NESR
National Energy Services Reunited Corp. Ordinary SharesNESR
NESR
About: National Energy Services Reunited Corp is a British Virgin Islands-based company engaged in providing products and services to the oil and gas industry in the Middle East and North Africa and the Asia Pacific regions. The company has two reportable segments: Production Services including coil tubing, stimulation, and pumping, nitrogen services, completions, pipelines, cementing, laboratory services and filtration services; and Drilling and Evaluation Services including drilling and workover rigs, rig services, services, and well-testing services among others. Revenues are majorly derived from production services of an oil or natural gas well. It derives maximum revenue from Production services segment.
Employees: 6,554
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
6,000% more funds holding
Funds holding: 1 [Q3] → 61 (+60) [Q4]
5,198% more capital invested
Capital invested by funds: $6.64M [Q3] → $352M (+$345M) [Q4]
41.18% more ownership
Funds ownership: 0% [Q3] → 41.18% (+41.18%) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$15
150%
upside
Avg. target
$16
166%
upside
High target
$17
183%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Barclays David Anderson 27% 1-year accuracy 23 / 84 met price target | 183%upside $17 | Overweight Maintained | 13 Mar 2025 |
Benchmark Kurt Hallead 8% 1-year accuracy 3 / 39 met price target | 150%upside $15 | Buy Initiated | 21 Jan 2025 |
Financial journalist opinion
Neutral
Accesswire
12 hours ago
NESR Begins Construction of 180,000m(2) Facility at King Salman Energy Park (SPARK)
The state-of-the-art facility will be a key asset in Saudi Arabia's energy sector, offering advanced oilfield services and creating jobs opportunities KING SALMAN ENERGY PARK, SAUDI ARABIA / ACCESS Newswire / April 21, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, proudly announces the start of construction on its cutting-edge industrial facility at King Salman Energy Park ("SPARK"), a leading energy industrial ecosystem strategically located at the heart of the global energy market. The Company previously announced a groundbreaking event earlier this year in February, enabling a fast-paced approach to the building of its 180,000 m² state-of-the-art facility set to transform the region's oilfield services landscape.
Neutral
Accesswire
1 week ago
NESR to Participate in Water Tower Research Fireside Chat on April 10 at 11am ET
HOUSTON, TX / ACCESS Newswire / April 9, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, announced that Chairman & CEO Sherif Foda will participate in a fireside chat with Water Tower Research ("WTR") tomorrow, April 10th, 2025, at 11am ET. Jeff Robertson, Managing Director and analyst covering Natural Resources at WTR, will lead a wide-ranging discussion with Sherif covering the background of NESR, the Company's unique position as a diversified energy services provider in the MENA region, its strategic growth ambitions, new technology, and other topical market developments.
Neutral
GlobeNewsWire
1 month ago
Water Tower Research Publishes Initiation of Coverage Report on National Energy Services Reunited Corp., “Exposed to the World's Steadiest Oilfield Service Markets”
Water Tower Research has published an Initiation of Coverage Report on National Energy Services Reunited Corp. (NASDAQ: NESR) titled, “Exposed to the World's Steadiest Oilfield Service Markets”. Water Tower Research has published an Initiation of Coverage Report on National Energy Services Reunited Corp. (NASDAQ: NESR) titled, “Exposed to the World's Steadiest Oilfield Service Markets”.
Neutral
Seeking Alpha
1 month ago
National Energy Services Reunited Corp. (NESR) Q4 2024 Earnings Call Transcript
National Energy Services Reunited Corp. (NASDAQ:NESR ) Q4 2024 Earnings Conference Call March 12, 2025 8:00 AM ET Company Participants Blake Gendron - Vice President of Investor Relations Sherif Foda - Chairman and Chief Executive Officer Stefan Angeli - Chief Financial Officer Conference Call Participants David Anderson - Barclays Arun Jayaram - J.P. Morgan Jeff Robertson - Water Tower Research Arvind Sengar - Geosphere Capital Management John Ajay - Occam Crest Management Operator Greetings, and welcome to NESR Fourth Quarter 2024 Financial Results call.
Neutral
Accesswire
1 month ago
National Energy Services Reunited Corp. Reports Fourth Quarter Financial Results
Revenue for the quarter ended December 31, 2024, was $343.7 million, growing 11.8% year-over-year and 2.2% sequentially Net income for the quarter ended December 31, 2024, was $26.8 million, growing 1,087.0% year-over-year and 30.2% on a sequential quarter basis Adjusted EBITDA (a non-GAAP measure)* for the quarter ended December 31, 2024 was $87.2 million, an increase of 9.8% year-over-year and 9.0% sequentially Diluted Earnings per Share ("EPS") for the quarter ended December 31, 2024, was $0.28, growing 1,300.0% year-over-year and 27.3% on a sequential quarter basis Net cash provided by operating activities for the year ended December 31, 2024, was $229.3 million, improving 29.6% year-over-year Free cash flow (a non-GAAP measure)* for the year ended December 31, 2024, was $124.2 million, improving 14.2% year-over-year HOUSTON, TX / ACCESS Newswire / March 12, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported its financial results as of and for the three- and twelve-month periods ended December 31, 2024. The Company posted the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) December 31, 2024 September 30, 2024 December 31, 2023 Sequential Year-over-year Revenue $ 343,682 $ 336,205 $ 307,520 2.2 % 11.8 % Net income 26,837 20,618 2,261 30.2 % 1,087.0 % Adjusted net income (non-GAAP)* 28,140 28,912 23,897 (2.7 )% 17.8 % Adjusted EBITDA (non-GAAP)* 87,219 80,035 79,457 9.0 % 9.8 % Diluted EPS 0.28 0.22 0.02 27.3 % 1,300.0 % Adjusted Diluted EPS (non-GAAP)* 0.30 0.31 0.25 (3.2 )% 20.0 % *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP").
