Picton Mahoney Asset Management Decreases Holdings in National Energy Services (NESR)

Picton Mahoney Asset Management reduced its stake in National Energy Services (NASDAQ:NESR) by 6.8% during the 3rd quarter, Holdings Channel reports. The firm owned 799,100 shares of the company’s stock after selling 58,683 shares during the period. Picton Mahoney Asset Management’s holdings in National Energy Services were worth $3,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, FMR LLC acquired a new position in shares of National Energy Services in the second quarter valued at $9,887,000. Institutional investors and hedge funds own 5.43% of the company’s stock.

NESR stock opened at $10.30 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 0.22. National Energy Services has a 52 week low of $9.51 and a 52 week high of $14.38.

NESR has been the topic of several research reports. National Bank Financial reiterated an “outperform” rating and issued a $15.00 price objective on shares of National Energy Services in a report on Tuesday, July 31st. BTIG Research initiated coverage on shares of National Energy Services in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Evercore ISI initiated coverage on shares of National Energy Services in a research note on Wednesday, October 10th. They issued an “outperform” rating and a $17.00 price target on the stock.

TRADEMARK VIOLATION WARNING: This report was first reported by WKRB News and is owned by of WKRB News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.wkrb13.com/2018/11/10/picton-mahoney-asset-management-decreases-holdings-in-national-energy-services-nesr.html.

About National Energy Services

National Energy Services Reunited Corp. intends to engage in merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more target businesses. The company was founded in 2017 and is headquartered in Houston, Texas.

Featured Article: Understanding Market Liquidity

Want to see what other hedge funds are holding NESR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Energy Services (NASDAQ:NESR).

Institutional Ownership by Quarter for National Energy Services (NASDAQ:NESR)

Receive News & Ratings for National Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply