National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais Sells 3,500 Shares

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 3,500 shares of National Energy Services Reunited stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.13, for a total transaction of $91,455.00. Following the transaction, the director directly owned 4,829,400 shares in the company, valued at $126,192,222. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 transaction 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 transaction 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 transaction of $6,004,358.10.

National Energy Services Reunited Price Performance

Shares of NESR stock traded up $0.69 during trading hours on Wednesday, hitting $26.10. 3,477,411 shares of the company’s stock were exchanged, compared to its average volume of 1,916,220. The company has a market capitalization of $2.63 billion, a PE ratio of 40.15, a PEG ratio of 0.35 and a beta of 0.38. National Energy Services Reunited has a 12-month low of $5.47 and a 12-month high of $27.25. The business’s 50 day simple moving average is $23.00 and its 200-day simple moving average is $19.41. The company has a current ratio of 1.04, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

National Energy Services Reunited (NASDAQ:NESR) last issued its earnings results on Monday, May 11th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. National Energy Services Reunited had a net margin of 4.53% and a return on equity of 9.77%. The company had revenue of $404.59 million for the quarter, compared to the consensus estimate 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 anticipate that National Energy Services Reunited will post 1.61 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position 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 valued at $30,000 after purchasing an additional 1,499 shares during the period. State of Alaska Department of Revenue purchased a new position in National Energy Services Reunited during the 3rd quarter valued at $34,000. State of Wyoming purchased a new position in National Energy Services Reunited during the 4th quarter valued at $76,000. Clearstead Advisors LLC increased its position in National Energy Services Reunited by 180.1% during the 4th quarter. Clearstead Advisors LLC now owns 4,932 shares of the company’s stock valued at $77,000 after purchasing an additional 3,171 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of National Energy Services Reunited during the 2nd quarter valued at $34,000. 15.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on NESR. Zacks Research downgraded shares of National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Barclays lifted their target price on shares of National Energy Services Reunited from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Piper Sandler lifted their target price on shares of National Energy Services Reunited from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday. Wall Street Zen raised shares of National Energy Services Reunited from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, BTIG Research boosted their price objective on shares of National Energy Services Reunited from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.86.

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.