Oxbow Advisors LLC Makes New Investment in National Energy Services Reunited $NESR

Oxbow Advisors LLC purchased a new position in shares of National Energy Services Reunited (NASDAQ:NESR) during the 4th quarter, HoldingsChannel reports. The firm purchased 261,910 shares of the company’s stock, valued at approximately $4,102,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NESR. State of Alaska Department of Revenue acquired a new position in National Energy Services Reunited during the third quarter worth $34,000. Legal & General Group Plc acquired a new stake in shares of National Energy Services Reunited in the second quarter worth about $34,000. Acadian Asset Management LLC bought a new stake in shares of National Energy Services Reunited during the 1st quarter worth about $48,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of National Energy Services Reunited during the 3rd quarter worth about $109,000. Finally, SG Americas Securities LLC acquired a new position in shares of National Energy Services Reunited during the 3rd quarter valued at about $122,000. Institutional investors own 15.55% of the company’s stock.

National Energy Services Reunited Stock Performance

NASDAQ:NESR opened at $23.10 on Friday. National Energy Services Reunited has a 12-month low of $5.47 and a 12-month high of $26.85. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.33 billion, a PE ratio of 43.59, a price-to-earnings-growth ratio of 0.35 and a beta of 0.38. The firm has a 50-day moving average price of $22.70 and a 200 day moving average price of $18.65.

National Energy Services Reunited (NASDAQ:NESR) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.07. The firm had revenue of $398.26 million during the quarter. National Energy Services Reunited had a return on equity of 8.50% and a net margin of 3.86%.The company’s quarterly revenue was up 15.9% compared to the same quarter last year. Research analysts anticipate that National Energy Services Reunited will post 1.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NESR. Barclays boosted their price objective on shares of National Energy Services Reunited from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday. Zacks Research lowered shares of National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen downgraded shares of National Energy Services Reunited from a “strong-buy” rating to a “buy” rating in a report on Monday, April 20th. UBS Group boosted their target price on shares of National Energy Services Reunited to $31.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of National Energy Services Reunited in a report on Friday, March 27th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

About National Energy Services Reunited

National Energy Services Reunited Corp (NASDAQ: NESR) is a publicly traded oilfield services company formed in 2021 through a business combination that brought together complementary drilling and production service providers. The company’s mission is to deliver integrated solutions across the upstream oil and gas value chain, combining regional expertise with global operational standards.

NESR’s service portfolio spans drilling, completion and production, offering products and capabilities such as cementing, coiled tubing, hydraulic fracturing, well stimulation, pumping services and intervention solutions.