Analysts expect National Energy Services Reunited Corp (NASDAQ:NESR) to announce $0.25 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for National Energy Services Reunited’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.25. National Energy Services Reunited posted earnings of $0.19 per share during the same quarter last year, which would suggest a positive year over year growth rate of 31.6%. The business is expected to issue its next earnings report on Thursday, November 14th.
On average, analysts expect that National Energy Services Reunited will report full year earnings of $0.89 per share for the current fiscal year, with EPS estimates ranging from $0.88 to $0.90. For the next fiscal year, analysts anticipate that the business will post earnings of $1.18 per share, with EPS estimates ranging from $1.05 to $1.31. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for National Energy Services Reunited.
National Energy Services Reunited (NASDAQ:NESR) last issued its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $159.90 million during the quarter, compared to analysts’ expectations of $157.87 million. National Energy Services Reunited had a return on equity of 13.27% and a net margin of 10.70%.
Several equities research analysts have weighed in on NESR shares. Zacks Investment Research cut National Energy Services Reunited from a “hold” rating to a “sell” rating in a report on Friday, August 16th. Evercore ISI reiterated a “buy” rating and issued a $17.00 price objective on shares of National Energy Services Reunited in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. National Energy Services Reunited presently has a consensus rating of “Buy” and an average price target of $14.38.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC purchased a new stake in National Energy Services Reunited in the 2nd quarter worth approximately $30,000. Deutsche Bank AG purchased a new stake in National Energy Services Reunited in the 4th quarter worth approximately $34,000. Strs Ohio purchased a new stake in National Energy Services Reunited in the 2nd quarter worth approximately $54,000. Tocqueville Asset Management L.P. purchased a new stake in National Energy Services Reunited in the 2nd quarter worth approximately $131,000. Finally, Acadian Asset Management LLC lifted its holdings in National Energy Services Reunited by 223.8% in the 2nd quarter. Acadian Asset Management LLC now owns 27,726 shares of the company’s stock worth $241,000 after buying an additional 19,163 shares during the period. Institutional investors and hedge funds own 18.28% of the company’s stock.
NASDAQ NESR traded up $0.10 on Friday, hitting $6.22. The company’s stock had a trading volume of 140,815 shares, compared to its average volume of 250,392. National Energy Services Reunited has a 52-week low of $5.98 and a 52-week high of $11.28. The company has a current ratio of 2.36, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. The company’s 50-day simple moving average is $7.14 and its 200 day simple moving average is $8.61.
About National Energy Services Reunited
National Energy Services Reunited Corp., through its subsidiaries, provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through Production Services, and Drilling and Evaluation Services segments. The Production Services segment offers coiled tubing services, such as nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; primary and remedial cementing services; stimulation and pumping services; nitrogen services; and filtration services, as well as frac tanks and pumping units.
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