National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais Sells 457,391 Shares

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 457,391 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $26.12, for a total value of $11,947,052.92. Following the transaction, the director directly owned 3,555,968 shares in the company, valued at approximately $92,881,884.16. This represents a 11.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, May 22nd, Yousif Mohammed Ali Al-Nowais sold 242,497 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.14, for a total value of $6,338,871.58.
• On Wednesday, May 20th, Yousif Mohammed Ali Al-Nowais sold 573,544 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.14, for a total value of $14,992,440.16.
• On Tuesday, May 19th, Yousif Mohammed Ali Al-Nowais sold 3,500 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.13, for a total value of $91,455.00.
• On Monday, May 18th, Yousif Mohammed Ali Al-Nowais sold 220,568 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.06, for a total value 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 shares were sold at an average price of $26.35, for a total value 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 shares were sold at an average price of $26.85, for a total value of $6,004,358.10.

National Energy Services Reunited Trading Down 2.5%

Shares of NASDAQ NESR traded down $0.65 during trading hours on Wednesday, reaching $25.24. The stock had a trading volume of 1,253,212 shares, compared to its average volume of 1,934,346. 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 firm has a market cap of $2.55 billion, a price-to-earnings ratio of 38.83, a P/E/G ratio of 0.34 and a beta of 0.38. The business’s fifty day moving average price is $23.68 and its two-hundred day moving average price is $19.96. National Energy Services Reunited has a 52-week low of $5.47 and a 52-week high of $27.25.

National Energy Services Reunited (NASDAQ:NESR) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $404.59 million during 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 company’s revenue was up 33.5% compared to the same quarter last year. Analysts expect that National Energy Services Reunited will post 1.64 EPS for the current fiscal year.

Institutional Trading of National Energy Services Reunited

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dodge & Cox lifted its holdings in shares of National Energy Services Reunited by 5.6% during the 3rd quarter. Dodge & Cox now owns 2,255,894 shares of the company’s stock valued at $23,145,000 after purchasing an additional 119,100 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of National Energy Services Reunited during the 3rd quarter valued at $22,722,000. Dimensional Fund Advisors LP lifted its holdings in shares of National Energy Services Reunited by 103.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,960,587 shares of the company’s stock valued at $42,088,000 after purchasing an additional 997,300 shares during the last quarter. Boston Partners lifted its holdings in shares of National Energy Services Reunited by 155.6% during the 4th quarter. Boston Partners now owns 1,953,328 shares of the company’s stock valued at $30,594,000 after purchasing an additional 1,189,035 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of National Energy Services Reunited by 1,482.3% during the 4th quarter. Millennium Management LLC now owns 1,237,585 shares of the company’s stock valued at $19,381,000 after purchasing an additional 1,159,372 shares during the last quarter. Hedge funds and other institutional investors own 15.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NESR. UBS Group upped their target price on National Energy Services Reunited from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings upgraded National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Barclays upped their target price on National Energy Services Reunited from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Piper Sandler upped their target price on National Energy Services Reunited from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, Zacks Research lowered National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus 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.