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.
Employees: 6,231
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
6,000% more funds holding
Funds holding: 1 [Q3] → 61 (+60) [Q4]
5,197% more capital invested
Capital invested by funds: $6.64M [Q3] → $352M (+$345M) [Q4]
41.17% more ownership
Funds ownership: 0% [Q3] → 41.17% (+41.17%) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
42%
upside
Avg. target
$14.67
60%
upside
High target
$16
75%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Barclays David Anderson 45% 1-year accuracy 36 / 80 met price target | 75%upside $16 | Overweight Reinstated | 31 Jan 2025 |
Benchmark Kurt Hallead 34% 1-year accuracy 14 / 41 met price target | 64%upside $15 | Buy Initiated | 21 Jan 2025 |
JP Morgan Sean Meakim 100% 1-year accuracy 2 / 2 met price target | 42%upside $13 | Overweight Assumed | 6 Dec 2024 |
Financial journalist opinion
Neutral
Accesswire
2 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
3 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
3 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
3 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.
Neutral
Accesswire
3 months ago
NESR Successfully Deploys ROYA Platform & Secures Drilling Awards Exceeding $200 Million
ABU DHABI, UAE / ACCESSWIRE / November 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 Company completed its first ROYA drilling campaign successfully in Kuwait. Additionally, the Company secured multiple directional drilling ("DD") awards across its core countries, with a total value exceeding $200 million.
Neutral
Accesswire
3 months ago
NESR Acquires Stake In SALTTECH BV To Scale Up Circular Water Technology
HOUSTON, TX / ACCESSWIRE / October 29, 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 it has acquired a minority stake in SALTTECH BV ("Salttech"), a Dutch provider of industry-leading thermal desalination technology known by its Dynamic Vapor Recovery ("Dyvar®") process. Funded through cash, the acquisition follows the successful deployment of Dyvar® on several key pilot projects in the MENA region, including the recently announced Circular Water project deployed successfully with NESR's largest customer.
Neutral
Accesswire
4 months ago
NESR Announces Uplisting to Nasdaq Capital Market
HOUSTON, TX / ACCESSWIRE / October 21, 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 has received approval from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") to transfer its listing to the Nasdaq Capital Market. The Company's securities will be uplisted to the Nasdaq Capital Market at the opening of business on Tuesday, October 22, 2024.
Neutral
Accesswire
5 months ago
NESR Company Presentation - Barclays CEO Energy-Power Conference
NEW YORK, NY / ACCESSWIRE / September 4, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today at the Barclays CEO Energy-Power conference published a company presentation on the Investor Relations page of its website (www.nesr.com). Chairman & Chief Executive Officer, Sherif Foda, will be participating in a fireside chat with analysts at 1:15pm ET.
Neutral
Accesswire
5 months ago
National Energy Services Reunited Corp. Reports Second Quarter and First Half 2024 Financial Results
Revenue for the quarter ended June 30, 2024 is $325.0 million, growing 15.9% year-over-year and 9.5% on a sequential quarter basis Net income for the quarter ended June 30, 2024 is $18.9 million, growing 870.3% year-over-year and 89.1% on a sequential quarter basis Adjusted EBITDA (a non-GAAP measure)* for the quarter ended June 30, 2024 is $78.7 million, growing 30.2% year-over-year and 22.5% on a sequential quarter basis Diluted Earnings per Share (EPS) for the quarter ended June 30, 2024 is $0.20, growing 900.0% year-over-year and 100.0% on a sequential quarter basis Operating cash flow for the six months ended June 30, 2024, is $112.3 million, improving 55.1% year-over-year Free cash flow (a non-GAAP measure)* for the six months ended June 30, 2024, is $59.6 million, improving 73.2% year-over-year HOUSTON, TX / ACCESSWIRE / August 29, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK: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 six-month periods ended June 30, 2024. The Company posted the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) June 30, 2024 March 31, 2024 June 30, 2023 Sequential Year- over- year Revenue $ 324,969 $ 296,848 $ 280,311 9.5 % 15.9 % Net income 18,873 9,982 1,945 89.1 % 870.3 % Adjusted net income (non-GAAP)* 27,356 14,046 6,041 94.8 % 352.8 % Adjusted EBITDA (non-GAAP)* 78,655 64,216 60,411 22.5 % 30.2 % Diluted EPS 0.20 0.10 0.02 100.0 % 900.0 % Adjusted Diluted EPS (non-GAAP)* 0.29 0.15 0.07 93.3 % 314.3 % *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP").
Neutral
Accesswire
8 months ago
NESR Announces Resignation of Board Member
HOUSTON, TX / ACCESSWIRE / June 7, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that on June 5th, 2024, the Board of Directors of NESR accepted the resignation of Board member, Mr. Thomas Wood, effective immediately.
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