NESR Should I Buy
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National Energy Services Reunited Corp (NESR) is not a strong buy at the moment for a beginner investor with a long-term strategy. While analysts are optimistic about the company's future growth, recent financial performance and technical indicators suggest a cautious approach. The lack of immediate positive catalysts and weak financial trends make it prudent to hold off on purchasing at this time.
The MACD is negative and expanding, indicating bearish momentum. RSI is neutral at 50.997, showing no clear trend. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), but the stock is trading near its pivot point of 20.473, with resistance at 21.382 and support at 19.564. Overall, the technical indicators are mixed, leaning slightly bearish.
Analysts are optimistic about NESR's growth potential, particularly due to the Jafurah contract and increased Middle East upstream spending. UBS and BofA have initiated Buy ratings with price targets of $25 and $21, respectively. The stock has an 80% chance of gaining 4.12% in the next month.
Hedge funds and insiders are neutral, with no significant trading activity. There is no recent news or congress trading data to act as a catalyst.
In Q3 2025, revenue dropped by -12.16% YoY to $295.3M, net income fell by -13.97% YoY to $17.7M, EPS declined by -18.18% YoY to $0.18, and gross margin decreased by -28.36% YoY to 10.38%. These declines indicate weak financial performance in the latest quarter.
Analysts are bullish on NESR, with UBS and BofA initiating Buy ratings and price targets of $25 and $21, respectively. They cite stable growth in the Middle East and North Africa, the Jafurah contract, and increased upstream spending as key drivers for future growth. Piper Sandler also raised its price target to $19, highlighting the company's path to $2B in annualized revenue by 2026.
