Al-Nowais Sells $51.4 Million in National Energy Services Reunited Stock

Al-Nowais Yousif Mohammed Ali Nasser sold a significant portion of his holdings in National Energy Services Reunited Corp. (NasdaqCM: NESR), amounting to 1,919,594 shares. The transaction, which took place on June 25, 2026, was valued at approximately $51.4 million, with an average price of $26.80 per share.

Other Institutional Activity in National Energy Services Reunited Corp.

Several institutional investors have also been active in NESR. T. Rowe Price Investment Management, Inc. significantly increased its stake by 2,718,065 shares, now holding a total of 3,260,587 shares valued at about $70 million, marking a 501% increase. FMR LLC grew its holdings by 1,760,951 shares to a total of 9,177,042 shares worth approximately $197 million, a 23.7% increase. On the other hand, Encompass Capital Advisors LLC reduced its position by 2,841,895 shares, now holding 4,261,389 shares valued at $91.5 million, a 40% decrease.

National Energy Services Reunited Corp. Stock Down 18.0%

Shares of NESR traded near $28.24 on Tuesday. The company, which provides oilfield services in the Middle East and North Africa, has a market cap of about $2.85 billion. Its P/E ratio stands at 44.1, with a forward P/E of 11.7, and a beta of 0.353, suggesting relatively low volatility. NESR's stock has a 52-week range between $5.78 and $28.36, with a 50-day moving average of $24.96 and a 200-day moving average of $18.71.

Recent Earnings

For its most recent quarter, National Energy Services Reunited Corp. reported revenues of $1.43 billion, reflecting a 33.5% growth. The company achieved a net margin of 4.5% and a return on equity of 6.7%. Its earnings per share (EPS) stood at $0.64. The next earnings announcement is scheduled for August 18, 2026.

Analysts Set New Price Targets

Analysts have been optimistic about NESR's prospects. On May 18, 2026, Piper Sandler maintained its 'buy' rating with a target price of $33. Barclays also reaffirmed its 'buy' rating on May 13, setting a price target of $35. UBS and BTIG both maintained their 'buy' ratings with a target of $32. Overall, the consensus recommendation remains a 'buy', with an average target price of $31.86 based on seven analyst opinions.

About National Energy Services Reunited Corp.

National Energy Services Reunited Corp. provides a variety of oilfield services across the Middle East and North Africa. Headquartered in Houston, Texas, the company operates in the oil and gas equipment and services industry. Led by CEO Sherif Foda, NESR employs approximately 7,352 people. The company offers services such as hydraulic fracturing, coiled tubing, and drilling, among others.

Bottom Line

The recent insider sale by Al-Nowais is a notable transaction for National Energy Services Reunited Corp., reflecting significant portfolio adjustments. Investors keep a close eye on such insider activities to gauge confidence levels in the company. While the sale is substantial, it doesn't necessarily indicate a negative outlook, as insiders may sell for various reasons. NESR's stock performance and institutional activities suggest ongoing interest and potential growth prospects in the energy sector.