The company's fundamentals are relatively very healthy. Its valuation is considered overvalued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a very weak market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Score
Industry at a Glance
Industry Ranking
15 / 96
Overall Ranking
82 / 4723
Industry
Oil & Gas Related Equipment and Services
Support & Resistance
No Data
Score Analysis
Current score
Previous score
Analyst Rating
Based on
5
analysts
Buy
Current Rating
14.000
Target Price
+34.23%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Company Highlights
StrengthsRisks
National Energy Services Reunited Corp. is an oilfield service provider in the Middle East and North Africa (MENA) and Asia Pacific (APAC) regions. The Company offers a range of production services, such as hydraulic fracturing, coiled tubing, stimulation, and pumping, cementing, nitrogen services, filtration services, pipelines and industrial services, production assurance, artificial lift services, and completions and integrated production management. It also provides drilling and evaluation services, such as rigs and integrated services, fishing and downhole tools, thru-tubing intervention, tubular running services, directional drilling, drilling fluids, pressure control, well testing services, wireline logging services, and slickline services. The Company has significant operations throughout the MENA region including Saudi Arabia, Oman, Kuwait, United Arab Emirates, Algeria, Egypt, Libya, Iraq, and Qatar.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 43.12% year-on-year.
Overvalued
The company’s latest PB is 1.09, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 79.87M shares, decreasing 2.62% quarter-over-quarter.
National Energy Services Reunited Corp. is an oilfield service provider in the Middle East and North Africa (MENA) and Asia Pacific (APAC) regions. The Company offers a range of production services, such as hydraulic fracturing, coiled tubing, stimulation, and pumping, cementing, nitrogen services, filtration services, pipelines and industrial services, production assurance, artificial lift services, and completions and integrated production management. It also provides drilling and evaluation services, such as rigs and integrated services, fishing and downhole tools, thru-tubing intervention, tubular running services, directional drilling, drilling fluids, pressure control, well testing services, wireline logging services, and slickline services. The Company has significant operations throughout the MENA region including Saudi Arabia, Oman, Kuwait, United Arab Emirates, Algeria, Egypt, Libya, Iraq, and Qatar.