10,000 Shares in National Energy Services Reunited Corp. (NASDAQ:NESR) Purchased by Robotti Robert

Robotti Robert purchased a new stake in shares of National Energy Services Reunited Corp. (NASDAQ:NESR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $90,000.

Several other institutional investors have also added to or reduced their stakes in NESR. R Squared Ltd bought a new stake in shares of National Energy Services Reunited during the fourth quarter worth $41,000. Sei Investments Co. purchased a new stake in National Energy Services Reunited in the 4th quarter valued at about $328,000. JPMorgan Chase & Co. bought a new position in National Energy Services Reunited in the 4th quarter worth about $394,000. Iridian Asset Management LLC CT purchased a new position in shares of National Energy Services Reunited during the fourth quarter worth approximately $1,378,000. Finally, Tejara Capital Ltd bought a new stake in shares of National Energy Services Reunited during the fourth quarter valued at approximately $3,600,000. Institutional investors own 15.55% of the company’s stock.

Wall Street Analyst Weigh In

NESR has been the topic of several research reports. Barclays raised their price objective on National Energy Services Reunited from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Benchmark started coverage on National Energy Services Reunited in a report on Tuesday, January 21st. They issued a “buy” rating and a $15.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on shares of National Energy Services Reunited in a report on Friday, December 6th. They set an “overweight” rating and a $13.00 target price on the stock.

National Energy Services Reunited Trading Down 2.8 %

Shares of NASDAQ NESR opened at $7.86 on Thursday. National Energy Services Reunited Corp. has a 1-year low of $7.21 and a 1-year high of $10.30. The business has a fifty day moving average price of $8.75 and a 200 day moving average price of $8.87. The stock has a market capitalization of $750.21 million, a P/E ratio of 9.83 and a beta of 0.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.10 and a quick ratio of 0.91.

National Energy Services Reunited (NASDAQ:NESR) last released its quarterly earnings results on Wednesday, March 12th. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The firm had revenue of $343.68 million for the quarter, compared to analysts’ expectations of $339.84 million. Equities research analysts expect that National Energy Services Reunited Corp. will post 1.03 EPS for the current fiscal year.

About National Energy Services Reunited

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.