment Research downgraded National Energy Services Reunited from a “hold” rating to a “sell” rating in a report on Thursday, January 30th. National Bank Financial lowered their price target on National Energy Services Reunited from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, November 25th. Finally, Barclays assumed coverage on National Energy Services Reunited in a report on Monday, January 13th. They set an “overweight” rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $13.30.

About National Energy Services Reunited

National Energy Services Reunited Corp., through its subsidiaries, provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through Production Services, and Drilling and Evaluation Services segments. The Production Services segment offers coiled tubing services, such as nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; primary and remedial cementing services; stimulation and pumping services; nitrogen services; and filtration services, as well as frac tanks and pumping units.

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Institutional Ownership by Quarter for National Energy Services Reunited (NASDAQ:NESR)

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