Analysts Expect National Energy Services Reunited Corp (NASDAQ:NESR) to Announce $0.08 EPS

Wall Street brokerages expect National Energy Services Reunited Corp (NASDAQ:NESR) to announce $0.09 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for National Energy Services Reunited’s earnings. National Energy Services Reunited posted earnings of $0.19 per share during the same quarter last year, which suggests a negative year over year growth rate of 52.6%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 5th.

On average, analysts expect that National Energy Services Reunited will report full year earnings of $0.43 per share for the current year, with EPS estimates ranging from $0.40 to $0.46. For the next financial year, analysts expect that the firm will report earnings of $0.66 per share, with EPS estimates ranging from $0.60 to $0.72. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow National Energy Services Reunited.

National Energy Services Reunited (NASDAQ:NESR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. National Energy Services Reunited had a net margin of 5.32% and a return on equity of 7.31%. The company had revenue of $199.30 million for the quarter, compared to analyst estimates of $181.71 million.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of National Energy Services Reunited from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd. TheStreet raised shares of National Energy Services Reunited from a “d” rating to a “c-” rating in a report on Tuesday, June 2nd. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of National Energy Services Reunited in a report on Monday, July 20th. One research analyst has rated the stock with a sell rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $16.00.

National Energy Services Reunited stock traded up $0.24 during midday trading on Friday, reaching $6.69. 148,136 shares of the stock were exchanged, compared to its average volume of 170,142. The company’s fifty day moving average is $6.37 and its 200-day moving average is $6.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.36 and a current ratio of 1.71. The firm has a market cap of $583.28 million, a PE ratio of 15.56 and a beta of 0.85. National Energy Services Reunited has a 52 week low of $4.04 and a 52 week high of $9.53.

Large investors have recently modified their holdings of the company. Citigroup Inc. increased its holdings in shares of National Energy Services Reunited by 870.6% in the 4th quarter. Citigroup Inc. now owns 5,785 shares of the company’s stock worth $53,000 after buying an additional 5,189 shares during the last quarter. State of Tennessee Treasury Department purchased a new stake in shares of National Energy Services Reunited in the 1st quarter valued at $61,000. Janus Henderson Group PLC purchased a new stake in shares of National Energy Services Reunited in the 1st quarter valued at $79,000. GSA Capital Partners LLP purchased a new stake in shares of National Energy Services Reunited in the 1st quarter valued at $83,000. Finally, Alliancebernstein L.P. boosted its stake in shares of National Energy Services Reunited by 115.4% in the 1st quarter. Alliancebernstein L.P. now owns 22,400 shares of the company’s stock valued at $114,000 after purchasing an additional 12,000 shares in the last quarter. 24.91% of the stock is currently owned by hedge funds and other institutional investors.

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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