UBS Group AG Purchases 116,588 Shares of National Energy Services Reunited $NESR

UBS Group AG grew its position in National Energy Services Reunited (NASDAQ:NESR) by 54.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 331,182 shares of the company’s stock after acquiring an additional 116,588 shares during the period. UBS Group AG owned 0.34% of National Energy Services Reunited worth $5,186,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of NESR. State of Alaska Department of Revenue acquired a new stake in National Energy Services Reunited in the third quarter valued at $34,000. Legal & General Group Plc acquired a new stake in National Energy Services Reunited in the second quarter valued at $34,000. Acadian Asset Management LLC acquired a new stake in National Energy Services Reunited in the first quarter valued at $48,000. Osaic Holdings Inc. acquired a new stake in National Energy Services Reunited in the second quarter valued at $73,000. Finally, BNP Paribas Financial Markets increased its holdings in National Energy Services Reunited by 92.6% in the second quarter. BNP Paribas Financial Markets now owns 17,339 shares of the company’s stock valued at $104,000 after purchasing an additional 8,337 shares during the period. 15.55% of the stock is currently owned by institutional investors and hedge funds.

National Energy Services Reunited Stock Performance

Shares of National Energy Services Reunited stock opened at $26.29 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $23.21 and a two-hundred day moving average price of $19.59. National Energy Services Reunited has a 1-year low of $5.47 and a 1-year high of $27.25. The company has a market cap of $2.65 billion, a P/E ratio of 40.45, a PEG ratio of 0.34 and a beta of 0.38.

National Energy Services Reunited (NASDAQ:NESR) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. National Energy Services Reunited had a return on equity of 9.77% and a net margin of 4.53%.The firm had revenue of $404.59 million during the quarter, compared to the consensus estimate of $370.87 million. The firm’s revenue was up 33.5% on a year-over-year basis. As a group, analysts anticipate that National Energy Services Reunited will post 1.64 EPS for the current year.

Insiders Place Their Bets

In other National Energy Services Reunited news, Director Yousif Mohammed Ali Al-Nowais sold 3,500 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.13, for a total transaction of $91,455.00. Following the completion of the sale, the director directly owned 4,829,400 shares in the company, valued at approximately $126,192,222. This trade represents a 0.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 528,996 shares of company stock worth $13,986,123. Company insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NESR. BTIG Research increased their price objective on National Energy Services Reunited from $28.00 to $32.00 and gave the company a “buy” rating in a report on Monday, May 11th. Piper Sandler increased their price objective on National Energy Services Reunited from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday. Barclays increased their price objective on National Energy Services Reunited from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Weiss Ratings upgraded National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Wall Street Zen upgraded National Energy Services Reunited from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, National Energy Services Reunited currently has an average rating of “Moderate Buy” and a consensus target price of $28.86.

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.