National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through two segments, Production Services; and Drilling and Evaluation Services. The 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 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. It also provides production assurance chemicals; laboratory services; artificial lift services; and surface and subsurface safety systems, high-pressure packer systems, flow controls, service tools, expandable liner technology, vacuum insulated tubing technology, and engineering capabilities with manufacturing capacity and testing facilities, as well as sources, treats, and disposes water for oil and gas, municipal, and industrial use. The Drilling and Evaluation Services segment offers drilling and workover rigs; rig services; fishing and remedial solutions; directional and turbines drilling services; drilling fluid systems and related technologies; wireline logging services; slickline services for removal of scale, wax and sand build-up, setting plugs, changing out gas lift valves, and fishing and other well applications; and well testing services to measure solids, gas, and oil and water produced from a well, as well as rents drilling tools. It also provides oilfield solutions for thru-tubing intervention; tubular running services; and a range of wellhead products, flow control equipment, and frac equipment. The company was incorporated in 2017 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NASDAQ
Website: nesr.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/31/2025 | $16.00 | Overweight | Barclays |
| 1/21/2025 | $15.00 | Buy | The Benchmark Company |
| 12/6/2024 | $13.00 | Overweight | Analyst |
| 10/25/2024 | $15.00 | Buy | BTIG Research |
| 4/25/2022 | $13.50 → $11.00 | Outperform → Sector Perform | National Bank Financial |
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SC 13D/A - National Energy Services Reunited Corp. (0001698514) (Subject)
SC 13D/A - National Energy Services Reunited Corp. (0001698514) (Subject)
HOUSTON, TX / ACCESSWIRE / June 7, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC:NESR)(OTC:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that on June 5th, 2024, the Board of Directors of NESR accepted the resignation of Board member, Mr. Thomas Wood, effective immediately. Mr. Wood will not be standing for re-election at the 2024 Annual General Meeting.Cautionary Statement Regarding Forward Looking StatementsStatements contained in this press release that are not historical fact may be forward-looking within the meaning of Section 27A of the Securities Act
Revenue for the quarter ended September 30, 2024, is $336.2 million, growing 12.0% year-over-year and 3.5% on a sequential quarter basisNet income for the quarter ended September 30, 2024, is $20.6 million, growing 40.0% year-over-year and 9.2% on a sequential quarter basisAdjusted EBITDA (a non-GAAP measure)* for the quarter ended September 30, 2024 is $80.0 million, growing 12.9% year-over-year and 1.8% on a sequential quarter basisDiluted Earnings per Share (EPS) for the quarter ended September 30, 2024, is $0.22, growing 37.5% year-over-year and 10.0% on a sequential quarter basisOperating cash flow for the nine months ended September 30, 2024, is $183.1 million, improving 30.4% year-ove
HOUSTON, TX / ACCESSWIRE / November 11, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it will release its financial results for the third quarter of 2024 on Tuesday, November 19, 2024. Additionally, the Company will host investors, analysts and industry partners for a Nasdaq Bell Ringing ceremony on Wednesday, November 20 in New York City.A conference call is scheduled for 8:00 AM ET on November 19, 2024, to discuss the financial results. Investors, analysts and members of the media interested in listening to the confer
HOUSTON, TX / ACCESSWIRE / October 29, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it has acquired a minority stake in SALTTECH BV ("Salttech"), a Dutch provider of industry-leading thermal desalination technology known by its Dynamic Vapor Recovery ("Dyvar®") process.Funded through cash, the acquisition follows the successful deployment of Dyvar® on several key pilot projects in the MENA region, including the recently announced Circular Water project deployed successfully with NESR's larg
Revenue for the quarter ended June 30, 2024 is $325.0 million, growing 15.9% year-over-year and 9.5% on a sequential quarter basisNet income for the quarter ended June 30, 2024 is $18.9 million, growing 870.3% year-over-year and 89.1% on a sequential quarter basisAdjusted EBITDA (a non-GAAP measure)* for the quarter ended June 30, 2024 is $78.7 million, growing 30.2% year-over-year and 22.5% on a sequential quarter basisDiluted Earnings per Share (EPS) for the quarter ended June 30, 2024 is $0.20, growing 900.0% year-over-year and 100.0% on a sequential quarter basisOperating cash flow for the six months ended June 30, 2024, is $112.3 million, improving 55.1% year-over-yearFree cash flow (a
