Iridian Asset Management LLC CT Invests $1.38 Million in National Energy Services Reunited Corp. (NASDAQ:NESR)

Iridian Asset Management LLC CT purchased a new stake in National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 153,836 shares of the company's stock, valued at approximately $1,378,000. Iridian Asset Management LLC CT owned 0.16% of National Energy Services Reunited as of its most recent SEC filing.

Separately, R Squared Ltd bought a new stake in National Energy Services Reunited during the 4th quarter worth about $41,000. 15.55% of the stock is currently owned by hedge funds and other institutional investors.

National Energy Services Reunited Stock Performance

Shares of NESR stock remained flat at $9.45 during midday trading on Tuesday. 96,065 shares of the company traded hands, compared to its average volume of 170,733. National Energy Services Reunited Corp. has a 1-year low of $6.51 and a 1-year high of $10.30. The firm has a 50 day moving average price of $8.92 and a 200 day moving average price of $9.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NESR. BTIG Research began coverage on National Energy Services Reunited in a research note on Friday, October 25th. They issued a "buy" rating and a $15.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of National Energy Services Reunited in a research note on Friday, December 6th. They issued an "overweight" rating and a $13.00 price target for the company. Barclays restated an "overweight" rating and set a $16.00 price objective on shares of National Energy Services Reunited in a research note on Friday, January 31st. Finally, Benchmark began coverage on National Energy Services Reunited in a report on Tuesday, January 21st. They set a "buy" rating and a $15.00 price target for the company.

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.