$0.24 Earnings Per Share Expected for National Energy Services Reunited Corp (NASDAQ:NESR) This Quarter

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

On average, 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 financial year, analysts anticipate that the business will report earnings of $1.40 per share, with EPS estimates ranging from $1.30 to $1.50. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover National Energy Services Reunited.

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

Separately, Zacks Investment Research lowered shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $15.00.

Shares of NASDAQ:NESR traded down $0.22 during mid-day trading on Friday, reaching $8.27. 910 shares of the company’s stock were exchanged, compared to its average volume of 322,830. The firm’s fifty day simple moving average is $8.54. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.11 and a current ratio of 1.37. National Energy Services Reunited has a twelve month low of $7.42 and a twelve month high of $14.38.

Several large investors have recently modified their holdings of NESR. FMR LLC increased its holdings in shares of National Energy Services Reunited by 22.1% in the 1st quarter. FMR LLC now owns 1,358,969 shares of the company’s stock worth $14,202,000 after buying an additional 246,130 shares during the last quarter. Marshall Wace LLP bought a new position in shares of National Energy Services Reunited in the 1st quarter worth $657,000. Crystal Rock Capital Management increased its holdings in shares of National Energy Services Reunited by 16.0% in the 1st quarter. Crystal Rock Capital Management now owns 438,830 shares of the company’s stock worth $4,586,000 after buying an additional 60,594 shares during the last quarter. Crown Advisors Management Inc. bought a new position in shares of National Energy Services Reunited in the 1st quarter worth $219,000. Finally, Tibra Equities Europe Ltd bought a new position in shares of National Energy Services Reunited in the 1st quarter worth $1,446,000. Institutional investors own 16.74% of the company’s stock.

About National Energy Services Reunited

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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