National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais Sells 573,544 Shares

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 573,544 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $26.14, for a total transaction of $14,992,440.16. Following the transaction, the director directly owned 4,255,856 shares in the company, valued at approximately $111,248,075.84. This trade represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 Price Performance

National Energy Services Reunited stock opened at $25.76 on Friday. National Energy Services Reunited has a 52 week low of $5.47 and a 52 week high of $27.25. The company has a quick ratio of 0.90, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $23.32 and its 200 day simple moving average is $19.63. The firm has a market capitalization of $2.60 billion, a PE ratio of 39.63, a P/E/G ratio of 0.34 and a beta of 0.38.

National Energy Services Reunited (NASDAQ:NESR) last released its quarterly earnings data on Monday, May 11th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. National Energy Services Reunited had a net margin of 4.53% and a return on equity of 9.77%. The business had revenue of $404.59 million for the quarter, compared to analyst estimates of $370.87 million. National Energy Services Reunited’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, equities research analysts predict that National Energy Services Reunited will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on NESR. BTIG Research boosted their price objective on shares of National Energy Services Reunited from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of National Energy Services Reunited from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. UBS Group boosted their price objective on shares of National Energy Services Reunited from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Zacks Research lowered shares of National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, National Energy Services Reunited currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new position in National Energy Services Reunited in the 3rd quarter valued at about $608,000. Citigroup Inc. lifted its holdings in National Energy Services Reunited by 680.2% in the 3rd quarter. Citigroup Inc. now owns 186,801 shares of the company’s stock valued at $1,917,000 after purchasing an additional 162,858 shares in the last quarter. Kazazian Asset Management LLC lifted its holdings in National Energy Services Reunited by 71.7% in the 3rd quarter. Kazazian Asset Management LLC now owns 143,650 shares of the company’s stock valued at $1,474,000 after purchasing an additional 60,000 shares in the last quarter. MMCAP International Inc. SPC lifted its holdings in National Energy Services Reunited by 40.5% in the 3rd quarter. MMCAP International Inc. SPC now owns 845,142 shares of the company’s stock valued at $8,671,000 after purchasing an additional 243,785 shares in the last quarter. Finally, Oxbow Advisors LLC purchased a new position in National Energy Services Reunited in the 4th quarter valued at about $4,102,000. 15.55% of the stock is currently owned by hedge funds and other institutional investors.

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.