National Energy Services Reunited Corp (NASDAQ:NESR)’s traded shares stood at 0.56 million during the last session, with the company’s beta value hitting 0.40. At the close of trading, the stock’s price was $6.35, to imply an increase of 0.63% or $0.04 in intraday trading. The NESR share’s 52-week high remains $10.30, putting it -62.2% down since that peak but still an impressive 18.11% since price per share fell to its 52-week low of $5.20. The company has a valuation of $606.09M, with an average of 0.28 million shares in intraday trading volume over the past 10 days and average of 261.92K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for National Energy Services Reunited Corp (NESR), translating to a mean rating of 1.33. Of 2 analyst(s) looking at the stock, 0 analyst(s) give NESR a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.2.
National Energy Services Reunited Corp (NASDAQ:NESR) trade information
After registering a 0.63% upside in the last session, National Energy Services Reunited Corp (NESR) has traded red over the past five days. The 5-day price performance for the stock is -0.78%, and -18.17% over 30 days. With these gigs, the year-to-date price performance is -29.13%. Short interest in National Energy Services Reunited Corp (NASDAQ:NESR) saw shorts transact 0.39 million shares and set a 1.07 days time to cover.
The extremes give us $11 and $11 for target low and target high price respectively. As such, NESR has been trading -73.23% off suggested target high and -73.23% from its likely low.
National Energy Services Reunited Corp (NESR) estimates and forecasts
The rating firms project that company’s revenue will grow 6.91% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 308.32M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 341.72M.
NESR Dividends
National Energy Services Reunited Corp has its next earnings report out on 2025-Mar-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
National Energy Services Reunited Corp (NASDAQ:NESR)’s Major holders
National Energy Services Reunited Corp insiders hold 28.99% of total outstanding shares, with institutional holders owning 47.69% of the shares at 67.16% float percentage. In total, 47.69% institutions holds shares in the company, led by HITE HEDGE ASSET MANAGEMENT LLC. As of 2024-06-30, the company held over 0.7 million shares (or 0.7709% of shares), all amounting to roughly $6.67 million.
We also have Fidelity Select Portfolios-Energy Portfolio and Fidelity Advisor Series VII-Fidelity Advisor Energy Fund as the top two Mutual Funds with the largest holdings of the National Energy Services Reunited Corp (NESR) shares. Going by data provided on Feb 28, 2025 , Fidelity Select Portfolios-Energy Portfolio holds roughly 4.22 shares. This is just over 4.44% of the total shares, with a market valuation of $26.81 million. Data from the same date shows that the other fund manager holds a little less at 2.37, or 2.49% of the shares, all valued at about 15.03 million.
