Tejara Capital Ltd Invests $3.60 Million in National Energy Services Reunited Corp. (NASDAQ:NESR)

Tejara Capital Ltd bought a new position in National Energy Services Reunited Corp. (NASDAQ:NESR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 401,765 shares of the company’s stock, valued at approximately $3,600,000. National Energy Services Reunited accounts for 2.3% of Tejara Capital Ltd’s holdings, making the stock its 16th largest holding. Tejara Capital Ltd owned approximately 0.42% of National Energy Services Reunited as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. HITE Hedge Asset Management LLC purchased a new stake in shares of National Energy Services Reunited in the third quarter worth about $6,645,000. Iridian Asset Management LLC CT acquired a new position in shares of National Energy Services Reunited in the fourth quarter worth about $1,378,000. Finally, R Squared Ltd acquired a new position in shares of National Energy Services Reunited in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 15.55% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on NESR. Benchmark began coverage on National Energy Services Reunited in a research note on Tuesday, January 21st. They issued a “buy” rating and a $15.00 price target on the stock. JPMorgan Chase & Co. began coverage on National Energy Services Reunited in a research note on Friday, December 6th. They issued an “overweight” rating and a $13.00 price target on the stock. Finally, Barclays boosted their price target on National Energy Services Reunited from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th.

National Energy Services Reunited Stock Up 1.2 %

Shares of National Energy Services Reunited stock opened at $7.69 on Tuesday. National Energy Services Reunited Corp. has a twelve month low of $7.21 and a twelve month high of $10.30. The business’s 50 day simple moving average is $8.84 and its 200-day simple moving average is $8.95. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

National Energy Services Reunited (NASDAQ:NESR) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $343.68 million for the quarter, compared to the consensus estimate of $339.84 million. As a group, equities research analysts expect that National Energy Services Reunited Corp. will post 1.03 EPS for the current year.

National Energy Services Reunited Profile

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.