Analysts forecast that National Energy Services Reunited Corp (NASDAQ:NESR) will report earnings per share (EPS) of $0.28 for the current quarter, Zacks reports. Two analysts have issued estimates for National Energy Services Reunited’s earnings. The company is scheduled to issue its next earnings results on Thursday, March 21st.
On average, analysts expect that National Energy Services Reunited will report full year earnings of $0.87 per share for the current year. For the next financial year, analysts forecast that the company will report earnings of $1.01 per share, with EPS estimates ranging from $0.85 to $1.16. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover National Energy Services Reunited.
A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of National Energy Services Reunited from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. JPMorgan Chase & Co. assumed coverage on shares of National Energy Services Reunited in a research note on Wednesday, February 20th. They set an “overweight” rating and a $13.00 target price for the company. Finally, Wolfe Research assumed coverage on shares of National Energy Services Reunited in a research note on Friday, March 8th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $15.00.
Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of National Energy Services Reunited in the 4th quarter worth approximately $60,000. Ramsey Quantitative Systems acquired a new stake in shares of National Energy Services Reunited in the 4th quarter worth approximately $90,000. Tower Research Capital LLC TRC lifted its stake in shares of National Energy Services Reunited by 30,262.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,627 shares of the company’s stock worth $124,000 after acquiring an additional 10,592 shares during the period. Virtu Financial LLC acquired a new stake in shares of National Energy Services Reunited in the 3rd quarter worth approximately $143,000. Finally, Geode Capital Management LLC acquired a new stake in shares of National Energy Services Reunited in the 4th quarter worth approximately $136,000. 9.85% of the stock is owned by institutional investors.
About National Energy Services Reunited
National Energy Services Reunited Corp. provides oilfield services in the Middle East, North Africa, and the Asia Pacific regions. It helps its customers unlock the potential of reservoirs by providing production services, such as cementing, coiled tubing, filtration, completions, stimulation and fracturing, and nitrogen services.
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