Penn Capital Management Company LLC Invests $371,000 in National Energy Services Reunited Corp. (NASDAQ:NESR)

Penn Capital Management Company LLC purchased a new stake in shares of National Energy Services Reunited Corp. (NASDAQ:NESR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 41,354 shares of the company's stock, valued at approximately $371,000.

A number of other institutional investors also recently bought and sold shares of the stock. SCF Partners Inc. bought a new position in shares of National Energy Services Reunited in the fourth quarter worth about $71,605,000. ExodusPoint Capital Management LP purchased a new position in shares of National Energy Services Reunited in the fourth quarter valued at $7,098,000. Dodge & Cox bought a new stake in National Energy Services Reunited in the fourth quarter worth $6,882,000. Long Focus Capital Management LLC purchased a new position in shares of National Energy Services Reunited in the 4th quarter worth $4,461,000. Finally, Tejara Capital Ltd purchased a new stake in shares of National Energy Services Reunited during the 4th quarter valued at about $3,600,000. 15.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

National Energy Services Reunited Trading Down 0.8 %

NESR stock traded down $0.05 during midday trading on Monday, reaching $6.35. The company's stock had a trading volume of 121,370 shares, compared to its average volume of 146,475. National Energy Services Reunited Corp. has a 1 year low of $5.20 and a 1 year high of $10.30. The firm has a market capitalization of $609.89 million, a price-to-earnings ratio of 7.94 and a beta of 0.35. The stock has a fifty day simple moving average of $7.29 and a two-hundred day simple moving average of $8.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10.

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, meeting the consensus estimate of $0.30. The company had revenue of $343.68 million during the quarter, compared to analysts' expectations of $339.84 million. On average, equities research analysts predict that National Energy Services Reunited Corp. will post 1.03 EPS for the current year.

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.