703,162 Shares in National Energy Services Reunited Corp. (NASDAQ:NESR) Purchased by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC acquired a new position in National Energy Services Reunited Corp. (NASDAQ:NESR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (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.

National Energy Services Reunited Trading Up 3.3 %

Shares of National Energy Services Reunited stock opened at $9.13 on Tuesday. National Energy Services Reunited Corp. has a 12-month low of $3.80 and a 12-month high of $10.30. The company’s fifty day simple moving average is $8.99 and its two-hundred day simple moving average is $9.19. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.10 and a quick ratio of 0.91.

Analyst Ratings Changes

Separately, BTIG Research assumed coverage on shares of National Energy Services Reunited in a research report on Friday, October 25th. They issued a “buy” rating and a $15.00 target price for the company.

National Energy Services Reunited 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.