HOUSTON, TX / ACCESSWIRE / August 26, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it will release its financial results for the first half of 2024 on Thursday, August 29, 2024.A conference call is scheduled for 8:00 AM ET on August 29, 2024, to discuss the financial results. Investors, analysts and members of the media interested in listening to the conference call are encouraged to participate by dialing in to the U.S. toll-free line at 1-877-407-0890 or the international line at 1-201-389-0918, approximately 10 minu
Revenue for the year ended December 31, 2023, is $1.146 billion, growing 26% year-over-yearOperating cash flow for the year ended December 31, 2023, is $177.0 million, improving 91% year-over-yearFree cash flow (a non-GAAP measure) for the year ended December 31, 2023, is $108.8 million*Net income for the year ended December 31, 2023, is $12.6 millionAdjusted EBITDA (a non-GAAP measure) for the year ended December 31, 2023, is $262.3 million*Diluted Earnings per Share (EPS) for the year ended December 31, 2023, is $0.13Adjusted Diluted EPS (a non-GAAP measure), which includes $0.40 per share of Charges and Credits, for the year ended December 31, 2023, is $0.53*HOUSTON, TX / ACCESSWIRE / Apr
MUSCAT, OMAN / ACCESSWIRE / April 17, 2023 / National Energy Services Reunited Corp. ("NESR", "Gulf Energy" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that its subsidiary, Gulf Energy, successfully completed negotiations with multiple clients in Oman to extend existing Well Intervention contracts for up to five (5) years.Based on the Company's excellent service delivery and new technology introductions across various fields that have resulted in exceptional well productivity increases, the new contracts range in duration for different clients and
BALLERUP, Denmark, March 22, 2023 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ:LIQT) ("LiqTech"), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2022. 2022 Financial Highlights Full year revenue of $16.0 million, a decrease of 13% from 2021.Net loss of $(14.2) millionStrong ending cash balance of $16.6 million.Q4 2022 Financial Highlights Q4 2022 revenue of $4.0 million, a 22% sequential increase from Q3 2022.Operating exp
DHARAN TECHNO VALLEY, KINGDOM OF SAUDI ARABIA / ACCESSWIRE / February 27, 2023 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced the inauguration & opening of its NESR Oilfield Research & Innovation ("NORI") Center in Saudi Arabia's Dharan Techno Valley ("DTV").The NORI facility, located in the heart of Saudi Arabia's industrial research, technology and academic hub, will enhance NESR's ability to drive energy sector research & innovation across the MENA region, while also augmenting the Company's alignme
RIYADH, KINGDOM OF SAUDI ARABIA / ACCESSWIRE / January 10, 2023 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the Company has been awarded a long-term, Wireline Services ("Wireline") platform contract in Saudi Arabia, which greatly expands the scope of services provided over a nine (9) year contract term. Within the expanded scope of the contract, NESR will now provide advanced Cased-Hole & perforation services, in addition to the broad suite of services currently performed. This contract give
HOUSTON, TX / ACCESSWIRE / December 3, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the senior management team will participate in the following upcoming investor conferences and events.TD Cowen Non-Deal Roadshow (NDR) on 4 December - New York City - NESR management will attend 1x1 and group meetings with analysts & investors in New York City;Benchmark Company Non-Deal Roadshow (NDR) on 5-6 December - Mid-Atlantic - NESR management will attend 1x1 and group meetings with analysts & investors
Revenue for the quarter ended September 30, 2024, is $336.2 million, growing 12.0% year-over-year and 3.5% on a sequential quarter basisNet income for the quarter ended September 30, 2024, is $20.6 million, growing 40.0% year-over-year and 9.2% on a sequential quarter basisAdjusted EBITDA (a non-GAAP measure)* for the quarter ended September 30, 2024 is $80.0 million, growing 12.9% year-over-year and 1.8% on a sequential quarter basisDiluted Earnings per Share (EPS) for the quarter ended September 30, 2024, is $0.22, growing 37.5% year-over-year and 10.0% on a sequential quarter basisOperating cash flow for the nine months ended September 30, 2024, is $183.1 million, improving 30.4% year-ove
HOUSTON, TX / ACCESSWIRE / November 11, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it will release its financial results for the third quarter of 2024 on Tuesday, November 19, 2024. Additionally, the Company will host investors, analysts and industry partners for a Nasdaq Bell Ringing ceremony on Wednesday, November 20 in New York City.A conference call is scheduled for 8:00 AM ET on November 19, 2024, to discuss the financial results. Investors, analysts and members of the media interested in listening to the confer
