JPMorgan Chase & Co. started coverage on shares of National Energy Services Reunited (NASDAQ:NESR - Free Report) in a report issued on Friday, Marketbeat reports. The firm issued an overweight rating and a $13.00 price target on the stock.
Separately, BTIG Research started coverage on National Energy Services Reunited in a research report on Friday, October 25th. They set a "buy" rating and a $15.00 price objective for the company.
Check Out Our Latest Report on NESR
National Energy Services Reunited Stock Performance
National Energy Services Reunited stock traded up $0.06 during trading hours on Friday, hitting $8.91. 178,928 shares of the stock traded hands, compared to its average volume of 132,589. National Energy Services Reunited has a one year low of $3.80 and a one year high of $10.30. The firm's 50-day moving average price is $8.96 and its two-hundred day moving average price is $9.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10.
Institutional Trading of National Energy Services Reunited
A hedge fund recently bought a new stake in National Energy Services Reunited stock. HITE Hedge Asset Management LLC acquired a new stake in shares of National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 703,162 shares of the company's stock, valued at approximately $6,645,000. HITE Hedge Asset Management LLC owned about 0.74% of National Energy Services Reunited at the end of the most recent quarter. 15.55% of the stock is currently owned by hedge funds and other institutional investors.
National Energy Services Reunited Company Profile
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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.
Further Reading
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