National Energy Services Reunited (NASDAQ:NESR) Shares Gap Down to $6.28

Shares of National Energy Services Reunited Corp. (NASDAQ:NESRGet Rating) gapped down prior to trading on Friday . The stock had previously closed at $6.28, but opened at $5.83. National Energy Services Reunited shares last traded at $5.84, with a volume of 519 shares trading hands.

National Energy Services Reunited Stock Performance

The company has a 50 day moving average price of $6.92 and a two-hundred day moving average price of $7.31.

Institutional Trading of National Energy Services Reunited

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in National Energy Services Reunited by 0.3% during the second quarter. FMR LLC now owns 5,516,332 shares of the company’s stock worth $37,401,000 after acquiring an additional 15,123 shares during the last quarter. Encompass Capital Advisors LLC raised its holdings in National Energy Services Reunited by 4.0% in the 2nd quarter. Encompass Capital Advisors LLC now owns 3,547,155 shares of the company’s stock valued at $24,050,000 after buying an additional 135,560 shares during the period. BlackRock Inc. lifted its position in National Energy Services Reunited by 0.8% in the first quarter. BlackRock Inc. now owns 1,982,267 shares of the company’s stock valued at $16,650,000 after buying an additional 15,415 shares during the last quarter. Boston Partners boosted its stake in National Energy Services Reunited by 5.6% during the first quarter. Boston Partners now owns 1,878,900 shares of the company’s stock worth $15,756,000 after buying an additional 99,074 shares during the period. Finally, Jennison Associates LLC increased its position in shares of National Energy Services Reunited by 2.2% during the first quarter. Jennison Associates LLC now owns 1,043,586 shares of the company’s stock valued at $8,766,000 after acquiring an additional 22,823 shares during the last quarter. 39.75% of the stock is owned by institutional investors and hedge funds.

About National Energy Services Reunited

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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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