Brokerages Set $15.52 Price Target for National Energy Services (NESR)

National Energy Services (NASDAQ:NESR) has been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.

Analysts have set a 12-month consensus target price of $15.52 for the company, according to Zacks. Zacks has also assigned National Energy Services an industry rank of 33 out of 256 based on the ratings given to its competitors.

A number of equities analysts recently issued reports on NESR shares. BTIG Research started coverage on National Energy Services in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $18.00 target price for the company. Zacks Investment Research upgraded National Energy Services from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Wednesday, November 14th. Finally, Evercore ISI started coverage on National Energy Services in a research note on Wednesday, October 10th. They issued an “outperform” rating and a $17.00 target price for the company.

National Energy Services stock traded down $0.01 during midday trading on Tuesday, reaching $8.67. The company’s stock had a trading volume of 2,795 shares, compared to its average volume of 36,800. National Energy Services has a 52 week low of $7.51 and a 52 week high of $14.38.

National Energy Services (NASDAQ:NESR) last issued its earnings results on Thursday, November 8th. The company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $145.58 million during the quarter. As a group, equities analysts anticipate that National Energy Services will post 0.67 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its position in National Energy Services by 30,262.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,627 shares of the company’s stock worth $124,000 after purchasing an additional 10,592 shares during the period. Virtu Financial LLC acquired a new stake in National Energy Services during the 3rd quarter worth about $143,000. Vanguard Group Inc. acquired a new stake in National Energy Services during the 3rd quarter worth about $4,261,000. Vanguard Group Inc acquired a new stake in National Energy Services during the 3rd quarter worth about $4,261,000. Finally, FMR LLC acquired a new stake in National Energy Services during the 2nd quarter worth about $9,887,000. 6.16% of the stock is currently owned by institutional investors.

National Energy Services Company Profile

National Energy Services Reunited Corp. intends to engage in merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more target businesses. The company was founded in 2017 and is headquartered in Houston, Texas.

Recommended Story: What does earnings per share mean?

Get a free copy of the Zacks research report on National Energy Services (NESR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for National Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit