National Energy Services Reunited (NASDAQ:NESR) Stock Falls 5.3% – Time to Sell?

National Energy Services Reunited (NASDAQ:NESR) shares dropped 5.3% on Monday. The stock traded as low as $18.83 and last traded at $18.8950. 1,440,473 shares traded hands during trading, a decline of 33% from the average daily volume of 2,148,513 shares. The stock had previously closed at $19.96.

Trending Headlines about National Energy Services Reunited

Here are the key news stories impacting National Energy Services Reunited this week:

• Positive Sentiment: Q3 earnings and revenue beat estimates. NESR reported earnings of $0.38 per share, above the $0.36 consensus and up from $0.16 a year earlier. Revenue was $504.73 million, topping expectations of $495.93 million; a separate report said revenue rose 70% year over year. The beats and earnings growth could support investor confidence. Zacks Q3 earnings and revenue report
• Positive Sentiment: Quarterly dividend declared. The company announced a $0.10-per-share cash dividend, payable December 10, 2026, providing a direct return to shareholders. Q3 results and dividend announcement

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NESR. Citigroup reaffirmed a “buy” rating on shares of National Energy Services Reunited in a research note on Monday, August 10th. Piper Sandler cut their price target on shares of National Energy Services Reunited from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Friday, October 2nd. BMO Capital Markets initiated coverage on shares of National Energy Services Reunited in a research report on Thursday, October 1st. They set an “outperform” rating and a $39.00 price target for the company. Capital One Financial started coverage on shares of National Energy Services Reunited in a research report on Wednesday, September 30th. They set an “overweight” rating and a $44.00 price target for the company. Finally, Wall Street Zen downgraded National Energy Services Reunited from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 3rd. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

National Energy Services Reunited Stock Performance

The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average is $26.56 and its two-hundred day moving average is $25.55. The company has a market capitalization of $1.90 billion, a P/E ratio of 20.39, a PEG ratio of 0.23 and a beta of 0.57.

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

Insider Transactions at National Energy Services Reunited

In other news, CFO Stefan Angeli sold 13,570 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $35.12, for a total transaction of $476,578.40. Following 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 filing with the SEC, which can be accessed through this link. Also, CEO Sherif Foda sold 100,000 shares of National Energy Services Reunited stock in a transaction on Monday, August 31st. The stock was sold at an average price of $35.00, for a total transaction of $3,500,000.00. Following the sale, the chief executive officer directly owned 3,084,643 shares of the company’s stock, valued at $107,962,505. This represents a 3.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 176,894 shares of company stock valued at $6,221,414 in the last quarter. Insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On National Energy Services Reunited

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in National Energy Services Reunited by 103.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,960,587 shares of the company’s stock worth $42,088,000 after buying an additional 997,300 shares in the last quarter. Walleye Capital LLC bought a new position in National Energy Services Reunited during the first quarter valued at approximately $19,045,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of National Energy Services Reunited by 75.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 846,597 shares of the company’s stock worth $18,176,000 after acquiring an additional 365,217 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of National Energy Services Reunited by 29.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 646,342 shares of the company’s stock valued at $16,462,000 after purchasing an additional 145,850 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of National Energy Services Reunited by 21.4% in the 1st quarter. Bank of America Corp DE now owns 597,400 shares of the company’s stock valued at $12,826,000 after purchasing an additional 105,205 shares in 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. (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.