National Energy Services Reunited (NASDAQ:NESR) Sets New 1-Year Low - Should You Sell?

National Energy Services Reunited Corp. (NASDAQ:NESR - Get Free Report)'s share price hit a new 52-week low on Wednesday . The company traded as low as $7.16 and last traded at $7.47, with a volume of 2269528 shares changing hands. The stock had previously closed at $7.36.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of National Energy Services Reunited from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Benchmark began coverage on National Energy Services Reunited in a research note on Tuesday, January 21st. They set a "buy" rating and a $15.00 price target on the stock.

National Energy Services Reunited Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10. The firm has a 50 day moving average price of $8.44 and a two-hundred day moving average price of $8.75. The company has a market capitalization of $596.45 million, a P/E ratio of 7.76 and a beta of 0.35.

National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The company had revenue of $343.68 million for the quarter, compared to analyst estimates of $339.84 million. On average, research analysts expect that National Energy Services Reunited Corp. will post 1.03 earnings per share for the current fiscal year.

Institutional Trading of National Energy Services Reunited

Several hedge funds have recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of National Energy Services Reunited during the fourth quarter worth $41,000. Tower Research Capital LLC TRC acquired a new stake in National Energy Services Reunited in the 4th quarter valued at about $49,000. National Bank of Canada FI bought a new position in shares of National Energy Services Reunited in the fourth quarter worth about $74,000. TD Waterhouse Canada Inc. acquired a new position in shares of National Energy Services Reunited during the fourth quarter worth approximately $89,000. Finally, Robotti Robert bought a new stake in shares of National Energy Services Reunited during the fourth quarter valued at approximately $90,000. Institutional investors and hedge funds own 15.55% of the company's 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.