National Energy Services Reunited Corp. (NASDAQ:NESR - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $8.51, but opened at $9.25. National Energy Services Reunited shares last traded at $8.80, with a volume of 20,337 shares.
Analysts Set New Price Targets
Separately, BTIG Research began coverage on National Energy Services Reunited in a research note on Friday, October 25th. They issued a "buy" rating and a $15.00 target price on the stock.
Check Out Our Latest Research Report on NESR
National Energy Services Reunited Trading Up 3.2 %
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 business has a 50 day moving average price of $9.12 and a two-hundred day moving average price of $9.27.
National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.29 EPS for the quarter. The company had revenue of $324.97 million during the quarter.
Institutional Investors Weigh In On National Energy Services Reunited
An institutional investor recently bought a new position in National Energy Services Reunited stock. HITE Hedge Asset Management LLC bought a new stake in shares of National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 at the end of the most recent reporting period. 15.55% of the stock is currently 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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