Shares of National Energy Services Reunited Corp. (NASDAQ:NESR - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $8.85, but opened at $8.58. National Energy Services Reunited shares last traded at $8.51, with a volume of 17,378 shares trading hands.
Analysts Set New Price Targets
Separately, BTIG Research assumed 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 on the stock.
Check Out Our Latest Analysis on National Energy Services Reunited
National Energy Services Reunited Stock Performance
The company has a quick ratio of 0.89, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average of $9.16 and a 200 day moving average of $9.29.
National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.29 earnings per share for the quarter. The business had revenue of $324.97 million for the quarter.
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 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.
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