National Energy Services Reunited Corp. Profit Forecast for Fiscal 2021 issued by National Bank Financial (NASDAQ: NESR)


National Energy Services Reunited Corp. (NASDAQ: NESR) – National Bank Financial investment analysts lowered their FY2021 EPS estimates for National Energy Services Reunited in a research note released on Wednesday, August 4. National Bank Financial analyst D. Payne now predicts the company will post earnings per share of $ 0.78 for the year, down from its earlier forecast of $ 0.83. National Bank Financial also released National Energy Services Reunited earnings estimates for fiscal 2022 at $ 1.20 per share. National Energy Services Reunited (NASDAQ: NESR) last reported its quarterly results on Wednesday, August 4. The company reported earnings per share (EPS) of $ 0.14 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.17 ($ 0.03). National Energy Services Reunited had a net margin of 5.92% and a return on equity of 6.01%.

Other stock analysts have also published reports on the company. Zacks investment research downgraded National Energy Services Reunited from a “hold” rating to a “sell” rating in a report released Thursday, July 29. National Bankshares raised its price target on National Energy Services Reunited from $ 14.00 to $ 17.50 in a research note on Thursday, June 17.

Actions of Joint actions of the National Energy Services open for $ 11.42 Friday. The company has a leverage ratio of 0.31, a current ratio of 1.53, and a quick ratio of 1.23. The company’s 50-day moving average is $ 13.82. The company has a market cap of $ 1.04 billion, a PE ratio of 20.39 and a beta of 0.93. National Energy Services Reunited has a twelve month low of $ 5.93 and a twelve month high of $ 15.95.

(A d)

This stock is ready to go vertical! It could win the technological innovation of the year.

A number of hedge funds have recently increased or reduced their holdings in NESR. FMR LLC increased its stake in the shares of National Energy Services Reunited by 22.1% in the first quarter. FMR LLC now owns 1,358,969 shares of the company valued at $ 14,202,000 after acquiring an additional 246,130 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in National Energy Services Reunited by 5.5% during the 4th quarter. Bank of New York Mellon Corp now owns 57,828 shares of the company valued at $ 574,000 after acquiring an additional 3,022 shares during the period. Wells Fargo & Company MN increased its stake in National Energy Services Reunited by 15.5% during the 4th quarter. Wells Fargo & Company MN now owns 84,266 shares of the company valued at $ 837,000 after acquiring an additional 11,305 shares during the period. Rhumbline Advisers increased its stake in National Energy Services Reunited shares by 17.4% in Q4. Rhumbline Advisers now owns 24,975 shares of the company valued at $ 248,000 after purchasing an additional 3,700 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings of National Energy Services Reunited shares by 81.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 75,486 shares of the company valued at $ 750,000 after purchasing an additional 33,823 shares during the period. 31.99% of the shares are currently held by institutional investors and hedge funds.

About National Energy Services Together

National Energy Services Reunited Corp. provides petroleum services to oil and gas companies in the Middle East, North Africa and the Asia-Pacific region. It operates through two segments, production services; and Drilling and Assessment Services. The Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, crushing, cleaning, descaling and other well applications; stimulation and pumping services; primary and corrective cementation services; nitrogen services; filtration services, as well as fracturing tanks and pumping units; and pipeline services, such as water filling and hydraulic testing, nitrogen purging, and degassing and pressure testing, as well as pipe / tank cutting / welding and cooling systems.

Recommended Story: What Does a Hold Note Mean?

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in National Energy Services Reunited now?

Before you consider National Energy Services Reunited, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and National Energy Services Reunited was not on the list.

While National Energy Services Reunited currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.

See the 5 actions here


Source link

Previous Liberty Broadband Reports Second Quarter 2021 Financial Results
Next Sayegh administration retaliated against Paterson zoning worker, lawsuit says