National Energy Services Reunited (NASDAQ:NESR) Shares to Pay Dividend of $0.10

National Energy Services Reunited (NASDAQ:NESR) announced a dividend on Monday, November 9th. Stockholders of record on Thursday, December 3rd will be paid a dividend of $0.10 per share on Thursday, December 10th. The ex-dividend date is Thursday, December 3rd.

National Energy Services Reunited Price Performance

Shares of NESR traded down $0.41 during trading hours on Monday, hitting $19.55. 4,386,683 shares of the stock were exchanged, compared to its average volume of 2,163,065. The stock’s 50-day moving average price is $26.56 and its two-hundred day moving average price is $25.55. National Energy Services Reunited has a 12-month low of $12.21 and a 12-month high of $36.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.02. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 0.23 and a beta of 0.57.

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

Insider Transactions at National Energy Services Reunited

In related news, CFO Stefan Angeli sold 13,570 shares of National Energy Services Reunited stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $35.12, for a total value of $476,578.40. Following the completion of the sale, the chief financial officer owned 549,763 shares in the company, valued at approximately $19,307,676.56. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mejia Antonio J. Campo sold 63,324 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $35.45, for a total value of $2,244,835.80. Following the transaction, the director owned 696,398 shares in the company, valued at $24,687,309.10. This trade represents a 8.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 176,894 shares of company stock worth $6,221,414. 9.70% of the stock is currently owned by insiders.

Institutional Trading of National Energy Services Reunited

Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. purchased a new stake in shares of National Energy Services Reunited in the 3rd quarter valued at approximately $302,000. Russell Investments Group Ltd. grew its stake in shares of National Energy Services Reunited by 29.1% during the third quarter. Russell Investments Group Ltd. now owns 646,342 shares of the company’s stock worth $16,462,000 after purchasing an additional 145,850 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in 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 valued at $278,000 after buying an additional 1,000 shares in the last quarter. Alps Advisors Inc. acquired a new stake in National Energy Services Reunited in the third quarter valued at $451,000. Finally, Profund Advisors LLC purchased a new stake in National Energy Services Reunited during the 3rd quarter worth about $239,000. Institutional investors and hedge funds own 15.55% of the company’s stock.

About National Energy Services Reunited

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.