National Energy Services Reunited (NASDAQ:NESR) Director Sells $6,004,358.10 in Stock

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 223,626 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $26.85, for a total transaction of $6,004,358.10. Following the sale, the director directly owned 5,134,770 shares in the company, valued at $137,868,574.50. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, May 14th, Yousif Mohammed Ali Al-Nowais sold 81,302 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.35, for a total transaction of $2,142,307.70.

National Energy Services Reunited Trading Down 2.0%

NESR stock traded down $0.53 during trading on Friday, hitting $25.46. The company had a trading volume of 1,683,710 shares, compared to its average volume of 1,885,546. The firm has a 50-day moving average price of $22.77 and a 200-day moving average price of $19.14. National Energy Services Reunited has a 12 month low of $5.47 and a 12 month high of $27.25. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 0.36 and a beta of 0.38.

National Energy Services Reunited (NASDAQ:NESR) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $404.59 million for the quarter, compared to analyst estimates of $370.87 million. National Energy Services Reunited had a return on equity of 9.77% and a net margin of 4.53%.The firm’s revenue was up 33.5% compared to the same quarter last year. As a group, analysts predict that National Energy Services Reunited will post 1.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NESR shares. Zacks Research lowered National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings raised National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Barclays boosted their price objective on National Energy Services Reunited from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday. Wall Street Zen cut National Energy Services Reunited from a “strong-buy” rating to a “buy” rating in a report on Monday, April 20th. Finally, BTIG Research boosted their price objective on National Energy Services Reunited from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, National Energy Services Reunited currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.86.

Institutional Trading of National Energy Services Reunited

A number of large investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its stake in National Energy Services Reunited by 4.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,092 shares of the company’s stock worth $174,000 after buying an additional 501 shares during the period. ProShare Advisors LLC lifted its holdings in National Energy Services Reunited by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 11,148 shares of the company’s stock worth $175,000 after acquiring an additional 719 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in National Energy Services Reunited by 4.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,419 shares of the company’s stock valued at $306,000 after acquiring an additional 772 shares during the period. Ieq Capital LLC grew its stake in National Energy Services Reunited by 1.0% in the fourth quarter. Ieq Capital LLC now owns 85,337 shares of the company’s stock valued at $1,336,000 after acquiring an additional 842 shares during the period. Finally, CWM LLC increased its holdings in shares of National Energy Services Reunited by 2.9% in the fourth quarter. CWM LLC now owns 30,123 shares of the company’s stock worth $472,000 after acquiring an additional 845 shares in the last quarter. Institutional investors own 15.55% of the company’s stock.

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.