Yousif Mohammed Ali Al-Nowais Sells 457,391 Shares of National Energy Services Reunited (NASDAQ:NESR) Stock

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 457,391 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $26.12, for a total value of $11,947,052.92. Following the transaction, the director directly owned 3,555,968 shares of the company’s stock, valued at $92,881,884.16. The trade was a 11.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, May 22nd, Yousif Mohammed Ali Al-Nowais sold 242,497 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.14, for a total value of $6,338,871.58.
• On Wednesday, May 20th, Yousif Mohammed Ali Al-Nowais sold 573,544 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.14, for a total value of $14,992,440.16.
• 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 value of $91,455.00.
• On Monday, May 18th, Yousif Mohammed Ali Al-Nowais sold 220,568 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.06, for a total value of $5,748,002.08.
• 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 value 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 value of $6,004,358.10.

National Energy Services Reunited Trading Down 3.8%

NESR opened at $24.28 on Friday. National Energy Services Reunited has a 12 month low of $5.47 and a 12 month high of $27.25. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 0.33 and a beta of 0.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.04 and a quick ratio of 0.90. The business has a fifty day moving average price of $23.75 and a 200 day moving average price of $20.05.

National Energy Services Reunited (NASDAQ:NESR) last released its 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 return on equity of 9.77% and a net margin of 4.53%.The firm had revenue of $404.59 million during the quarter, compared to analysts’ expectations of $370.87 million. National Energy Services Reunited’s revenue was up 33.5% compared to the same quarter last year. Sell-side analysts expect that National Energy Services Reunited will post 1.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NESR. Weiss Ratings raised National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. BTIG Research lifted their price target on National Energy Services Reunited from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Piper Sandler lifted their price target on National Energy Services Reunited from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. UBS Group lifted their price target on National Energy Services Reunited from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Barclays boosted their target price on National Energy Services Reunited from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, National Energy Services Reunited has an average rating of “Moderate Buy” and a consensus price target of $28.86.

Hedge Funds Weigh In On National Energy Services Reunited

Several institutional investors have recently added to or reduced their stakes in NESR. Citadel Advisors LLC acquired a new position in National Energy Services Reunited in the 3rd quarter valued at about $22,722,000. Boston Partners increased its position in National Energy Services Reunited by 155.6% in the 4th quarter. Boston Partners now owns 1,953,328 shares of the company’s stock valued at $30,594,000 after acquiring an additional 1,189,035 shares during the period. Millennium Management LLC increased its position in National Energy Services Reunited by 1,482.3% in the 4th quarter. Millennium Management LLC now owns 1,237,585 shares of the company’s stock valued at $19,381,000 after acquiring an additional 1,159,372 shares during the period. Dimensional Fund Advisors LP increased its position in National Energy Services Reunited by 103.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,960,587 shares of the company’s stock valued at $42,088,000 after acquiring an additional 997,300 shares during the period. Finally, Walleye Capital LLC acquired a new position in National Energy Services Reunited in the 1st quarter valued at about $19,045,000. Institutional investors and hedge funds own 15.55% of the company’s stock.

About National Energy Services Reunited

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.