ABU DHABI, UAE / ACCESSWIRE / November 3, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the Company completed its first ROYA drilling campaign successfully in Kuwait. Additionally, the Company secured multiple directional drilling ("DD") awards across its core countries, with a total value exceeding $200 million.The successful ROYA deployment in Kuwait marks a key milestone for NESR's integrated RoyaSteer® Rotary Steerable System ("RSS") and RoyaStream® Measurement-While-Drilling ("MWD") too
HOUSTON, TX / ACCESSWIRE / October 29, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it has acquired a minority stake in SALTTECH BV ("Salttech"), a Dutch provider of industry-leading thermal desalination technology known by its Dynamic Vapor Recovery ("Dyvar®") process.Funded through cash, the acquisition follows the successful deployment of Dyvar® on several key pilot projects in the MENA region, including the recently announced Circular Water project deployed successfully with NESR's larg
HOUSTON, TX / ACCESSWIRE / October 21, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it has received approval from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") to transfer its listing to the Nasdaq Capital Market. The Company's securities will be uplisted to the Nasdaq Capital Market at the opening of business on Tuesday, October 22, 2024.The Company's shares will continue to trade under the ticker symbol "NESR", and its warrants will continue to trade under the ticker symbol "NESRW". The
NEW YORK, NY / ACCESSWIRE / September 4, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC:NESR)(OTC:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today at the Barclays CEO Energy-Power conference published a company presentation on the Investor Relations page of its website (www.nesr.com). Chairman & Chief Executive Officer, Sherif Foda, will be participating in a fireside chat with analysts at 1:15pm ET.Cautionary Statement Regarding Forward Looking StatementsStatements contained in this press release that are not historical fact may be forward-looking within the meaning of
Revenue for the quarter ended June 30, 2024 is $325.0 million, growing 15.9% year-over-year and 9.5% on a sequential quarter basisNet income for the quarter ended June 30, 2024 is $18.9 million, growing 870.3% year-over-year and 89.1% on a sequential quarter basisAdjusted EBITDA (a non-GAAP measure)* for the quarter ended June 30, 2024 is $78.7 million, growing 30.2% year-over-year and 22.5% on a sequential quarter basisDiluted Earnings per Share (EPS) for the quarter ended June 30, 2024 is $0.20, growing 900.0% year-over-year and 100.0% on a sequential quarter basisOperating cash flow for the six months ended June 30, 2024, is $112.3 million, improving 55.1% year-over-yearFree cash flow (a
HOUSTON, TX / ACCESSWIRE / August 26, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it will release its financial results for the first half of 2024 on Thursday, August 29, 2024.A conference call is scheduled for 8:00 AM ET on August 29, 2024, to discuss the financial results. Investors, analysts and members of the media interested in listening to the conference call are encouraged to participate by dialing in to the U.S. toll-free line at 1-877-407-0890 or the international line at 1-201-389-0918, approximately 10 minu
HOUSTON, TX / ACCESSWIRE / June 7, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC:NESR)(OTC:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that on June 5th, 2024, the Board of Directors of NESR accepted the resignation of Board member, Mr. Thomas Wood, effective immediately. Mr. Wood will not be standing for re-election at the 2024 Annual General Meeting.Cautionary Statement Regarding Forward Looking StatementsStatements contained in this press release that are not historical fact may be forward-looking within the meaning of Section 27A of the Securities Act
Barclays resumed coverage of National Energy Services Reunited with a rating of Overweight and set a new price target of $16.00
The Benchmark Company initiated coverage of National Energy Services Reunited with a rating of Buy and set a new price target of $15.00
Analyst initiated coverage of National Energy Services Reunited with a rating of Overweight and set a new price target of $13.00
BTIG Research initiated coverage of National Energy Services Reunited with a rating of Buy and set a new price target of $15.00
National Bank Financial downgraded National Energy Services Reunited from Outperform to Sector Perform and set a new price target of $11.00 from $13.50 previously
Barclays reiterated coverage of National Energy Services Reunited with a rating of Overweight and set a new price target of $22.00 from $17.00 previously
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6-K - National Energy Services Reunited Corp. (0001698514) (Filer)
6-K - National Energy Services Reunited Corp. (0001698514) (Filer)