NESR

National Energy Services Reunited Corp

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Advanced Chart

6.460

-0.170(-2.560%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

6.645

Open

6.570

VWAP

6.55

Vol

119.21K

Mkt Cap

620.46M

Low

6.440

Amount

780.47K

EV/EBITDA(TTM)

Total Shares

96.05M

911.67M

EV/OCF(TTM)

P/S(TTM)

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.

2 Analyst Rating

124.46% Upside

Wall Street analysts forecast NESR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NESR is 14.50 USD with a low forecast of 12.00 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

0 Hold

0 Sell

Moderate Buy

124.46% Upside

Current: 6.460

Low

12.00

Averages

14.50

High

17.00

124.46% Upside

Current: 6.460

Low

12.00

Averages

14.50

High

17.00

Barclays

David Anderson

Buy

Maintains

$16 → $17

2025-03-13

Reason

Barclays

David Anderson

Price Target

$16 → $17

2025-03-13

Maintains

Buy

Reason

Barclays raised the firm's price target on National Energy Services to $17 from $16 and keeps an Overweight rating on the shares. The firm says the company "continues to re-establish itself,} ending 2024 on a "strong note" and set up to outperform in 2025 with a leading position in Jafurah and expansion into the growing Kuwait market. The firm sees a valuation "disconnect" and "significant upside" potential in the shares.

Barclays

David Anderson

Buy

Initiates

$16

2025-01-31

Reason

Barclays

David Anderson

Price Target

$16

2025-01-31

Initiates

Buy

Reason

Barclays reinstated coverage of National Energy Services with an Overweight rating and $16 price target. National Energy focuses on providing essential drilling and completions services exclusively in the Middle East region, enabling the company to achieve strong revenue growth and elevated EBITDA margins in the low-to-mid 20s, the analyst tells investors in a research note. The firm views the stock's current valuation as attractive.

Benchmark

Kurt Hallead

Strong Buy

Initiates

$15

2025-01-21

Reason

Benchmark

Kurt Hallead

Price Target

$15

2025-01-21

Initiates

Strong Buy

Reason

Benchmark analyst Kurt Hallead initiated coverage of National Energy Services with a Buy rating and $15 price target.

JP Morgan

Sean Meakim

Buy

Initiates

$13

2024-12-06

Reason

JP Morgan

Sean Meakim

Price Target

$13

2024-12-06

Initiates

Buy

Reason

JPMorgan initiated coverage of National Energy Services with an Overweight rating and $13 price target. The company's "distinct pure-play geographic leverage" to the Middle East and Asia-Pacific markets and "well-rounded portfolio" makes National Energy an "intriguing way" to play the international services market where activity trends are decelerating, the analyst tells investors in a research note. The firm thinks National Energy is well positioned to outpace incumbent service providers growth in the region over coming quarters.

BTIG

Greg Lewis

Strong Buy

Initiates

$15

2024-10-25

Reason

BTIG

Greg Lewis

Price Target

$15

2024-10-25

Initiates

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for National Energy Services Reunited Corp (NESR.O) is 6.03, compared to its 5-year average forward P/E of 7.73. For a more detailed relative valuation and DCF analysis to assess National Energy Services Reunited Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Undervalued

5Y Average PE

7.73

Current PE

6.03

Overvalued PE

9.09

Undervalued PE

6.36

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Undervalued

5Y Average EV/EBITDA

3.46

Current EV/EBITDA

2.87

Overvalued EV/EBITDA

3.87

Undervalued EV/EBITDA

3.05

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Undervalued

5Y Average PS

0.57

Current PS

0.45

Overvalued PS

0.66

Undervalued PS

0.49