National Energy Services Reunited (NASDAQ:NESR) Earns Buy Rating from Analysts at BTIG Research

BTIG Research began coverage on shares of National Energy Services Reunited (NASDAQ:NESR) in a research note released on Friday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $15.00 target price on the stock.

National Energy Services Reunited Stock Performance

NASDAQ:NESR opened at $9.44 on Friday. The business’s 50-day moving average price is $9.24 and its two-hundred day moving average price is $9.30. National Energy Services Reunited has a twelve month low of $3.80 and a twelve month high of $10.30. The company has a quick ratio of 0.89, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

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

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.