National Energy Services Reunited (NASDAQ:NESR) Issues Quarterly Earnings Results

National Energy Services Reunited (NASDAQ:NESR) released its quarterly earnings data on Wednesday. The company reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30, Zacks reports.

National Energy Services Reunited Stock Up 4.4 %

National Energy Services Reunited stock opened at $7.94 on Wednesday. The stock has a fifty day moving average price of $8.90 and a 200 day moving average price of $8.99. National Energy Services Reunited has a 52 week low of $7.36 and a 52 week high of $10.30. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

Analyst Ratings Changes

Several research firms recently commented on NESR. JPMorgan Chase & Co. began coverage on shares of National Energy Services Reunited in a research report on Friday, December 6th. They issued an “overweight” rating and a $13.00 price target for the company. Benchmark assumed coverage on 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, Barclays reaffirmed an “overweight” rating and set a $16.00 price objective on shares of National Energy Services Reunited in a report on Friday, January 31st.

About National Energy Services Reunited

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.