Barclays Reiterates “Overweight” Rating for National Energy Services Reunited (NASDAQ:NESR)

Barclays reissued their overweight rating on shares of National Energy Services Reunited (NASDAQ:NESR) in a report released on Friday, Marketbeat Ratings reports. Barclays currently has a $16.00 price objective on the stock.

NESR has been the subject of a number of other research reports. BTIG Research began coverage on shares of National Energy Services Reunited in a research report on Friday, October 25th. They set a “buy” rating and a $15.00 target price for the company. Benchmark assumed coverage on shares of National Energy Services Reunited in a report on Tuesday, January 21st. They issued a “buy” rating and a $15.00 price target for the company. Finally, JPMorgan Chase & Co. began coverage on National Energy Services Reunited in a report on Friday, December 6th. They issued an “overweight” rating and a $13.00 price target for the company.

National Energy Services Reunited Stock Performance

Shares of National Energy Services Reunited stock opened at $9.45 on Friday. National Energy Services Reunited has a 12-month low of $6.51 and a 12-month high of $10.30. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $8.84 and a two-hundred day moving average price of $9.03.

Institutional Investors Weigh In On National Energy Services Reunited

A number of large investors have recently bought and sold shares of the business. HITE Hedge Asset Management LLC bought a new stake in National Energy Services Reunited during the 3rd quarter worth approximately $6,645,000. Iridian Asset Management LLC CT bought a new position in National Energy Services Reunited in the 4th quarter valued at $1,378,000. Finally, R Squared Ltd acquired a new position in shares of National Energy Services Reunited in the 4th quarter valued at $41,000. 15.55% of the stock is currently owned by institutional investors.

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.