CenterBook Partners LP Decreases Holdings in National Energy Services Reunited $NESR

CenterBook Partners LP reduced its holdings in shares of National Energy Services Reunited (NASDAQ:NESR) by 54.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 342,438 shares of the company’s stock after selling 415,290 shares during the period. CenterBook Partners LP owned about 0.36% of National Energy Services Reunited worth $3,513,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. TD Waterhouse Canada Inc. grew its position in National Energy Services Reunited by 21.2% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 12,000 shares of the company’s stock worth $125,000 after acquiring an additional 2,100 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in National Energy Services Reunited in the third quarter valued at approximately $34,000. Legal & General Group Plc purchased a new stake in shares of National Energy Services Reunited during the second quarter valued at approximately $34,000. Ameritas Investment Partners Inc. bought a new position in shares of National Energy Services Reunited in the second quarter worth approximately $37,000. Finally, Acadian Asset Management LLC purchased a new position in shares of National Energy Services Reunited in the first quarter worth $48,000. 15.55% of the stock is owned by hedge funds and other institutional investors.

Key National Energy Services Reunited News

Here are the key news stories impacting National Energy Services Reunited this week:

• Positive Sentiment: Q4 beat and strong underlying metrics — NESR reported Q4 EPS of $0.32, topping consensus, and revenue of $398.3M (up 15.9% YoY). Management flagged sizable sequential improvement in adjusted EBITDA and adjusted EPS. NESR Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: Management growth outlook — Company outlined a path to a $2 billion revenue run-rate by end of 2026 and said it is expanding its MENA contract base, which supports medium-term top-line growth expectations. NESR outlines path to $2B revenue run rate
• Positive Sentiment: Analyst upgrade/target lift — BTIG raised its price target to $28 and kept a buy rating, providing an independent validation of upside vs. the current level and likely supporting additional buying interest. BTIG raises price target to $28 (Benzinga)
• Positive Sentiment: Improved cash flow and adjusted profitability — NESR reported operating cash flow of $264.2M for the year and free cash flow of $120.8M; adjusted net income and adjusted EBITDA improved sequentially, which supports valuation and shareholder-return optionality. Q4 financial results and cash flow (AccessWire)
• Positive Sentiment: Market reaction — The stock traded to an intraday all-time high after results and commentary, reflecting investor enthusiasm around the beat and guidance. NESR Propels to All-Time High on Earnings Beat
• Neutral Sentiment: Full earnings disclosures and call transcript are available for detail — investors can review the conference call transcript and highlights to assess segment performance and contract updates. Earnings call transcript (Seeking Alpha)
• Negative Sentiment: GAAP net income and diluted EPS weakness YoY — Despite adjusted gains, GAAP net income ($7.8M) and diluted EPS ($0.08) were down significantly year-over-year, which could concern value-focused investors and temper enthusiasm if GAAP recovery lags. Q4 GAAP results and note on EPS (AccessWire)

National Energy Services Reunited Price Performance

Shares of NASDAQ:NESR opened at $24.67 on Thursday. The business has a fifty day moving average price of $18.06 and a 200-day moving average price of $13.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 0.92. The company has a market capitalization of $2.38 billion, a PE ratio of 46.55, a PEG ratio of 0.70 and a beta of 0.25. National Energy Services Reunited has a 1-year low of $5.20 and a 1-year high of $25.13.

National Energy Services Reunited (NASDAQ:NESR) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.07. National Energy Services Reunited had a net margin of 3.86% and a return on equity of 8.57%. The company had revenue of $398.26 million during the quarter. The business’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities analysts expect that National Energy Services Reunited will post 1.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NESR shares. UBS Group raised shares of National Energy Services Reunited to a “strong-buy” rating in a report on Wednesday, January 21st. Maxim Group set a $30.00 target price on National Energy Services Reunited in a report on Monday, January 12th. Barclays lifted their price target on shares of National Energy Services Reunited to $34.00 and gave the company an “overweight” rating in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of National Energy Services Reunited in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, National Energy Services Reunited presently has a consensus rating of “Moderate Buy” and an average target price of $25.14.

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.