ExodusPoint Capital Management LP Purchases Shares of 792,178 National Energy Services Reunited Corp. (NASDAQ:NESR)

ExodusPoint Capital Management LP acquired a new position in shares of National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 792,178 shares of the company's stock, valued at approximately $7,098,000. ExodusPoint Capital Management LP owned about 0.83% of National Energy Services Reunited as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in NESR. Diametric Capital LP purchased a new stake in National Energy Services Reunited in the 4th quarter valued at $408,000. National Bank of Canada FI acquired a new stake in shares of National Energy Services Reunited during the fourth quarter worth about $74,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of National Energy Services Reunited during the fourth quarter worth about $107,000. Robotti Robert acquired a new position in National Energy Services Reunited in the 4th quarter valued at about $90,000. Finally, JPMorgan Chase & Co. purchased a new stake in National Energy Services Reunited during the 4th quarter valued at approximately $394,000. Institutional investors and hedge funds own 15.55% of the company's stock.

National Energy Services Reunited Price Performance

NASDAQ:NESR traded down $0.38 during trading hours on Thursday, hitting $5.84. The company's stock had a trading volume of 184,488 shares, compared to its average volume of 144,240. National Energy Services Reunited Corp. has a 52-week low of $5.20 and a 52-week high of $10.30. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10. The business's 50-day moving average is $8.10 and its two-hundred day moving average is $8.64. The company has a market capitalization of $560.52 million, a PE ratio of 7.32 and a beta of 0.35.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $343.68 million during the quarter, compared to analyst estimates of $339.84 million. As a group, research analysts anticipate that National Energy Services Reunited Corp. will post 1.03 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.