National Energy Services Reunited (NASDAQ:NESR) Shares Gap Up – Here’s What Happened

National Energy Services Reunited Corp. (NASDAQ:NESR) gapped up prior to trading on Tuesday . The stock had previously closed at $8.51, but opened at $9.25. National Energy Services Reunited shares last traded at $8.80, with a volume of 20,337 shares.

Analyst Upgrades and Downgrades

Separately, BTIG Research initiated coverage on National Energy Services Reunited in a research note on Friday, October 25th. They issued a “buy” rating and a $15.00 target price on the stock.

National Energy Services Reunited Trading Down 1.9 %

The company has a quick ratio of 0.89, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $9.12 and a 200-day moving average of $9.27.

National Energy Services Reunited (NASDAQ:NESR) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.29 EPS for the quarter. The company had revenue of $324.97 million during the quarter.

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 bought a new stake in shares of National Energy Services Reunited Corp. (NASDAQ:NESR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 703,162 shares of the company’s stock, valued at approximately $6,645,000. HITE Hedge Asset Management LLC owned about 0.74% of National Energy Services Reunited as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 15.55% of the company’s stock.

National Energy Services Reunited Company 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.