OMERS ADMINISTRATION Corp Acquires New Holdings in National Energy Services Reunited Corp. (NASDAQ:NESR)

OMERS ADMINISTRATION Corp acquired a new stake in shares of National Energy Services Reunited Corp. (NASDAQ:NESR) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 31,800 shares of the company’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SCF Partners Inc. bought a new position in National Energy Services Reunited during the fourth quarter valued at approximately $71,605,000. Barclays PLC bought a new position in shares of National Energy Services Reunited in the fourth quarter valued at approximately $430,000. Iridian Asset Management LLC CT bought a new position in shares of National Energy Services Reunited in the fourth quarter valued at approximately $1,378,000. GeoSphere Capital Management LLC bought a new position in shares of National Energy Services Reunited in the fourth quarter valued at approximately $10,443,000. Finally, Fort Baker Capital Management LP bought a new position in shares of National Energy Services Reunited in the fourth quarter valued at approximately $27,670,000. Institutional investors own 15.55% of the company’s stock.

National Energy Services Reunited Stock Down 1.1%

NESR opened at $6.39 on Tuesday. National Energy Services Reunited Corp. has a fifty-two week low of $5.20 and a fifty-two week high of $9.95. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.10 and a quick ratio of 0.91. The firm’s fifty day moving average price is $6.67 and its two-hundred day moving average price is $8.06. The company has a market capitalization of $613.73 million, a P/E ratio of 7.99 and a beta of 0.42.

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

Analyst Upgrades and Downgrades

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

About National Energy Services Reunited

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.