Shares of National Energy Services Reunited Corp. (NASDAQ:NESR - Get Free Report) were up 1.6% during mid-day trading on Monday . The stock traded as high as $8.87 and last traded at $8.79. Approximately 102,162 shares were traded during trading, a decline of 21% from the average daily volume of 129,971 shares. The stock had previously closed at $8.65.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. BTIG Research initiated coverage on National Energy Services Reunited in a report on Friday, October 25th. They issued a "buy" rating and a $15.00 target price for the company. JPMorgan Chase & Co. started coverage on National Energy Services Reunited in a research report on Friday, December 6th. They set an "overweight" rating and a $13.00 price target on the stock.
Get Our Latest Stock Report on National Energy Services Reunited
National Energy Services Reunited Price Performance
The business's fifty day moving average price is $8.83 and its 200 day moving average price is $9.04. 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 Trading of 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 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 & 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 quarter. 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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