Neutral
Accesswire
1 month ago
NESR to Release Fourth Quarter Financial Results on March 12th
HOUSTON, TX / ACCESS Newswire / March 4, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it will release its financial results for the fourth quarter of 2024 on Wednesday, March 12, 2025. A conference call is scheduled for 8:00 AM ET on March 12, 2025, to discuss the financial results.
Neutral
Accesswire
4 months ago
NESR Announces Participation in Upcoming Investor Conferences & Events
HOUSTON, TX / ACCESSWIRE / December 3, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the senior management team will participate in the following upcoming investor conferences and events. TD Cowen Non-Deal Roadshow (NDR) on 4 December - New York City - NESR management will attend 1x1 and group meetings with analysts & investors in New York City; Benchmark Company Non-Deal Roadshow (NDR) on 5-6 December - Mid-Atlantic - NESR management will attend 1x1 and group meetings with analysts & investors in Philadelphia & Baltimore; Capital One Securities Energy Conference on 10 December - Houston, Texas - NESR management will host 1x1 meetings with investors, NESR CFO will participate on a sector panel; Goldman Sachs Energy, CleanTech & Utilities Conference on 7-8 January 2025 - Miami, Florida - NESR management will host 1x1 meetings with investors, NESR CEO will participate on a Middle East-themed panel on Wed, January 8th; Saudi In-Kingdom Total Value Add (IKTVA) Forum & Exhibition on 13-16 January 2025 - Dhahran, Saudi Arabia - NESR team will showcase the Company's achievements in Saudi localization, investment and value-added research & partnerships; Libya Energy & Economic Summit on 18-19 January 2025 - Tripoli, Libya - NESR management will engage with customers and technology partners, and NESR CEO will participate on a panel on Libya's plans to boost activity & production; Egypt Energy Show (EGYPES) on 17-19 February 2025 - Cairo, Egypt - NESR team will feature recent milestones in new technology development, including the Company's Roya drilling platform and NEDA ecosystem of solutions.
Neutral
Seeking Alpha
5 months ago
National Energy Services Reunited Corp.'s (NESR) Q3 2024 Earnings Call Transcript
Call Start: 08:00 January 1, 0000 8:49 AM ET National Energy Services Reunited Corp. (NASDAQ:NESR ) Q3 2024 Earnings Conference Call November 19, 2024 08:00 A.M. ET Company Participants Blake Gendron - VP, IR Sherif Foda - Chairman & CEO Stefan Angeli - CFO Conference Call Participants David Anderson - Barclays Gregory Lewis - BTIG Derek Podhaizer - Piper Sandler Operator Greetings and welcome to NESR's Third Quarter 2024 Financial Results Conference call.
Neutral
Accesswire
5 months ago
National Energy Services Reunited Corp. Reports Third Quarter Financial Results
Revenue for the quarter ended September 30, 2024, is $336.2 million, growing 12.0% year-over-year and 3.5% on a sequential quarter basis Net income for the quarter ended September 30, 2024, is $20.6 million, growing 40.0% year-over-year and 9.2% on a sequential quarter basis Adjusted EBITDA (a non-GAAP measure)* for the quarter ended September 30, 2024 is $80.0 million, growing 12.9% year-over-year and 1.8% on a sequential quarter basis Diluted Earnings per Share (EPS) for the quarter ended September 30, 2024, is $0.22, growing 37.5% year-over-year and 10.0% on a sequential quarter basis Operating cash flow for the nine months ended September 30, 2024, is $183.1 million, improving 30.4% year-over-year Free cash flow (a non-GAAP measure)* for the nine months ended September 30, 2024, is $103.0 million, improving 38.1% year-over-year HOUSTON, TX / ACCESSWIRE / November 19, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported its financial results as of and for the three- and nine-month periods ended September 30, 2024. The Company posted the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) September 30, 2024 June 30, 2024 September 30, 2023 Sequential Year-over-year Revenue $ 336,205 $ 324,969 $ 300,084 3.5 % 12.0 % Net income 20,618 18,873 14,731 9.2 % 40.0 % Adjusted net income (non-GAAP)* 28,912 27,356 19,797 5.7 % 46.0 % Adjusted EBITDA (non-GAAP)* 80,035 78,655 70,885 1.8 % 12.9 % Diluted EPS 0.22 0.20 0.16 10.0 % 37.5 % Adjusted Diluted EPS (non-GAAP)* 0.31 0.29 0.21 6.9 % 47.6 % *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP").
Neutral
Accesswire
5 months ago
NESR Schedules Earnings Release & Announces Nasdaq Bell Ringing Ceremony & Tech Expo
HOUSTON, TX / ACCESSWIRE / November 11, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it will release its financial results for the third quarter of 2024 on Tuesday, November 19, 2024. Additionally, the Company will host investors, analysts and industry partners for a Nasdaq Bell Ringing ceremony on Wednesday, November 20 in New York City.
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