768,089 Shares in National Energy Services Reunited Corp. (NASDAQ:NESR) Purchased by Dodge & Cox

Dodge & Cox acquired a new stake in shares of National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 768,089 shares of the company's stock, valued at approximately $6,882,000. Dodge & Cox owned about 0.80% of National Energy Services Reunited at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NESR. SCF Partners Inc. acquired a new stake in National Energy Services Reunited during the fourth quarter worth about $71,605,000. Iridian Asset Management LLC CT acquired a new stake in National Energy Services Reunited during the 4th quarter worth approximately $1,378,000. Arrowstreet Capital Limited Partnership purchased a new position in National Energy Services Reunited in the fourth quarter valued at approximately $107,000. ExodusPoint Capital Management LP acquired a new position in National Energy Services Reunited during the fourth quarter valued at approximately $7,098,000. Finally, Diametric Capital LP purchased a new stake in National Energy Services Reunited during the fourth quarter worth approximately $408,000. 15.55% of the stock is currently owned by hedge funds and other institutional investors.

National Energy Services Reunited Stock Down 0.5 %

National Energy Services Reunited stock traded down $0.03 during midday trading on Monday, hitting $6.00. 19,935 shares of the stock were exchanged, compared to its average volume of 144,816. National Energy Services Reunited Corp. has a 1 year low of $5.20 and a 1 year high of $10.30. 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 has a market cap of $576.28 million, a P/E ratio of 7.50 and a beta of 0.35. The company has a 50 day moving average price of $7.61 and a two-hundred day moving average price of $8.47.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $0.30 EPS for the quarter, meeting analysts' consensus estimates of $0.30. The business had revenue of $343.68 million during the quarter, compared to analysts' expectations of $339.84 million. On average, sell-side analysts predict that National Energy Services Reunited Corp. will post 1.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on NESR. Barclays lifted their target price on shares of National Energy Services Reunited from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Benchmark began coverage on National Energy Services Reunited in a research note on Tuesday, January 21st. They set a "buy" rating and a $15.00 price objective on the stock.

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.