National Energy Services Reunited (NASDAQ:NESR) announced its earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02), Fidelity Earnings reports. National Energy Services Reunited had a net margin of 10.70% and a return on equity of 13.27%. The business had revenue of $161.61 million for the quarter, compared to analyst estimates of $160.69 million.
NASDAQ:NESR traded down $0.05 during mid-day trading on Friday, hitting $7.38. 610,900 shares of the company’s stock traded hands, compared to its average volume of 167,634. The company has a fifty day moving average of $6.65 and a 200 day moving average of $8.08. National Energy Services Reunited has a twelve month low of $5.93 and a twelve month high of $10.80. The company has a current ratio of 2.36, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42.
Several research analysts recently issued reports on NESR shares. Evercore ISI reaffirmed a “buy” rating and set a $17.00 target price on shares of National Energy Services Reunited in a research report on Thursday, August 8th. Zacks Investment Research lowered National Energy Services Reunited from a “hold” rating to a “sell” rating in a research report on Friday, August 16th.
About National Energy Services Reunited
National Energy Services Reunited Corp., through its subsidiaries, provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through Production Services, and Drilling and Evaluation Services segments. The Production Services segment offers coiled tubing services, such as nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; primary and remedial cementing services; stimulation and pumping services; nitrogen services; and filtration services, as well as frac tanks and pumping units.
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