322,752 Shares in National Energy Services Reunited Corp. (NASDAQ:NESR) Bought by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 322,752 shares of the company's stock, valued at approximately $2,892,000. Marshall Wace LLP owned approximately 0.34% of National Energy Services Reunited at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in National Energy Services Reunited during the fourth quarter worth $41,000. National Bank of Canada FI bought a new position in shares of National Energy Services Reunited in the 4th quarter worth about $74,000. Robotti Robert acquired a new position in shares of National Energy Services Reunited in the 4th quarter valued at about $90,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of National Energy Services Reunited during the 4th quarter valued at about $107,000. Finally, Sei Investments Co. acquired a new stake in National Energy Services Reunited during the fourth quarter worth about $328,000. 15.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on NESR shares. Barclays lifted their target price on 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 objective for the company.

National Energy Services Reunited Price Performance

Shares of NASDAQ:NESR opened at $6.40 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The firm's 50 day moving average is $7.29 and its two-hundred day moving average is $8.38. The firm has a market capitalization of $614.69 million, a P/E ratio of 8.00 and a beta of 0.35. National Energy Services Reunited Corp. has a 52 week low of $5.20 and a 52 week high of $10.30.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last posted its earnings results on Wednesday, March 12th. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The business had revenue of $343.68 million during the quarter, compared to analyst estimates of $339.84 million. Analysts anticipate that National Energy Services Reunited Corp. will post 1.03 earnings per share for the current 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.

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