Wall Street brokerages expect National Energy Services Reunited Corp (NASDAQ:NESR) to report sales of $154.81 million for the current quarter, according to Zacks. Two analysts have made estimates for National Energy Services Reunited’s earnings, with estimates ranging from $152.51 million to $157.11 million. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 21st.

According to Zacks, analysts expect that National Energy Services Reunited will report full year sales of $538.26 million for the current year, with estimates ranging from $525.40 million to $551.11 million. For the next year, analysts forecast that the firm will report sales of $642.21 million, with estimates ranging from $630.90 million to $653.52 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for National Energy Services Reunited.

NESR has been the subject of several research reports. Wolfe Research initiated coverage on shares of National Energy Services Reunited in a research report on Friday, March 8th. They set an “outperform” rating for the company. JPMorgan Chase & Co. initiated coverage on shares of National Energy Services Reunited in a research report on Wednesday, February 20th. They set an “overweight” rating and a $13.00 price target for the company. Finally, Zacks Investment Research lowered shares of National Energy Services Reunited from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $15.00.

NASDAQ NESR opened at $10.05 on Thursday. National Energy Services Reunited has a 52 week low of $7.42 and a 52 week high of $14.38.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of National Energy Services Reunited during the 4th quarter valued at about $60,000. Ramsey Quantitative Systems bought a new position in shares of National Energy Services Reunited during the 4th quarter valued at approximately $90,000. Tower Research Capital LLC TRC grew its stake in shares of National Energy Services Reunited by 30,262.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,627 shares of the company’s stock valued at $124,000 after acquiring an additional 10,592 shares during the period. Virtu Financial LLC bought a new position in shares of National Energy Services Reunited during the 3rd quarter valued at approximately $143,000. Finally, Geode Capital Management LLC bought a new position in shares of National Energy Services Reunited during the 4th quarter valued at approximately $136,000. 10.10% of the stock is owned by hedge funds and other institutional investors.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp. provides oilfield services in the Middle East, North Africa, and the Asia Pacific regions. It helps its customers unlock the potential of reservoirs by providing production services, such as cementing, coiled tubing, filtration, completions, stimulation and fracturing, and nitrogen services.

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