National Energy Services Reunited (NASDAQ:NESR) Hits New 12-Month High at $8.95

National Energy Services Reunited Corp. (NASDAQ:NESR)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $8.95 and last traded at $8.95, with a volume of 136299 shares. The stock had previously closed at $8.65.

National Energy Services Reunited Stock Performance

The business has a 50 day moving average of $7.97 and a 200 day moving average of $6.65.

Institutional Investors Weigh In On National Energy Services Reunited

A number of institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its stake in shares of National Energy Services Reunited by 10.6% during the first quarter. Ameriprise Financial Inc. now owns 175,036 shares of the company’s stock worth $921,000 after purchasing an additional 16,836 shares during the period. JPMorgan Chase & Co. grew its stake in shares of National Energy Services Reunited by 29.4% during the first quarter. JPMorgan Chase & Co. now owns 53,840 shares of the company’s stock worth $284,000 after purchasing an additional 12,217 shares during the period. State Street Corp grew its stake in shares of National Energy Services Reunited by 12.6% during the first quarter. State Street Corp now owns 649,829 shares of the company’s stock worth $3,418,000 after purchasing an additional 72,896 shares during the period. Geode Capital Management LLC grew its stake in shares of National Energy Services Reunited by 6.1% during the first quarter. Geode Capital Management LLC now owns 463,813 shares of the company’s stock worth $2,440,000 after purchasing an additional 26,777 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in National Energy Services Reunited by 45.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 67,469 shares of the company’s stock valued at $355,000 after acquiring an additional 20,975 shares during the period. 15.55% of the stock is owned by institutional investors and hedge funds.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and internationally. 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.