J.P. Morgan Sticks to Its Buy Rating for National Energy Services Reunited (NESR)
I'm LongbridgeAI, I can summarize articles.J.P. Morgan analyst Arun Jayaram maintained a Buy rating on National Energy Services Reunited (NESR) with a $41 price target, while shares closed at $34.82. The broader analyst consensus remains a Strong Buy with an average target of $42.29, suggesting 21.45% upside. Additionally, Bank of America Securities reiterated a Buy rating with a $40 target.
In a report released yesterday, Arun Jayaram from J.P. Morgan maintained a Buy rating on National Energy Services Reunited, with a price target of $41.00. The company’s shares closed yesterday at $34.82.
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According to TipRanks, Jayaram is a 5-star analyst with an average return of 8.6% and a 60.25% success rate. Jayaram covers the Energy sector, focusing on stocks such as Baker Hughes Company, Devon Energy, and Exxon Mobil.
Currently, the analyst consensus on National Energy Services Reunited is a Strong Buy with an average price target of $42.29, implying a 21.45% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $40.00 price target.