JPMorgan Chase & Co. Begins Coverage on National Energy Services Reunited (NASDAQ:NESR)

JPMorgan Chase & Co. initiated coverage on shares of National Energy Services Reunited (NASDAQ:NESR) in a report released on Friday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $13.00 target price on the stock.

Separately, BTIG Research initiated coverage on shares of 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 Price Performance

Shares of NASDAQ NESR opened at $8.91 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.33. National Energy Services Reunited has a 52 week low of $3.80 and a 52 week high of $10.30. The firm’s fifty day moving average is $8.95 and its 200 day moving average is $9.17.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in National Energy Services Reunited stock. HITE Hedge Asset Management LLC bought a new position in National Energy Services Reunited Corp. (NASDAQ:NESR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 703,162 shares of the company’s stock, valued at approximately $6,645,000. HITE Hedge Asset Management LLC owned 0.74% of National Energy Services Reunited at the end of the most recent reporting period. 15.55% of the stock is owned by hedge funds and other 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.