Brokerages expect National Energy Services Reunited Corp (NASDAQ:NESR) to announce earnings of $0.24 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for National Energy Services Reunited’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.28. The company is scheduled to issue its next quarterly earnings results on Monday, August 12th.

According to Zacks, analysts expect that National Energy Services Reunited will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.95 to $0.97. For the next fiscal year, analysts anticipate that the business will post earnings of $1.40 per share, with EPS estimates ranging from $1.30 to $1.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for National Energy Services Reunited.

National Energy Services Reunited (NASDAQ:NESR) last released its quarterly earnings results on Monday, May 13th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.05). National Energy Services Reunited had a net margin of 9.65% and a return on equity of 10.65%. The firm had revenue of $151.70 million during the quarter, compared to the consensus estimate of $148.37 million.

Separately, Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. National Energy Services Reunited presently has an average rating of “Buy” and a consensus price target of $14.50.

Hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG bought a new position in National Energy Services Reunited during the fourth quarter worth $34,000. Strs Ohio bought a new position in National Energy Services Reunited during the second quarter worth $54,000. BlackRock Inc. bought a new position in National Energy Services Reunited during the fourth quarter worth $60,000. Geode Capital Management LLC bought a new position in National Energy Services Reunited during the fourth quarter worth $136,000. Finally, Crown Advisors Management Inc. bought a new position in National Energy Services Reunited during the first quarter worth $219,000. 16.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:NESR traded up $0.05 during trading on Friday, reaching $8.15. The stock had a trading volume of 77,586 shares, compared to its average volume of 269,143. National Energy Services Reunited has a 52 week low of $7.42 and a 52 week high of $14.38. The company has a quick ratio of 1.11, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average is $8.32.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp., through its subsidiaries, provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through Production Services, and Drilling and Evaluation Services segments. The Production Services segment offers coiled tubing services, such as nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; primary and remedial cementing services; stimulation and pumping services; nitrogen services; and filtration services, as well as frac tanks and pumping units.

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