National Energy Services Reunited (NASDAQ:NESR) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of National Energy Services Reunited (NASDAQ:NESR) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $13.00 target price on the stock.

Separately, BTIG Research started coverage on shares of National Energy Services Reunited in a research note on Friday, October 25th. They set a “buy” rating and a $15.00 price objective for the company.

National Energy Services Reunited Stock Performance

Shares of NASDAQ:NESR opened at $8.91 on Friday. The company has a 50 day moving average of $8.95 and a 200 day moving average of $9.17. National Energy Services Reunited has a 12 month low of $3.80 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.

Hedge Funds Weigh In On National Energy Services Reunited

A hedge fund recently bought a new stake in National Energy Services Reunited stock. HITE Hedge Asset Management LLC acquired a new position in National Energy Services Reunited Corp. (NASDAQ:NESR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 703,162 shares of the company’s stock, valued at approximately $6,645,000. HITE Hedge Asset Management LLC owned about 0.74% of National Energy Services Reunited as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 15.55% of the company’s stock.

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.