Equities analysts expect that National Energy Services Reunited Corp. (NASDAQ:NESR) will announce earnings per share of $0.17 for the current quarter, Zacks reports. Two analysts have issued estimates for National Energy Services Reunited’s earnings. National Energy Services Reunited reported earnings of $0.14 per share in the same quarter last year, which would indicate a positive year over year growth rate of 21.4%. The firm is expected to announce its next earnings report before the market opens on Wednesday, August 4th.
On average, analysts expect that National Energy Services Reunited will report full year earnings of $0.81 per share for the current year, with EPS estimates ranging from $0.78 to $0.83. For the next year, analysts forecast that the business will report earnings of $1.27 per share, with EPS estimates ranging from $1.24 to $1.29. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for National Energy Services Reunited.
A number of analysts have recently commented on NESR shares. Zacks Investment Research lowered shares of National Energy Services Reunited from a “hold” rating to a “sell” rating in a research report on Thursday. National Bank Financial boosted their target price on shares of National Energy Services Reunited from $14.00 to $17.50 in a report on Thursday, June 17th. Finally, National Bankshares boosted their target price on shares of National Energy Services Reunited from $14.00 to $17.50 in a report on Thursday, June 17th.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG increased its holdings in shares of National Energy Services Reunited by 149.3% in the first quarter. UBS Group AG now owns 6,640 shares of the company’s stock valued at $82,000 after purchasing an additional 3,977 shares during the last quarter. Citigroup Inc. increased its holdings in shares of National Energy Services Reunited by 739.4% in the fourth quarter. Citigroup Inc. now owns 8,335 shares of the company’s stock valued at $83,000 after purchasing an additional 7,342 shares during the last quarter. The PNC Financial Services Group Inc. acquired a new position in shares of National Energy Services Reunited in the first quarter valued at $122,000. Schroder Investment Management Group acquired a new position in shares of National Energy Services Reunited in the fourth quarter valued at $123,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of National Energy Services Reunited by 62.2% in the first quarter. BNP Paribas Arbitrage SA now owns 10,038 shares of the company’s stock valued at $124,000 after purchasing an additional 3,850 shares during the last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.
Shares of NESR stock opened at $12.90 on Wednesday. The stock has a fifty day simple moving average of $13.88. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.53. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 19.85 and a beta of 0.93. National Energy Services Reunited has a 12 month low of $5.93 and a 12 month high of $15.95.
National Energy Services Reunited Company Profile
National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through two segments, Production Services; and Drilling and Evaluation Services. The Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems.
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