HITE Hedge Asset Management LLC Takes $6.65 Million Position in National Energy Services Reunited Corp. (NASDAQ:NESR)

HITE Hedge Asset Management LLC acquired a new stake in shares of National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 703,162 shares of the company's stock, valued at approximately $6,645,000. HITE Hedge Asset Management LLC owned approximately 0.74% of National Energy Services Reunited as of its most recent filing with the Securities & Exchange Commission.

Analyst Upgrades and Downgrades

Separately, BTIG Research initiated coverage on National Energy Services Reunited in a research report on Friday, October 25th. They issued a "buy" rating and a $15.00 price target on the stock.

National Energy Services Reunited Price Performance

Shares of National Energy Services Reunited stock traded down $0.28 during midday trading on Tuesday, hitting $8.85. The company had a trading volume of 166,809 shares, compared to its average volume of 132,486. National Energy Services Reunited Corp. has a 1-year low of $3.80 and a 1-year high of $10.30. The business's 50 day simple moving average is $8.99 and its two-hundred day simple moving average is $9.19. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

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.