Barclays reiterated their overweight rating on shares of National Energy Services Reunited (NASDAQ:NESR - Free Report) in a research note issued to investors on Friday, MarketBeat Ratings reports. They currently have a $16.00 price target on the stock.
A number of other equities research analysts also recently issued reports on the company. 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 target on the stock. JPMorgan Chase & Co. began coverage on 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. Finally, Benchmark initiated 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 objective on the stock.
Read Our Latest Report on NESR
National Energy Services Reunited Stock Performance
National Energy Services Reunited stock traded up $0.18 during midday trading on Friday, hitting $9.43. The company's stock had a trading volume of 177,534 shares, compared to its average volume of 178,683. The company has a 50-day moving average price of $8.86 and a two-hundred day moving average price of $9.03. National Energy Services Reunited has a 1-year low of $6.51 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.
Institutional Trading of National Energy Services Reunited
Several large investors have recently bought and sold shares of NESR. HITE Hedge Asset Management LLC bought a new position in shares of National Energy Services Reunited in the third quarter worth about $6,645,000. R Squared Ltd bought a new position in National Energy Services Reunited in the 4th quarter valued at approximately $41,000. Finally, Iridian Asset Management LLC CT bought a new position in National Energy Services Reunited in the 4th quarter valued at approximately $1,378,000. 15.55% of the stock is owned by institutional investors and hedge funds.
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.
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