Yousif Mohammed Ali Al-Nowais Sells 220,568 Shares of National Energy Services Reunited (NASDAQ:NESR) Stock

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 220,568 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $26.06, for a total transaction of $5,748,002.08. Following the completion of the sale, the director owned 4,832,900 shares in the company, valued at approximately $125,945,374. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Yousif Mohammed Ali Al-Nowais also recently made the following trade(s):

• On Tuesday, May 19th, Yousif Mohammed Ali Al-Nowais sold 3,500 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.13, for a total transaction of $91,455.00.
• On Thursday, May 14th, Yousif Mohammed Ali Al-Nowais sold 81,302 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.35, for a total transaction of $2,142,307.70.
• On Wednesday, May 13th, Yousif Mohammed Ali Al-Nowais sold 223,626 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.85, for a total transaction of $6,004,358.10.

National Energy Services Reunited Price Performance

Shares of National Energy Services Reunited stock opened at $26.29 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $23.21 and its two-hundred day moving average price is $19.59. National Energy Services Reunited has a 52 week low of $5.47 and a 52 week high of $27.25. The stock has a market cap of $2.65 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 0.34 and a beta of 0.38.

National Energy Services Reunited (NASDAQ:NESR) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. National Energy Services Reunited had a net margin of 4.53% and a return on equity of 9.77%. The firm had revenue of $404.59 million for the quarter, compared to analysts’ expectations of $370.87 million. National Energy Services Reunited’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, sell-side analysts anticipate that National Energy Services Reunited will post 1.64 EPS for the current fiscal year.

Institutional Trading of National Energy Services Reunited

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in National Energy Services Reunited by 373.8% during the 4th quarter. Royal Bank of Canada now owns 1,900 shares of the company’s stock valued at $30,000 after acquiring an additional 1,499 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in National Energy Services Reunited during the 3rd quarter valued at about $34,000. Legal & General Group Plc purchased a new position in National Energy Services Reunited during the 2nd quarter valued at about $34,000. Acadian Asset Management LLC purchased a new position in National Energy Services Reunited during the 1st quarter valued at about $48,000. Finally, Osaic Holdings Inc. purchased a new position in National Energy Services Reunited during the 2nd quarter valued at about $73,000. Institutional investors and hedge funds own 15.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Piper Sandler boosted their price target on shares of National Energy Services Reunited from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday. Wall Street Zen upgraded National Energy Services Reunited from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Barclays boosted their price objective on National Energy Services Reunited from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Zacks Research downgraded National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, National Energy Services Reunited currently has an average rating of “Moderate Buy” and a consensus target price of $28.86.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp (NASDAQ: NESR) is a publicly traded oilfield services company formed in 2021 through a business combination that brought together complementary drilling and production service providers. The company’s mission is to deliver integrated solutions across the upstream oil and gas value chain, combining regional expertise with global operational standards.

NESR’s service portfolio spans drilling, completion and production, offering products and capabilities such as cementing, coiled tubing, hydraulic fracturing, well stimulation, pumping services and intervention solutions.