National Energy Services Reunited (NASDAQ:NESR) was downgraded by equities researchers at Wall Street Zen from a \"buy\" rating to a \"hold\" rating in a research report issued to clients and investors on Sunday.\n\nSeparately, Barclays lifted their price objective on National Energy Services Reunited from $16.00 to $17.00 and gave the stock an \"overweight\" rating in a report on Thursday, March 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of \"Moderate Buy\" and an average price target of $15.00.\n\nNational Energy Services Reunited (<a>NASDAQ:NESR</a> – <a>Get Free Report</a>) last released its earnings results on Tuesday, June 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The business had revenue of $303.10 million during the quarter, compared to analyst estimates of $304.68 million. As a group, equities analysts anticipate that National Energy Services Reunited will post 1.03 EPS for the current fiscal year.\n\nInstitutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC acquired a new position in National Energy Services Reunited in the 4th quarter worth approximately $49,000. Acadian Asset Management LLC acquired a new position in National Energy Services Reunited in the 1st quarter valued at $48,000. National Bank of Canada FI acquired a new stake in National Energy Services Reunited in the 4th quarter worth $74,000. TD Waterhouse Canada Inc. bought a new stake in National Energy Services Reunited in the fourth quarter valued at about $89,000. Finally, Robotti Robert bought a new stake in shares of National Energy Services Reunited in the 4th quarter valued at approximately $90,000. Institutional investors own 15.55% of the company’s stock.\n\nNational Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. 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.

National Energy Services Reunited (NASDAQ:NESR) Downgraded by Wall Street Zen to Hold

National Energy Services Reunited (NESR) was downgraded by Wall Street Zen from a 'buy' rating to a 'hold' rating, while Barclays raised its price objective to $17.00 and issued an 'overweight' rating. The company reported Q1 earnings of $0.14 EPS, missing estimates, and institutional investors increased their stakes in the company.