National Energy Services Reunited (NASDAQ:NESR) Sees Large Volume Increase

Shares of National Energy Services Reunited Corp. (NASDAQ:NESR) saw unusually-strong trading volume on Thursday . Approximately 351,083 shares traded hands during trading, an increase of 89% from the previous session’s volume of 185,778 shares.The stock last traded at $8.99 and had previously closed at $8.95.

National Energy Services Reunited Price Performance

The firm’s fifty day moving average price is $8.11 and its 200 day moving average price is $6.72.

Institutional Trading of National Energy Services Reunited

Several hedge funds have recently bought and sold shares of the stock. Tejara Capital Ltd bought a new stake in shares of National Energy Services Reunited in the fourth quarter worth about $2,091,000. AQR Capital Management LLC grew its holdings in National Energy Services Reunited by 147.0% during the 2nd quarter. AQR Capital Management LLC now owns 479,767 shares of the company’s stock valued at $3,253,000 after buying an additional 285,555 shares in the last quarter. American Century Companies Inc. increased its stake in National Energy Services Reunited by 250.7% in the 4th quarter. American Century Companies Inc. now owns 360,207 shares of the company’s stock worth $2,500,000 after acquiring an additional 257,490 shares during the last quarter. Soros Fund Management LLC bought a new position in shares of National Energy Services Reunited during the 1st quarter valued at approximately $2,100,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of National Energy Services Reunited by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,444,144 shares of the company’s stock valued at $7,596,000 after acquiring an additional 190,737 shares during the last quarter. Hedge funds and other institutional investors own 15.55% of the company’s stock.

About National Energy Services Reunited

National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and internationally. 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.