Benchmark Starts National Energy Services Reunited (NESR) at Buy

Benchmark analyst Kurt Hallead initiates coverage on National Energy Services Reunited (NASDAQ: NESR) with a Buy rating and a price target of $15.00.

The analyst comments "We are initiating coverage of National Energy Services Reunited (NESR) with a Buy rating and $15 price target. NESR is a Mid-East focused energy services & technology company. It is a smaller player growing at a faster clip than the overall market. The setup reminds us of the market opportunity that Weatherford (WFRD-Buy) had under new management (2021-2024) and the profitable market share gains Cactus (WHD-Hold) made post its 2018 IPO. With a market cap of ~$900mn, the stock is an ideal candidate for Small and Mid-Cap growth funds. The company has 95mn shares outstanding with a float of 33%. Institutions own ~60% of the stock and Insiders own ~7%. Average 30-day volume is ~140k shares."

For an analyst ratings summary and ratings history on National Energy Services Reunited click here. For more ratings news on National Energy Services Reunited click here.

Shares of National Energy Services Reunited closed at $9.29 yesterday.

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