According to Zacks, “Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 3,200 employees, representing more than 40 nationalities in over 14 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation and Fracturing, and Nitrogen Services. The Company also helps its customers to access the reservoirs in a smarter and faster manner by providing Drilling and Evaluation services like Drilling Downhole Tools, Directional Drilling Fishing Tools, Testing Services, Wireline, Slickline, Fluids and Rig Services. “
Shares of NASDAQ:NESR opened at $8.15 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.11 and a debt-to-equity ratio of 0.25. National Energy Services Reunited has a one year low of $7.42 and a one year high of $14.38. The company’s 50-day moving average is $8.43.
Large investors have recently made changes to their positions in the stock. Crown Advisors Management Inc. purchased a new stake in shares of National Energy Services Reunited during the 1st quarter valued at about $219,000. FMR LLC increased its holdings in National Energy Services Reunited by 22.0% during the 4th quarter. FMR LLC now owns 1,112,839 shares of the company’s stock worth $9,637,000 after purchasing an additional 200,922 shares during the last quarter. Yaupon Capital Management LP purchased a new stake in National Energy Services Reunited during the 4th quarter worth approximately $1,527,000. Geode Capital Management LLC purchased a new stake in National Energy Services Reunited during the 4th quarter worth approximately $136,000. Finally, Tibra Equities Europe Ltd purchased a new stake in National Energy Services Reunited during the 1st quarter worth approximately $1,446,000. Institutional investors and hedge funds own 16.74% of the company’s stock.
About National Energy Services Reunited
National Energy Services Reunited Corp., through its subsidiaries, provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through Production Services, and Drilling and Evaluation Services segments. The Production Services segment offers coiled tubing services, such as nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; primary and remedial cementing services; stimulation and pumping services; nitrogen services; and filtration services, as well as frac tanks and pumping units.
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