Mejia Antonio Campo Sells 63,324 Shares of National Energy Services Reunited (NASDAQ:NESR) Stock

by · The Markets Daily

National Energy Services Reunited (NASDAQ:NESR – Get Free Report) Director Mejia Antonio Campo sold 63,324 shares of National Energy Services Reunited stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $35.45, for a total transaction of $2,244,835.80. Following the sale, the director directly owned 696,398 shares of the company’s stock, valued at $24,687,309.10. The trade was a 8.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

National Energy Services Reunited Stock Performance

NESR traded down $0.28 on Friday, reaching $33.54. The company had a trading volume of 1,301,938 shares, compared to its average volume of 1,989,360. The stock has a market cap of $3.38 billion, a P/E ratio of 36.46, a P/E/G ratio of 0.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.02. National Energy Services Reunited has a fifty-two week low of $9.92 and a fifty-two week high of $36.94. The company’s fifty day moving average is $31.05 and its 200 day moving average is $26.52.

National Energy Services Reunited (NASDAQ:NESR – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.09. National Energy Services Reunited had a net margin of 5.77% and a return on equity of 12.07%. The firm had revenue of $520.75 million during the quarter, compared to the consensus estimate of $448.54 million. National Energy Services Reunited’s revenue for the quarter was up 59.1% compared to the same quarter last year. As a group, analysts predict that National Energy Services Reunited will post 1.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Energy Services Reunited

Several institutional investors have recently made changes to their positions in NESR. Dodge & Cox increased its stake in National Energy Services Reunited by 5.6% during the 3rd quarter. Dodge & Cox now owns 2,255,894 shares of the company’s stock worth $23,145,000 after acquiring an additional 119,100 shares during the period. Citadel Advisors LLC bought a new stake in shares of National Energy Services Reunited during the 3rd quarter valued at $22,722,000. California State Teachers Retirement System grew its holdings in shares of National Energy Services Reunited by 59,073.6% during the 2nd quarter. California State Teachers Retirement System now owns 2,162,203 shares of the company’s stock worth $64,715,000 after purchasing an additional 2,158,549 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of National Energy Services Reunited by 103.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,960,587 shares of the company’s stock worth $42,088,000 after purchasing an additional 997,300 shares in the last quarter. Finally, Boston Partners increased its position in shares of National Energy Services Reunited by 155.6% in the fourth quarter. Boston Partners now owns 1,953,328 shares of the company’s stock worth $30,594,000 after purchasing an additional 1,189,035 shares during the period. 15.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on NESR. Wall Street Zen upgraded National Energy Services Reunited from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Barclays increased their price objective on National Energy Services Reunited from $35.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. BTIG Research lifted their target price on National Energy Services Reunited from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Citigroup reissued a “buy” rating on shares of National Energy Services Reunited in a research report on Monday, August 10th. Finally, Zacks Research upgraded shares of National Energy Services Reunited from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $33.57.

View Our Latest Stock Report on NESR

About National Energy Services Reunited

(Get Free Report)

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.

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