Shares of National Energy Services Reunited Corp. (NASDAQ:NESR – Get Rating) gapped down before the market opened on Monday . The stock had previously closed at $7.42, but opened at $6.92. National Energy Services Reunited shares last traded at $6.75, with a volume of 11,894 shares traded.
A number of equities analysts have recently issued reports on NESR shares. National Bank of Canada reissued a “sector perform” rating and set a $11.00 target price (down from $13.50) on shares of National Energy Services Reunited in a research note on Monday. Zacks Investment Research raised National Energy Services Reunited from a “sell” rating to a “hold” rating in a research note on Thursday. National Bankshares dropped their price objective on National Energy Services Reunited from $17.50 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, March 16th. Finally, National Bank Financial downgraded National Energy Services Reunited from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $13.50 to $11.00 in a research note on Sunday. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, National Energy Services Reunited presently has a consensus rating of “Hold” and an average price target of $11.83.
The stock has a 50-day simple moving average of $8.84.
National Energy Services Reunited Company Profile (NASDAQ:NESR)
National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through two segments, Production Services; and Drilling and Evaluation Services. The 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 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.
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