National Energy Services Reunited (NASDAQ:NESR) Reaches New 12-Month High at $8.95

Shares of National Energy Services Reunited Corp. (NASDAQ:NESR) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.95 and last traded at $8.95, with a volume of 136299 shares trading hands. The stock had previously closed at $8.65.

National Energy Services Reunited Price Performance

The company’s 50-day moving average is $8.04 and its 200 day moving average is $6.68.

Institutional Investors Weigh In On National Energy Services Reunited

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its holdings in shares of National Energy Services Reunited by 6.1% during the 1st quarter. Rhumbline Advisers now owns 43,543 shares of the company’s stock worth $366,000 after purchasing an additional 2,512 shares during the period. BlackRock Inc. raised its stake in shares of National Energy Services Reunited by 0.8% in the first quarter. BlackRock Inc. now owns 1,982,267 shares of the company’s stock valued at $16,650,000 after purchasing an additional 15,415 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in National Energy Services Reunited by 21.3% in the first quarter. Dimensional Fund Advisors LP now owns 930,157 shares of the company’s stock worth $7,814,000 after purchasing an additional 163,232 shares during the period. Sei Investments Co. boosted its stake in National Energy Services Reunited by 18.3% during the first quarter. Sei Investments Co. now owns 58,200 shares of the company’s stock worth $489,000 after buying an additional 9,000 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in National Energy Services Reunited by 47.9% in the 1st quarter. Prudential Financial Inc. now owns 144,295 shares of the company’s stock valued at $1,212,000 after buying an additional 46,700 shares during the period. 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 to oil and gas companies in the Middle East, North Africa, and internationally. 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.