National Energy Services Reunited (NASDAQ:NESR) Now Covered by Benchmark

Analysts at Benchmark assumed coverage on shares of National Energy Services Reunited (NASDAQ:NESR) in a report released on Tuesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $15.00 price target on the stock. Benchmark’s price target points to a potential upside of 61.46% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. BTIG Research assumed coverage on shares of National Energy Services Reunited in a research report on Friday, October 25th. They set a “buy” rating and a $15.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on shares of National Energy Services Reunited in a research note on Friday, December 6th. They set an “overweight” rating and a $13.00 price objective for the company.

National Energy Services Reunited Stock Performance

NASDAQ:NESR opened at $9.29 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. The stock’s fifty day moving average is $8.72 and its 200 day moving average is $9.01. National Energy Services Reunited has a fifty-two week low of $6.51 and a fifty-two week high of $10.30.

Institutional Trading of National Energy Services Reunited

A hedge fund recently bought a new stake in National Energy Services Reunited stock. HITE Hedge Asset Management LLC acquired a new stake in shares of National Energy Services Reunited Corp. (NASDAQ:NESR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 703,162 shares of the company’s stock, valued at approximately $6,645,000. HITE Hedge Asset Management LLC owned approximately 0.74% of National Energy Services Reunited at the end of the most recent quarter. 15.55% of the stock is currently owned by institutional investors.

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.