National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais Sells 457,391 Shares of Stock

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 457,391 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $26.12, for a total transaction of $11,947,052.92. Following the sale, the director directly owned 3,555,968 shares of the company’s stock, valued at approximately $92,881,884.16. The trade was a 11.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Yousif Mohammed Ali Al-Nowais also recently made the following trade(s):

• On Friday, May 22nd, Yousif Mohammed Ali Al-Nowais sold 242,497 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.14, for a total transaction of $6,338,871.58.
• On Wednesday, May 20th, Yousif Mohammed Ali Al-Nowais sold 573,544 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.14, for a total transaction of $14,992,440.16.
• On Tuesday, May 19th, Yousif Mohammed Ali Al-Nowais sold 3,500 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.13, for a total transaction of $91,455.00.
• On Monday, May 18th, Yousif Mohammed Ali Al-Nowais sold 220,568 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.06, for a total transaction of $5,748,002.08.
• On Thursday, May 14th, Yousif Mohammed Ali Al-Nowais sold 81,302 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.35, for a total transaction of $2,142,307.70.
• On Wednesday, May 13th, Yousif Mohammed Ali Al-Nowais sold 223,626 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.85, for a total transaction of $6,004,358.10.

National Energy Services Reunited Stock Down 2.5%

Shares of NASDAQ:NESR opened at $25.24 on Thursday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 0.34 and a beta of 0.38. The company has a quick ratio of 0.90, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. National Energy Services Reunited has a 12-month low of $5.47 and a 12-month high of $27.25. The business’s 50 day moving average is $23.68 and its 200 day moving average is $19.96.

National Energy Services Reunited (NASDAQ:NESR) last announced its earnings results on Monday, May 11th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. The company had revenue of $404.59 million for the quarter, compared to analysts’ expectations of $370.87 million. National Energy Services Reunited had a return on equity of 9.77% and a net margin of 4.53%.The business’s revenue was up 33.5% on a year-over-year basis. On average, sell-side analysts forecast that National Energy Services Reunited will post 1.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National Energy Services Reunited

Several institutional investors have recently bought and sold shares of NESR. Bank of America Corp DE raised its stake in 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 acquiring an additional 105,205 shares during the period. Empowered Funds LLC raised its stake in National Energy Services Reunited by 9.3% in the 1st quarter. Empowered Funds LLC now owns 491,009 shares of the company’s stock valued at $10,542,000 after acquiring an additional 41,741 shares during the period. Lazard Asset Management LLC raised its stake in National Energy Services Reunited by 2.2% in the 1st quarter. Lazard Asset Management LLC now owns 120,408 shares of the company’s stock valued at $2,585,000 after acquiring an additional 2,630 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in National Energy Services Reunited by 115.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 334,823 shares of the company’s stock valued at $7,189,000 after acquiring an additional 179,498 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in National Energy Services Reunited in the 1st quarter valued at approximately $1,735,000. Hedge funds and other institutional investors own 15.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays lifted their target price on National Energy Services Reunited from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Wall Street Zen raised shares of National Energy Services Reunited from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. UBS Group raised their price target on shares of National Energy Services Reunited from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Piper Sandler increased their price target on National Energy Services Reunited from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Finally, Zacks Research downgraded National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.86.

National Energy Services Reunited Company Profile

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.