Benchmark Initiates Coverage on National Energy Services Reunited (NASDAQ:NESR)

Benchmark initiated coverage on shares of National Energy Services Reunited (NASDAQ:NESR) in a report published on Tuesday, MarketBeat reports. The firm issued a buy rating and a $15.00 price target on the stock.

NESR has been the subject of a number of other reports. JPMorgan Chase & Co. began coverage on National Energy Services Reunited in a research report on Friday, December 6th. They set an “overweight” rating and a $13.00 price objective for the company. BTIG Research assumed coverage on shares of National Energy Services Reunited in a report on Friday, October 25th. They set a “buy” rating and a $15.00 price target for the company.

National Energy Services Reunited Price Performance

NASDAQ NESR opened at $9.45 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.10. National Energy Services Reunited has a twelve month low of $6.51 and a twelve month high of $10.30. The stock has a fifty day simple moving average of $8.75 and a 200 day simple moving average of $9.02.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in National Energy Services Reunited stock. R Squared Ltd bought a new position in shares of National Energy Services Reunited Corp. (NASDAQ:NESR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,558 shares of the company’s stock, valued at approximately $41,000. Hedge funds and other institutional investors own 15.55% of the company’s stock.

About National Energy Services Reunited

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.