Al-Nowais Yousif Mohammed Ali Nasser Sells Shares of NESR $NESR
Key Points
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Al-Nowais Yousif Mohammed Ali Nasser, insider at National Energy Services Reunited Corp. ($NESR), sold 332,857 shares at an average price of $26.90, for a total transaction of $8.96 million. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission.
National Energy Services Reunited Corp. Stock Down 24.2%
Shares of National Energy Services Reunited Corp. ($NESR) traded around $26.11 on Tuesday, down 24.2% for the day.
National Energy Services Reunited Corp. Earnings
Analysts Set New Price Targets
About National Energy Services Reunited Corp.
National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa. The company's Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems. This segment also provides production assurance chemicals; integrated production management projects; artificial lift services; and surface and subsurface safety systems, high-pressure packer systems, flow controls, service tools, expandable liner technology, vacuum insulated tubing technology for steam applications, and engineering capabilities with manufacturing capacity and testing facilities, as well as sources and treats water for oil and gas, municipal, and industrial use. The Drilling and Evaluation Services segment offers drilling and workover rigs; rigs and integrated services; fishing and remediation solutions; directional and turbines drilling; drilling fluid systems and related technologies; wireline logging; slickline services, descaling, wax and sand cleanout, plug setting, gas lift valve changeout, fishing and other complex well applications; and well testing services to measure solids, gas, and oil and water produced from well, as well as drilling tools and machine shop services. This segment also provides oilfield solutions for thru-tubing intervention; tubular running services; and a range of wellhead products, flow control equipment, and frac equipment. National Energy Services Reunited Corp. was incorporated in 2017 and is headquartered in Houston, Texas.
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