703,162 Shares in National Energy Services Reunited Corp. (NASDAQ:NESR) Acquired by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC bought a new stake in National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 703,162 shares of the company's stock, valued at approximately $6,645,000. HITE Hedge Asset Management LLC owned 0.74% of National Energy Services Reunited at the end of the most recent reporting period.

National Energy Services Reunited Trading Down 3.1 %

Shares of NESR traded down $0.28 during trading hours on Tuesday, hitting $8.85. 166,809 shares of the company were exchanged, compared to its average volume of 132,486. The firm has a fifty day simple moving average of $8.99 and a 200-day simple moving average of $9.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10. National Energy Services Reunited Corp. has a one year low of $3.80 and a one year high of $10.30.

Analysts Set New Price Targets

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

National Energy Services Reunited Company 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.