Yousif Mohammed Ali Al-Nowais Sells 1,068,593 Shares of National Energy Services Reunited (NASDAQ:NESR) Stock

National Energy Services Reunited (NASDAQ:NESR) Director Yousif Mohammed Ali Al-Nowais sold 1,068,593 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $26.13, for a total transaction of $27,922,335.09. Following the sale, the director directly owned 2,481,649 shares of the company’s stock, valued at $64,845,488.37. This represents a 30.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Yousif Mohammed Ali Al-Nowais also recently made the following trade(s):

• On Saturday, June 13th, Yousif Mohammed Ali Al-Nowais sold 332,857 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.90, for a total transaction of $8,953,853.30.
• On Tuesday, June 9th, Yousif Mohammed Ali Al-Nowais sold 200 shares of National Energy Services Reunited stock. The stock was sold at an average price of $25.55, for a total transaction of $5,110.00.
• On Monday, June 8th, Yousif Mohammed Ali Al-Nowais sold 5,526 shares of National Energy Services Reunited stock. The stock was sold at an average price of $25.53, for a total transaction of $141,078.78.
• On Tuesday, May 26th, Yousif Mohammed Ali Al-Nowais sold 457,391 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.12, for a total transaction of $11,947,052.92.
• On Friday, May 22nd, Yousif Mohammed Ali Al-Nowais sold 242,497 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.14, for a total transaction of $6,338,871.58.
• On Wednesday, May 20th, Yousif Mohammed Ali Al-Nowais sold 573,544 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.14, for a total transaction of $14,992,440.16.
• On Tuesday, May 19th, Yousif Mohammed Ali Al-Nowais sold 3,500 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.13, for a total transaction of $91,455.00.
• On Monday, May 18th, Yousif Mohammed Ali Al-Nowais sold 220,568 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.06, for a total transaction of $5,748,002.08.
• On Thursday, May 14th, Yousif Mohammed Ali Al-Nowais sold 81,302 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.35, for a total transaction of $2,142,307.70.
• On Wednesday, May 13th, Yousif Mohammed Ali Al-Nowais sold 223,626 shares of National Energy Services Reunited stock. The stock was sold at an average price of $26.85, for a total transaction of $6,004,358.10.

National Energy Services Reunited Stock Down 3.7%

NESR stock opened at $24.02 on Thursday. The stock has a market capitalization of $2.42 billion, a P/E ratio of 36.95, a price-to-earnings-growth ratio of 0.32 and a beta of 0.35. The company has a current ratio of 1.04, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. National Energy Services Reunited has a 12 month low of $5.66 and a 12 month high of $27.69. The firm has a 50-day moving average price of $24.64 and a 200-day moving average price of $21.13.

National Energy Services Reunited (NASDAQ:NESR) last posted its earnings results on Monday, May 11th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $404.59 million during the quarter, compared to analysts’ expectations of $370.87 million. National Energy Services Reunited had a net margin of 4.53% and a return on equity of 9.77%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. As a group, equities research analysts anticipate that National Energy Services Reunited will post 1.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NESR. Millennium Management LLC increased its stake in shares of National Energy Services Reunited by 38.2% in the first quarter. Millennium Management LLC now owns 542,135 shares of the company’s stock valued at $3,990,000 after buying an additional 149,796 shares during the period. Jane Street Group LLC acquired a new position in shares of National Energy Services Reunited in the first quarter valued at approximately $1,425,000. Acadian Asset Management LLC acquired a new position in shares of National Energy Services Reunited in the first quarter valued at approximately $48,000. Geode Capital Management LLC increased its stake in shares of National Energy Services Reunited by 2,227.2% in the second quarter. Geode Capital Management LLC now owns 815,209 shares of the company’s stock valued at $4,908,000 after buying an additional 780,180 shares during the period. Finally, Legal & General Group Plc acquired a new position in shares of National Energy Services Reunited in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 15.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on NESR. Weiss Ratings raised shares of National Energy Services Reunited from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Piper Sandler increased their target price on shares of National Energy Services Reunited from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Barclays increased their target price on shares of National Energy Services Reunited from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. UBS Group increased their target price on shares of National Energy Services Reunited from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, BTIG Research upped their price objective on National Energy Services Reunited from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.86.

About National Energy Services Reunited

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.