Key Points
- Director Yousif Mohammed Ali Al-Nowais sold 220,568 shares of National Energy Services Reunited on May 18 at an average price of $26.06, totaling about $5.75 million. After the sale, he still owned 4,832,900 shares, worth roughly $125.9 million.
- The director also made several additional sales around the same period, including 223,626 shares on May 13 and 81,302 shares on May 14, indicating a broader reduction in his stake.
- NESR shares were trading up 2.7% at $26.10, near their 12-month high of $27.25, after the company recently reported strong quarterly results with EPS and revenue both beating expectations.
National Energy Services Reunited (NASDAQ:NESR - Get Free Report) Director Yousif Mohammed Ali Al-Nowais sold 3,500 shares of the company's stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.13, for a total transaction of $91,455.00. Following the completion of the sale, the director owned 4,829,400 shares in the company, valued at approximately $126,192,222. This trade represents a 0.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Yousif Mohammed Ali Al-Nowais also recently made the following trade(s):
- On Monday, May 18th, Yousif Mohammed Ali Al-Nowais sold 220,568 shares of National Energy Services Reunited stock. The shares were sold at an average price of $26.06, for a total transaction 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 shares were 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 shares were sold at an average price of $26.85, for a total transaction of $6,004,358.10.
National Energy Services Reunited Stock Performance
Shares of National Energy Services Reunited stock opened at $26.10 on Thursday. The firm has a market cap of $2.63 billion, a PE ratio of 40.15, a price-to-earnings-growth ratio of 0.33 and a beta of 0.38. National Energy Services Reunited has a 1 year low of $5.47 and a 1 year high of $27.25. The firm's 50-day simple moving average is $23.11 and its 200-day simple moving average is $19.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.04.
National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $404.59 million for the quarter, compared to analyst estimates of $370.87 million. National Energy Services Reunited had a net margin of 4.53% and a return on equity of 9.77%. The company's revenue for the quarter was up 33.5% on a year-over-year basis. Equities analysts forecast that National Energy Services Reunited will post 1.64 earnings per share for the current fiscal year.
Institutional Trading of National Energy Services Reunited
Several institutional investors and hedge funds have recently added to or reduced their stakes in NESR. Royal Bank of Canada lifted its stake in National Energy Services Reunited by 373.8% during the fourth quarter. Royal Bank of Canada now owns 1,900 shares of the company's stock valued at $30,000 after purchasing an additional 1,499 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in National Energy Services Reunited during the third quarter valued at approximately $34,000. Legal & General Group Plc acquired a new stake in National Energy Services Reunited during the second quarter valued at approximately $34,000. Acadian Asset Management LLC acquired a new stake in National Energy Services Reunited during the first quarter valued at approximately $48,000. Finally, Osaic Holdings Inc. acquired a new stake in National Energy Services Reunited during the second quarter valued at approximately $73,000. 15.55% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. UBS Group increased their price objective on shares of National Energy Services Reunited from $31.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, May 12th. Zacks Research lowered shares of National Energy Services Reunited from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. BTIG Research increased their price objective on shares of National Energy Services Reunited from $28.00 to $32.00 and gave the stock a "buy" rating in a research note on Monday, May 11th. Barclays increased their price objective on shares of National Energy Services Reunited from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 13th. Finally, Piper Sandler upped their target price 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. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.86.
Read Our Latest Report on National Energy Services Reunited
National Energy Services Reunited Company Profile
(
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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