Iridian Asset Management LLC CT Purchases Shares of 153,836 National Energy Services Reunited Corp. (NASDAQ:NESR)

Iridian Asset Management LLC CT acquired a new position in National Energy Services Reunited Corp. (NASDAQ:NESR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 153,836 shares of the company’s stock, valued at approximately $1,378,000. Iridian Asset Management LLC CT owned about 0.16% of National Energy Services Reunited at the end of the most recent quarter.

Separately, HITE Hedge Asset Management LLC bought a new position in National Energy Services Reunited in the 3rd quarter worth $6,645,000. 15.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NESR shares. Barclays restated an “overweight” rating and set a $16.00 price target on shares of National Energy Services Reunited in a report on Friday, January 31st. JPMorgan Chase & Co. started coverage on National Energy Services Reunited in a report on Friday, December 6th. They issued an “overweight” rating and a $13.00 target price on the stock. Benchmark began coverage on National Energy Services Reunited in a report on Tuesday, January 21st. They set a “buy” rating and a $15.00 price target for the company. Finally, BTIG Research started coverage on shares of National Energy Services Reunited in a research note on Friday, October 25th. They set a “buy” rating and a $15.00 target price for the company.

National Energy Services Reunited Stock Down 0.8 %

Shares of NASDAQ NESR opened at $9.37 on Friday. National Energy Services Reunited Corp. has a one year low of $6.51 and a one year high of $10.30. 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 business has a fifty day simple moving average of $8.89 and a 200 day simple moving average of $9.03.

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.