UBS Reiterates Buy Rating on National Energy Services Reunited Corp. (NESR)
UBS analyst Josh Silverstein reaffirms a buy rating with a $36 target for NESR, a 20.28% upside from the current price.
Key Points
- UBS analyst Josh Silverstein reiterated a buy rating on NESR with a $36 price target on June 30, 2026.
- UBS's $36 price target implies 20.28% upside from National Energy Services Reunited Corp.'s ($NESR) current $29.93 share price.
- Shares of NESR traded near $28.49 on Tuesday, with a market cap of about $2.85 billion and a P/E ratio of 44.1.
- National Energy Services Reunited Corp. operates in the Oil & Gas Equipment & Services industry, offering various oilfield services in the Middle East and North Africa.
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On June 30, 2026, UBS analyst Josh Silverstein reiterated a buy rating on National Energy Services Reunited Corp. (NasdaqCM: NESR). Silverstein set a price target of $36, indicating confidence in the company's future performance.
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National Energy Services Reunited Corp. Stock Down 13.1%
Shares of NESR traded near $28.49 on Tuesday. The company has a market cap of approximately $2.85 billion and a P/E ratio of 44.1, reflecting its current profitability. Its forward P/E is more modest at 11.7, suggesting expectations for earnings growth. With a beta of 0.353, NESR's stock is less volatile compared to the broader market. The stock's 52-week range spans from $5.78 to $28.36, and it has 50-day and 200-day moving averages of $24.96 and $18.71, respectively. NESR maintains a current ratio of 1.044 and a quick ratio of 0.828, with a debt-to-equity ratio of 31.879.
$NESR price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
National Energy Services Reunited Corp. reported revenue of $1.43 billion, reflecting a growth rate of 33.5%. The company achieved an EPS of $0.64, with a net margin of 4.53% and a return on equity of 6.74%. Investors can look forward to the next earnings report scheduled for August 18, 2026.
About National Energy Services Reunited Corp.
National Energy Services Reunited Corp. provides oilfield services primarily in the Middle East and North Africa. Headquartered in Houston, Texas, the company operates in the Oil & Gas Equipment & Services industry. It offers a wide range of services through its Production Services and Drilling and Evaluation Services segments, including hydraulic fracturing, coiled tubing, cementing, and drilling solutions. Under the leadership of CEO Mr. Sherif Foda, NESR employs over 7,300 people.
Bottom Line
UBS's reiteration of a buy rating with a $36 target reflects ongoing confidence in NESR's growth potential. As a player in the energy services sector, the company's strategic position in the Middle East and North Africa is worth watching. Remember, analyst ratings are based on past and current data and do not predict future performance.
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