Prudential Financial Inc. Raises Stock Holdings in National Energy Services Reunited Corp. (NASDAQ:NESR)

Prudential Financial Inc. grew its stake in National Energy Services Reunited Corp. (NASDAQ:NESR) by 60.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,472 shares of the company’s stock after acquiring an additional 27,270 shares during the quarter. Prudential Financial Inc. owned about 0.08% of National Energy Services Reunited worth $1,033,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Squarepoint Ops LLC increased its stake in shares of National Energy Services Reunited by 466.8% during the 2nd quarter. Squarepoint Ops LLC now owns 72,079 shares of the company’s stock valued at $1,027,000 after acquiring an additional 59,363 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of National Energy Services Reunited by 37.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 21,747 shares of the company’s stock valued at $310,000 after purchasing an additional 5,888 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of National Energy Services Reunited by 32.0% in the 2nd quarter. California State Teachers Retirement System now owns 41,105 shares of the company’s stock valued at $586,000 after acquiring an additional 9,954 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of National Energy Services Reunited by 1,500.2% in the 2nd quarter. Royal Bank of Canada now owns 439,211 shares of the company’s stock valued at $6,258,000 after buying an additional 411,764 shares during the period. Finally, Morgan Stanley increased its holdings in shares of National Energy Services Reunited by 247,772.5% in the 2nd quarter. Morgan Stanley now owns 478,394 shares of the company’s stock worth $6,816,000 after acquiring an additional 478,201 shares during the period. 43.20% of the stock is owned by institutional investors and hedge funds.

NESR stock opened at $10.56 on Thursday. The business has a fifty day moving average price of $11.88 and a 200 day moving average price of $12.64. National Energy Services Reunited Corp. has a fifty-two week low of $8.65 and a fifty-two week high of $15.95. The stock has a market capitalization of $959.41 million, a price-to-earnings ratio of 18.54 and a beta of 0.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.53 and a quick ratio of 1.23.

National Energy Services Reunited (NASDAQ:NESR) last posted its quarterly earnings data on Tuesday, November 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. National Energy Services Reunited had a return on equity of 5.19% and a net margin of 4.30%. During the same quarter in the prior year, the business posted $0.16 EPS. On average, equities analysts expect that National Energy Services Reunited Corp. will post 0.5 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut National Energy Services Reunited from a “hold” rating to a “sell” rating in a report on Tuesday, October 12th.

About National Energy Services Reunited

National Energy Services Reunited Corp. is a holding company, which engages in the provision of oilfield services. It operates through the following segments: Production Services and Drilling & Evaluation Services. The Production Services segment includes coiled tubing, cementing, stimulation and pumping, nitrogen services, filtration services, completions, pipelines, laboratory services, and artificial lift services.

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Institutional Ownership by Quarter for National Energy Services Reunited (NASDAQ:NESR)

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