National Energy Services Reunited (NASDAQ:NESR) Earns Overweight Rating from Barclays

National Energy Services Reunited (NASDAQ:NESR)‘s stock had its “overweight” rating reissued by Barclays in a research report issued on Friday,Benzinga reports. They presently have a $16.00 price target on the stock. Barclays‘s price target would suggest a potential upside of 69.31% from the company’s previous close.

A number of other brokerages also recently commented on NESR. JPMorgan Chase & Co. began coverage on National Energy Services Reunited in a research note on Friday, December 6th. They issued an “overweight” rating and a $13.00 target price on the stock. Benchmark assumed coverage on shares of National Energy Services Reunited in a research note on Tuesday, January 21st. They set a “buy” rating and a $15.00 price objective on the stock. Finally, BTIG Research assumed coverage on shares of National Energy Services Reunited in a research note on Friday, October 25th. They issued a “buy” rating and a $15.00 target price for the company.

National Energy Services Reunited Price Performance

NASDAQ NESR opened at $9.45 on Friday. National Energy Services Reunited has a 1 year low of $6.51 and a 1 year high of $10.30. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10. The company has a fifty day moving average of $8.83 and a 200 day moving average of $9.03.

Hedge Funds Weigh In On National Energy Services Reunited

Hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new position in shares of National Energy Services Reunited during the 4th quarter worth approximately $41,000. Iridian Asset Management LLC CT purchased a new stake in shares of National Energy Services Reunited during the fourth quarter worth about $1,378,000. Finally, HITE Hedge Asset Management LLC acquired a new position in shares of National Energy Services Reunited during the 3rd quarter worth about $6,645,000. Hedge funds and other institutional investors own 15.55% of the company’s stock.

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.