Boston Partners Boosts Holdings in National Energy Services Reunited $NESR

Boston Partners lifted its stake in shares of National Energy Services Reunited (NASDAQ:NESR) by 240.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,945 shares of the company’s stock after buying an additional 117,840 shares during the quarter. Boston Partners’ holdings in National Energy Services Reunited were worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in National Energy Services Reunited in the first quarter worth about $48,000. EntryPoint Capital LLC bought a new position in shares of National Energy Services Reunited in the 1st quarter worth approximately $81,000. Trexquant Investment LP bought a new position in shares of National Energy Services Reunited in the 1st quarter worth approximately $89,000. ProShare Advisors LLC bought a new position in shares of National Energy Services Reunited in the 2nd quarter worth approximately $75,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of National Energy Services Reunited during the first quarter valued at approximately $92,000. 15.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Zacks Research raised National Energy Services Reunited from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Energy Services Reunited in a research report on Wednesday, October 8th. National Bankshares set a $16.00 price target on shares of National Energy Services Reunited in a research note on Tuesday, September 9th. Wall Street Zen lowered shares of National Energy Services Reunited from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, BTIG Research raised their target price on shares of National Energy Services Reunited from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.29.

National Energy Services Reunited Stock Performance

Shares of NESR opened at $13.75 on Friday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 18.84 and a beta of 0.38. The business’s fifty day simple moving average is $11.25 and its two-hundred day simple moving average is $8.30. National Energy Services Reunited has a 12 month low of $5.20 and a 12 month high of $14.50. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24.

National Energy Services Reunited (NASDAQ:NESR) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. National Energy Services Reunited had a return on equity of 8.32% and a net margin of 5.53%.The firm had revenue of $295.32 million during the quarter, compared to analysts’ expectations of $292.46 million. Research analysts anticipate that National Energy Services Reunited will post 1.03 earnings per share 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.