National Energy Services Reunited Corp. (NASDAQ:NESR - Get Free Report) saw an uptick in trading volume on Wednesday . 115,059 shares were traded during trading, a decline of 8% from the previous session's volume of 125,043 shares.The stock last traded at $8.94 and had previously closed at $8.73.
Analysts Set New Price Targets
NESR has been the subject of a number of analyst reports. BTIG Research began coverage on shares of National Energy Services Reunited in a report on Friday, October 25th. They issued a "buy" rating and a $15.00 price objective 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.
View Our Latest Report on National Energy Services Reunited
National Energy Services Reunited Trading Up 2.9 %
The stock has a 50-day simple moving average of $8.69 and a 200 day simple moving average of $9.01. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.33.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in National Energy Services Reunited stock. HITE Hedge Asset Management LLC acquired a new position in shares of National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 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 as of its most recent filing with the SEC. Institutional investors own 15.55% of the company's stock.
About National Energy Services Reunited
(
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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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