Key Points
- Director Yousif Mohammed Ali Al-Nowais sold 242,497 NESR shares on May 22 at an average price of $26.14, generating about $6.34 million. The sale reduced his position by 5.7%, though he still held more than 4.0 million shares afterward.
- Al-Nowais has been actively trimming his stake, with several additional sales reported in mid- to late May, including a 457,391-share sale on May 26 and a 573,544-share sale on May 20. These transactions total many millions of dollars and indicate sustained insider selling.
- NESR reported stronger-than-expected quarterly results, posting EPS of $0.26 versus estimates of $0.21 and revenue of $404.6 million versus expectations of $370.9 million. Analysts remain generally positive, with a consensus rating of “Moderate Buy” and a price target of $28.86.
National Energy Services Reunited (NASDAQ:NESR - Get Free Report) Director Yousif Mohammed Ali Al-Nowais sold 242,497 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $26.14, for a total value of $6,338,871.58. Following the sale, the director owned 4,013,359 shares of the company's stock, valued at approximately $104,909,204.26. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Yousif Mohammed Ali Al-Nowais also recently made the following trade(s):
- On Tuesday, May 26th, Yousif Mohammed Ali Al-Nowais sold 457,391 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.12, for a total value of $11,947,052.92.
- 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 transaction 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 transaction 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 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 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 $25.24 on Thursday. 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 firm has a fifty day simple moving average of $23.68 and a 200-day simple moving average of $19.96. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 0.34 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.
National Energy Services Reunited (NASDAQ:NESR - Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. The business had revenue of $404.59 million for the quarter, compared to analyst estimates of $370.87 million. National Energy Services Reunited had a return on equity of 9.77% and a net margin of 4.53%.The firm's revenue was up 33.5% compared to the same quarter last year. On average, sell-side analysts expect that National Energy Services Reunited will post 1.64 earnings per share for the current year.
Analyst Ratings Changes
NESR has been the topic of several research analyst reports. Barclays raised 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. BTIG Research raised 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. Wall Street Zen upgraded shares of National Energy Services Reunited from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 16th. Zacks Research downgraded shares of National Energy Services Reunited from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Finally, UBS Group increased their target price on shares of National Energy Services Reunited from $31.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.86.
Get Our Latest Analysis on NESR
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of National Energy Services Reunited by 21.4% in the first quarter. Bank of America Corp DE now owns 597,400 shares of the company's stock valued at $12,826,000 after purchasing an additional 105,205 shares in the last quarter. Empowered Funds LLC raised its stake in shares of National Energy Services Reunited by 9.3% in the first quarter. Empowered Funds LLC now owns 491,009 shares of the company's stock valued at $10,542,000 after purchasing an additional 41,741 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of National Energy Services Reunited by 2.2% in the first quarter. Lazard Asset Management LLC now owns 120,408 shares of the company's stock valued at $2,585,000 after purchasing an additional 2,630 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of National Energy Services Reunited by 115.6% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 334,823 shares of the company's stock valued at $7,189,000 after purchasing an additional 179,498 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of National Energy Services Reunited in the first quarter valued at $1,735,000. 15.55% of the stock is currently owned by institutional investors and hedge funds.
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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