Barclays Issues Positive Forecast for National Energy Services Reunited (NASDAQ:NESR) Stock Price

National Energy Services Reunited (NASDAQ:NESR) had its price target hoisted by equities researchers at Barclays from $16.00 to $17.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 113.17% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Benchmark initiated coverage on shares of National Energy Services Reunited in a research report on Tuesday, January 21st. They set a “buy” rating and a $15.00 price target for the company. JPMorgan Chase & Co. started coverage on National Energy Services Reunited in a research note on Friday, December 6th. They set an “overweight” rating and a $13.00 price target for the company.

National Energy Services Reunited Stock Down 1.4 %

NESR traded down $0.12 on Thursday, hitting $7.98. 15,326 shares of the company traded hands, compared to its average volume of 183,437. National Energy Services Reunited has a 12-month low of $7.36 and a 12-month high of $10.30. The company has a 50 day moving average of $8.88 and a 200-day moving average of $8.99. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.33.

National Energy Services Reunited (NASDAQ:NESR) last issued its earnings results on Wednesday, March 12th. The company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. As a group, analysts predict that National Energy Services Reunited will post 1.03 earnings per share for the current year.

Institutional Investors Weigh In On National Energy Services Reunited

Large investors have recently made changes to their positions in the business. R Squared Ltd acquired a new position in shares of National Energy Services Reunited during the fourth quarter worth about $41,000. Tower Research Capital LLC TRC acquired a new position in shares of National Energy Services Reunited in the 4th quarter valued at approximately $49,000. National Bank of Canada FI bought a new stake in shares of National Energy Services Reunited in the fourth quarter worth $74,000. TD Waterhouse Canada Inc. acquired a new stake in National Energy Services Reunited in the fourth quarter valued at $89,000. Finally, Robotti Robert acquired a new position in National Energy Services Reunited during the 4th quarter worth $90,000. Institutional investors and hedge funds own 15.55% of the company’s stock.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. The company’s 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 and industrial 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.