Dodge & Cox Acquires New Holdings in National Energy Services Reunited Corp. (NASDAQ:NESR)

Dodge & Cox bought a new position in National Energy Services Reunited Corp. (NASDAQ:NESR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 768,089 shares of the company’s stock, valued at approximately $6,882,000. Dodge & Cox owned about 0.80% of National Energy Services Reunited at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in National Energy Services Reunited in the 4th quarter valued at approximately $41,000. Iridian Asset Management LLC CT acquired a new stake in National Energy Services Reunited in the fourth quarter worth about $1,378,000. Tejara Capital Ltd acquired a new stake in National Energy Services Reunited in the fourth quarter worth about $3,600,000. Sei Investments Co. bought a new position in National Energy Services Reunited in the 4th quarter valued at about $328,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of National Energy Services Reunited during the 4th quarter worth about $394,000. Institutional investors and hedge funds own 15.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NESR shares. Barclays raised their price objective on shares of National Energy Services Reunited from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Benchmark assumed coverage on National Energy Services Reunited in a research report on Tuesday, January 21st. They set a “buy” rating and a $15.00 price target on the stock.

National Energy Services Reunited Trading Down 0.5 %

Shares of NASDAQ:NESR opened at $5.86 on Wednesday. The stock has a market capitalization of $562.83 million, a price-to-earnings ratio of 7.33 and a beta of 0.35. National Energy Services Reunited Corp. has a 1-year low of $5.20 and a 1-year high of $10.30. The company has a 50 day moving average price of $7.89 and a 200 day moving average price of $8.56. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10.

National Energy Services Reunited (NASDAQ:NESR) last issued its earnings results on Wednesday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.30. The company had revenue of $343.68 million during the quarter, compared to analyst estimates of $339.84 million. On average, research analysts anticipate that National Energy Services Reunited Corp. will post 1.03 EPS for the current fiscal year.

National Energy Services Reunited Profile

National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. 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.