National Energy Services Reunited (NASDAQ:NESR) Releases Earnings Results

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01, Zacks reports. National Energy Services Reunited had a return on equity of 9.91% and a net margin of 5.57%.National Energy Services Reunited Trading Up 7.2%NASDAQ:NESR traded up $0.94 on Thursday, reaching $13.97. 2,642,389 shares of the stock traded hands, compared to its average volume of 1,236,504. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. National Energy Services Reunited has a 1-year low of $5.20 and a 1-year high of $14.50. The company's 50 day moving average is $11.17 and its 200-day moving average is $8.24. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 18.14 and a beta of 0.38. Analyst Ratings ChangesA number of research analysts have issued reports on NESR shares. Maxim Group started coverage on National Energy Services Reunited in a research report on Tuesday, September 9th. They issued a "buy" rating and a $16.00 target price on the stock. Zacks Research upgraded shares of National Energy Services Reunited from a "strong sell" rating to a "hold" rating in a research note on Monday. Piper Sandler upped their price objective on shares of National Energy Services Reunited from $13.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, October 16th. Wall Street Zen downgraded shares of National Energy Services Reunited from a "buy" rating to a "hold" rating in a research note on Saturday, November 8th. Finally, BTIG Research raised their target price on shares of National Energy Services Reunited from $12.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.29.Check Out Our Latest Research Report on NESRInstitutional Investors Weigh In On National Energy Services ReunitedSeveral large investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in National Energy Services Reunited by 183.3% during the third quarter. BNP Paribas Financial Markets now owns 49,128 shares of the company's stock valued at $504,000 after acquiring an additional 31,789 shares during the last quarter. Rhumbline Advisers bought a new stake in National Energy Services Reunited in the 2nd quarter valued at about $465,000. Jump Financial LLC increased its holdings in shares of National Energy Services Reunited by 188.3% during the second quarter. Jump Financial LLC now owns 52,225 shares of the company's stock valued at $314,000 after acquiring an additional 34,112 shares in the last quarter. Invesco Ltd. acquired a new position in National Energy Services Reunited during the second quarter worth $308,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of National Energy Services Reunited in the 2nd quarter worth about $201,000. 15.55% of the stock is currently owned by institutional investors and hedge funds. National Energy Services Reunited Company Profile (Get Free Report)National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. The company's Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems.Featured StoriesFive stocks we like better than National Energy Services ReunitedShould You Invest in Penny Stocks?dLocal Falls Despite Blowout Q3 Results—What Investors Are MissingFinancial Services Stocks InvestingOndas Holdings Signals a Rebound as Drone Demand SoarsHow to Capture the Benefits of Dividend IncreasesDisney’s 2026 Outlook Brightens Under Iger's Magic TouchThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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