National Energy Services (NESR) Sets New 12-Month Low at $8.29

National Energy Services (NASDAQ:NESR)’s share price reached a new 52-week low on Wednesday . The company traded as low as $8.29 and last traded at $8.95, with a volume of 300 shares. The stock had previously closed at $8.77.

Several brokerages have commented on NESR. Zacks Investment Research cut shares of National Energy Services from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. BTIG Research began coverage on shares of National Energy Services in a research report on Tuesday, October 23rd. They issued a “buy” rating and a $18.00 price target for the company. Evercore ISI began coverage on shares of National Energy Services in a research report on Wednesday, October 10th. They issued an “outperform” rating and a $17.00 price target for the company. Finally, National Bank Financial reissued an “outperform” rating and issued a $15.00 price target on shares of National Energy Services in a research report on Tuesday, July 31st.

A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its position in National Energy Services by 30,262.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,627 shares of the company’s stock valued at $124,000 after buying an additional 10,592 shares during the period. Virtu Financial LLC purchased a new position in National Energy Services in the 3rd quarter valued at approximately $143,000. Morgan Stanley boosted its position in National Energy Services by 746.4% in the 3rd quarter. Morgan Stanley now owns 42,575 shares of the company’s stock valued at $495,000 after buying an additional 37,545 shares during the period. Crystal Rock Capital Management boosted its position in National Energy Services by 64.5% in the 2nd quarter. Crystal Rock Capital Management now owns 378,236 shares of the company’s stock valued at $3,915,000 after buying an additional 148,236 shares during the period. Finally, FMR LLC purchased a new position in National Energy Services in the 2nd quarter valued at approximately $9,887,000. 5.34% of the stock is owned by institutional investors.

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National Energy Services Company Profile (NASDAQ:NESR)

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.

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