National Energy Services Reunited (NASDAQ:NESR) Earns Buy Rating from Analysts at Benchmark

Benchmark initiated coverage on shares of National Energy Services Reunited (NASDAQ:NESR) in a research note published on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $15.00 target price on the stock.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. began coverage on National Energy Services Reunited in a report on Friday, December 6th. They set an “overweight” rating and a $13.00 price target for the company. BTIG Research began coverage on shares of National Energy Services Reunited in a research note on Friday, October 25th. They issued a “buy” rating and a $15.00 price target on the stock.

National Energy Services Reunited Stock Performance

Shares of National Energy Services Reunited stock opened at $9.45 on Tuesday. The company has a 50 day moving average of $8.75 and a 200-day moving average of $9.02. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.33. National Energy Services Reunited has a 1-year low of $6.51 and a 1-year high of $10.30.

Institutional Investors Weigh In On National Energy Services Reunited

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

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.