National Energy Services Reunited (NESR) Expected to Announce Earnings on Wednesday

National Energy Services Reunited (NASDAQ:NESR) is projected to post its quarterly earnings results before the market opens on Wednesday, March 12th. Analysts expect National Energy Services Reunited to post earnings of $0.30 per share and revenue of $339.84 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

National Energy Services Reunited Stock Performance

Shares of NESR opened at $7.52 on Tuesday. The business has a 50-day moving average of $8.95 and a 200 day moving average of $9.01. National Energy Services Reunited has a fifty-two week low of $7.47 and a fifty-two week high of $10.30. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.10 and a quick ratio of 0.91.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on National Energy Services Reunited in a report on Friday, December 6th. They issued an “overweight” rating and a $13.00 price objective for the company. Benchmark began coverage on National Energy Services Reunited in a report on Tuesday, January 21st. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Barclays restated an “overweight” rating and issued a $16.00 target price on shares of National Energy Services Reunited in a research note on Friday, January 31st.

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.