Barclays Has Lowered Expectations for National Energy Services Reunited (NASDAQ:NESR) Stock Price

National Energy Services Reunited (NASDAQ:NESR) had its target price cut by equities research analysts at Barclays from $41.00 to $37.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 89.57% from the stock’s current price.

Other equities analysts also recently issued reports about the company. BTIG Research boosted their price objective on National Energy Services Reunited from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Citigroup restated a “buy” rating on shares of National Energy Services Reunited in a research note on Monday, August 10th. Capital One Financial began coverage on National Energy Services Reunited in a research report on Wednesday, September 30th. They set an “overweight” rating and a $44.00 price objective for the company. Piper Sandler reduced their price target on shares of National Energy Services Reunited from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Friday, October 2nd. Finally, BMO Capital Markets assumed coverage on shares of National Energy Services Reunited in a research report on Thursday, October 1st. They set an “outperform” rating and a $39.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.88.

National Energy Services Reunited Trading Down 0.2%

NESR opened at $19.52 on Tuesday. National Energy Services Reunited has a one year low of $12.77 and a one year high of $36.94. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 0.25 and a beta of 0.57. The stock’s 50 day moving average price is $26.26 and its 200-day moving average price is $25.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.02.

National Energy Services Reunited (NASDAQ:NESR) last posted its earnings results on Monday, November 9th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. National Energy Services Reunited had a return on equity of 12.07% and a net margin of 5.77%. The company had revenue of $504.73 million during the quarter, compared to analyst estimates of $495.93 million. On average, equities analysts forecast that National Energy Services Reunited will post 1.66 EPS for the current year.

Insider Buying and Selling

In related news, CEO Sherif Foda sold 100,000 shares of National Energy Services Reunited stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $35.00, for a total transaction of $3,500,000.00. Following the completion of the transaction, the chief executive officer owned 3,084,643 shares in the company, valued at approximately $107,962,505. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stefan Angeli sold 13,570 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $35.12, for a total transaction of $476,578.40. Following the completion of the sale, the chief financial officer directly owned 549,763 shares of the company’s stock, valued at approximately $19,307,676.56. The trade was a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 176,894 shares of company stock worth $6,221,414. 9.70% of the stock is owned by insiders.

Hedge Funds Weigh In On National Energy Services Reunited

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of National Energy Services Reunited by 51.0% during the second quarter. Allworth Financial LP now owns 1,921 shares of the company’s stock valued at $57,000 after purchasing an additional 649 shares during the last quarter. USA Financial Formulas boosted its position in shares of National Energy Services Reunited by 63.0% in the first quarter. USA Financial Formulas now owns 2,253 shares of the company’s stock worth $48,000 after purchasing an additional 871 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of National Energy Services Reunited by 351.2% in the third quarter. Farther Finance Advisors LLC now owns 1,137 shares of the company’s stock worth $29,000 after acquiring an additional 885 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of National Energy Services Reunited by 10.1% in the third quarter. Pictet Asset Management Holding SA now owns 10,906 shares of the company’s stock worth $278,000 after buying an additional 1,000 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of National Energy Services Reunited during the 2nd quarter valued at about $45,000. Institutional investors own 15.55% of the company’s stock.

Key Stories Impacting National Energy Services Reunited

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

• Positive Sentiment: Third-quarter revenue was $504.7 million, about 70% higher year over year and above the $495.9 million consensus estimate. Adjusted EPS of $0.38 also beat the $0.36 estimate and rose from $0.16 a year earlier. Q3 earnings and revenue estimates
• Positive Sentiment: NESR declared a quarterly cash dividend of $0.10 per share—its first—payable December 10 to shareholders of record December 3. That equates to $0.40 annualized, or an indicated yield of about 2%. Dividend announcement
• Positive Sentiment: Management is targeting approximately $2 billion in 2026 revenue, offering investors a growth outlook alongside the dividend announcement. 2026 revenue target and dividend
• Neutral Sentiment: The company is refinancing $747 million in facilities; the headline does not provide terms, so the effect on financing costs or risk is unclear. Refinancing and outlook announcement

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp. (NESR) provides oilfield services to exploration and production companies. Its offerings support drilling, well construction and the production and maintenance of oil and gas wells.

The company’s services include drilling and evaluation work, such as directional drilling and wireline services, as well as production services including well intervention, stimulation and artificial lift. Its work is designed to help customers develop and operate energy resources throughout the life of a well.

Formed in 2017 through the combination of National Petroleum Services and Gulf Energy, NESR serves customers across the Middle East, North Africa and Asia.