Royal Bank of Canada Has $144,000 Stock Position in National Energy Services Reunited Corp (NASDAQ:NESR)

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Royal Bank of Canada lowered its holdings in shares of National Energy Services Reunited Corp (NASDAQ:NESR) by 70.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,500 shares of the company’s stock after selling 39,701 shares during the period. Royal Bank of Canada’s holdings in National Energy Services Reunited were worth $144,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in National Energy Services Reunited in the 2nd quarter worth about $30,000. Strs Ohio acquired a new position in National Energy Services Reunited in the 2nd quarter worth about $54,000. Tocqueville Asset Management L.P. acquired a new position in National Energy Services Reunited in the 2nd quarter worth about $131,000. Northern Trust Corp acquired a new position in National Energy Services Reunited in the 2nd quarter worth about $173,000. Finally, Acadian Asset Management LLC increased its holdings in National Energy Services Reunited by 223.8% in the 2nd quarter. Acadian Asset Management LLC now owns 27,726 shares of the company’s stock worth $241,000 after purchasing an additional 19,163 shares in the last quarter. 18.28% of the stock is owned by institutional investors.

NESR has been the subject of a number of recent research reports. Zacks Investment Research cut National Energy Services Reunited from a “hold” rating to a “sell” rating in a report on Friday, August 16th. Evercore ISI reaffirmed a “buy” rating and issued a $17.00 target price on shares of National Energy Services Reunited in a report on Thursday, August 8th.

Shares of NESR stock traded up $0.08 on Friday, hitting $6.99. The company had a trading volume of 157,300 shares, compared to its average volume of 226,243. The stock’s 50-day moving average is $6.68 and its two-hundred day moving average is $8.19. The company has a current ratio of 2.36, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. National Energy Services Reunited Corp has a twelve month low of $5.93 and a twelve month high of $10.90.

National Energy Services Reunited (NASDAQ:NESR) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $159.90 million for the quarter, compared to analyst estimates of $157.87 million. National Energy Services Reunited had a return on equity of 13.27% and a net margin of 10.70%. On average, equities research analysts forecast that National Energy Services Reunited Corp will post 0.84 earnings per share for the current year.

About National Energy Services Reunited

National Energy Services Reunited Corp., through its subsidiaries, provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through Production Services, and Drilling and Evaluation Services segments. The Production Services segment offers coiled tubing services, such as nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; primary and remedial cementing services; stimulation and pumping services; nitrogen services; and filtration services, as well as frac tanks and pumping units.

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Institutional Ownership by Quarter for National Energy Services Reunited (NASDAQ:NESR)

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