CenterBook Partners LP Trims Position in National Energy Services Reunited $NESR

CenterBook Partners LP decreased its position in shares of National Energy Services Reunited (NASDAQ:NESR) by 54.8% during the third quarter, Holdings Channel reports. The institutional investor owned 342,438 shares of the company’s stock after selling 415,290 shares during the period. CenterBook Partners LP’s holdings in National Energy Services Reunited were worth $3,513,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of NESR. Encompass Capital Advisors LLC boosted its stake in National Energy Services Reunited by 4.3% during the second quarter. Encompass Capital Advisors LLC now owns 9,205,887 shares of the company’s stock valued at $55,419,000 after buying an additional 382,640 shares during the last quarter. Dodge & Cox raised its holdings in shares of National Energy Services Reunited by 201.6% during the 2nd quarter. Dodge & Cox now owns 2,136,794 shares of the company’s stock worth $12,864,000 after acquiring an additional 1,428,200 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of National Energy Services Reunited by 2,227.2% during the 2nd quarter. Geode Capital Management LLC now owns 815,209 shares of the company’s stock worth $4,908,000 after acquiring an additional 780,180 shares in the last quarter. Tejara Capital Ltd boosted its position in shares of National Energy Services Reunited by 71.5% during the 2nd quarter. Tejara Capital Ltd now owns 754,351 shares of the company’s stock valued at $4,541,000 after acquiring an additional 314,434 shares during the last quarter. Finally, MMCAP International Inc. SPC purchased a new position in shares of National Energy Services Reunited in the second quarter valued at $3,620,000. Hedge funds and other institutional investors own 15.55% of the company’s stock.

National Energy Services Reunited Stock Up 2.1%

Shares of NASDAQ:NESR opened at $24.67 on Thursday. The business’s 50 day moving average is $18.06 and its 200 day moving average is $13.44. The stock has a market cap of $2.38 billion, a P/E ratio of 46.55, a price-to-earnings-growth ratio of 0.70 and a beta of 0.25. National Energy Services Reunited has a 52-week low of $5.20 and a 52-week high of $25.13. The company has a quick ratio of 0.92, a current ratio of 1.10 and a debt-to-equity ratio of 0.22.

National Energy Services Reunited (NASDAQ:NESR) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.07. National Energy Services Reunited had a net margin of 3.86% and a return on equity of 8.57%. The company had revenue of $398.26 million during the quarter. The firm’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts predict that National Energy Services Reunited will post 1.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NESR shares. UBS Group upgraded shares of National Energy Services Reunited to a “strong-buy” rating in a research report on Wednesday, January 21st. Piper Sandler increased their price target on shares of National Energy Services Reunited from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, November 18th. Maxim Group set a $30.00 price target on National Energy Services Reunited in a research report on Monday, January 12th. National Bank Financial set a $21.00 price objective on National Energy Services Reunited in a research report on Friday, January 9th. Finally, Bank of America initiated coverage on National Energy Services Reunited in a research note on Friday, January 9th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.14.

Key Stories Impacting National Energy Services Reunited

Here are the key news stories impacting National Energy Services Reunited this week:

• Positive Sentiment: Q4 beat and strong underlying metrics — NESR reported Q4 EPS of $0.32, topping consensus, and revenue of $398.3M (up 15.9% YoY). Management flagged sizable sequential improvement in adjusted EBITDA and adjusted EPS. NESR Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: Management growth outlook — Company outlined a path to a $2 billion revenue run-rate by end of 2026 and said it is expanding its MENA contract base, which supports medium-term top-line growth expectations. NESR outlines path to $2B revenue run rate
• Positive Sentiment: Analyst upgrade/target lift — BTIG raised its price target to $28 and kept a buy rating, providing an independent validation of upside vs. the current level and likely supporting additional buying interest. BTIG raises price target to $28 (Benzinga)
• Positive Sentiment: Improved cash flow and adjusted profitability — NESR reported operating cash flow of $264.2M for the year and free cash flow of $120.8M; adjusted net income and adjusted EBITDA improved sequentially, which supports valuation and shareholder-return optionality. Q4 financial results and cash flow (AccessWire)
• Positive Sentiment: Market reaction — The stock traded to an intraday all-time high after results and commentary, reflecting investor enthusiasm around the beat and guidance. NESR Propels to All-Time High on Earnings Beat
• Neutral Sentiment: Full earnings disclosures and call transcript are available for detail — investors can review the conference call transcript and highlights to assess segment performance and contract updates. Earnings call transcript (Seeking Alpha)
• Negative Sentiment: GAAP net income and diluted EPS weakness YoY — Despite adjusted gains, GAAP net income ($7.8M) and diluted EPS ($0.08) were down significantly year-over-year, which could concern value-focused investors and temper enthusiasm if GAAP recovery lags. Q4 GAAP results and note on EPS (AccessWire)

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp (NASDAQ: NESR) is a publicly traded oilfield services company formed in 2021 through a business combination that brought together complementary drilling and production service providers. The company’s mission is to deliver integrated solutions across the upstream oil and gas value chain, combining regional expertise with global operational standards.

NESR’s service portfolio spans drilling, completion and production, offering products and capabilities such as cementing, coiled tubing, hydraulic fracturing, well stimulation, pumping services and intervention solutions.