National Energy Services Reunited Corp (NASDAQ:NESR) does about 321.98K shares in volume on a normal day but saw 1037645 shares change hands in the recent trading day. The company now has a market cap of 569.82M USD. Its current market price is $5.97, marking a decrease of -5.54% compared to the previous close of $6.32. The 52 week high reached by this stock is $9.89 whilst the lowest price level in 52 weeks is $5.20. The script in recent trading has seen the stock touch a high of $11 and a low of $11.
2 analysts observing the National Energy Services Reunited Corp (NESR) stock have set the 12-month price targets for the company’s shares at between $11 and $11. The consensus objective for the share price is $14.00, suggesting that the stock has a potential upside of 57.36% over the period. The median price target is 45.73% away from the current levels at $11.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 31, 2025 when Barclays resumed the stock to “Overweight” and issued a price target of $16. JP Morgan initiated its price target at $13.
The current price level is -5.25%, -7.75%, and -27.93% away from its SMA20, SMA50, and SMA200 respectively, with the NESR price moving above the 50-day SMA on current market day. National Energy Services Reunited Corp (NESR) stock is down -6.28% over the week and -5.98% over the past month. Its price is -33.37% year-to-date and -39.08% over the past year.
Its 12-month price target is $11. To reach the target analysts have set, the stock logically needs to grow 57.36 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $11, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $11.
Outstanding shares total 96.35M with insiders holding 28.87% of the shares and institutional holders owning 49.06% of the company’s common stock. The forward price to earnings ratio is 4.57. The beta has a value of 0.38. Price to book ratio is 0.62.
