National Energy Services Reunited (NESR) Stock Overview
Provides oilfield services in the Middle East and North Africa. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 6/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for NESR from our risk checks.
NESR Community Fair Values
Create NarrativeSee what 36 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
National Energy Services Reunited Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$26.11 |
| 52 Week High | US$27.69 |
| 52 Week Low | US$5.66 |
| Beta | 0.35 |
| 1 Month Change | 2.55% |
| 3 Month Change | 25.77% |
| 1 Year Change | 334.44% |
| 3 Year Change | 715.94% |
| 5 Year Change | 74.07% |
| Change since IPO | 174.55% |
Recent News & Updates
Narrative Update • Jun 04
NESR: Energy Security Theme And Q1 Execution Will Drive Future Repricing
Analysts have nudged their fair value estimate for National Energy Services Reunited up from $29.57 to $31.86, citing higher Street price targets tied to Q1 revenue and EBITDA strength, as well as ongoing support from the Energy Security theme across key end markets. Analyst Commentary Bullish Takeaways Bullish analysts have raised their price targets into the low to mid US$30s, signaling that recent Q1 results and updated assumptions support a higher fair value range for the stock.Seeking Alpha • May 28
National Energy Services Reunited: Infrastructure Single-Seller Backing Gulf Sovereign AI
Summary National Energy Services Reunited Corp. is rated Strong Buy, positioned as a critical enabler for the Gulf’s AI and energy security infrastructure. NESR’s dominance in Saudi Arabia’s Jafurah gas project and NEDA water/lithium extraction technologies underpin a $3B revenue run rate and potential multiple expansion. Hyper-localized supply chains and geopolitical moats insulate NESR from regional volatility, supporting high-margin North African gas export opportunities. Key risks include working capital drag from slow NOC payments, which could threaten FCF conversion and the sustainability of new capital return programs. Read the full article on Seeking Alpha
Narrative Update • May 15
NESR: Early Jafurah Ramp And Resilient Margins Will Support Long Cycle Cash Flows
Analysts have nudged the fair value estimate for National Energy Services Reunited to $34.78 from $33.00, pointing to recent target raises to $35 and model updates after Q1 and Q4 revenue and EBITDA beats as key supports for the new price objective. Analyst Commentary Recent research updates highlight a clear shift toward more constructive views on National Energy Services Reunited, with bullish analysts pointing to both execution on recent quarters and a refreshed outlook following earnings.Recent updates
Narrative Update • Jun 04
NESR: Energy Security Theme And Q1 Execution Will Drive Future Repricing
Analysts have nudged their fair value estimate for National Energy Services Reunited up from $29.57 to $31.86, citing higher Street price targets tied to Q1 revenue and EBITDA strength, as well as ongoing support from the Energy Security theme across key end markets. Analyst Commentary Bullish Takeaways Bullish analysts have raised their price targets into the low to mid US$30s, signaling that recent Q1 results and updated assumptions support a higher fair value range for the stock.Seeking Alpha • May 28
National Energy Services Reunited: Infrastructure Single-Seller Backing Gulf Sovereign AI
Summary National Energy Services Reunited Corp. is rated Strong Buy, positioned as a critical enabler for the Gulf’s AI and energy security infrastructure. NESR’s dominance in Saudi Arabia’s Jafurah gas project and NEDA water/lithium extraction technologies underpin a $3B revenue run rate and potential multiple expansion. Hyper-localized supply chains and geopolitical moats insulate NESR from regional volatility, supporting high-margin North African gas export opportunities. Key risks include working capital drag from slow NOC payments, which could threaten FCF conversion and the sustainability of new capital return programs. Read the full article on Seeking AlphaNarrative Update • May 15
NESR: Early Jafurah Ramp And Resilient Margins Will Support Long Cycle Cash Flows
Analysts have nudged the fair value estimate for National Energy Services Reunited to $34.78 from $33.00, pointing to recent target raises to $35 and model updates after Q1 and Q4 revenue and EBITDA beats as key supports for the new price objective. Analyst Commentary Recent research updates highlight a clear shift toward more constructive views on National Energy Services Reunited, with bullish analysts pointing to both execution on recent quarters and a refreshed outlook following earnings.Analysis Article • May 14
National Energy Services Reunited Corp. Just Recorded A 22% EPS Beat: Here's What Analysts Are Forecasting Next
As you might know, National Energy Services Reunited Corp. ( NASDAQ:NESR ) just kicked off its latest first-quarter...Narrative Update • Apr 29
NESR: Jafurah Ramp And Resilient Margins Will Drive Future Repricing
Analysts have raised their average price target on National Energy Services Reunited by about $0.70, citing updated models that incorporate Q4 earnings, firm margins and a more supportive view of future revenue growth and P/E assumptions. Analyst Commentary Recent research updates show a mix of optimism and caution around National Energy Services Reunited, with revisions to models following Q4 results and new project ramps.Narrative Update • Apr 14
NESR: Early Jafurah Ramp Will Support Long Cycle Cash Flows
Narrative Update on National Energy Services Reunited The analyst fair value estimate for National Energy Services Reunited has been revised from $30.00 to $33.00. This change reflects updated views on revenue, margins and future P/E assumptions following recent research that highlighted Q4 performance, the early Jafurah ramp and ongoing Street model changes after earnings.
Narrative Update • Mar 31
NESR: Jafurah Ramp And Regional Exposure Will Shape Future Risk Reward Balance
Analyst price targets for National Energy Services Reunited have moved sharply higher, with recent updates ranging from $21 to $34 as analysts factor in stronger Jafurah activity, resilient margins and the company's hydraulic fracturing position in the Middle East. Analyst Commentary Recent Street research on National Energy Services Reunited centers on higher Q4 expectations, the ramp at Jafurah and the company’s hydraulic fracturing capacity in the Middle East.Narrative Update • Mar 17
NESR: Jafurah Ramp And Middle East Fracturing Scale Will Drive Repricing
The Analyst Price Target for National Energy Services Reunited has been raised from $22.14 to $28.86 as analysts factor in updated Q4 models, stronger expected revenue growth and margins, and continued support from the Jafurah project ramp and Middle East upstream spending. Analyst Commentary Recent Street research around National Energy Services Reunited centers on updated Q4 models, higher price targets, and the role of key Middle East projects in shaping expectations.Narrative Update • Mar 03
NESR: Jafurah Execution Risk Will Likely Challenge Current Share Price
The analyst price target for National Energy Services Reunited has been lifted materially, with recent Street updates now clustering in the low $30s, as analysts adjust models for stronger Q4 results, higher assumed revenue growth and margins, and continued contribution from the Jafurah project and Middle East upstream spending. Analyst Commentary Recent research updates on National Energy Services Reunited have centered on stronger Q4 results, early benefits from the Jafurah project, and exposure to elevated Middle East upstream spending.Narrative Update • Feb 17
NESR: Middle East Fracturing Scale And Jafurah Execution Will Shape Repricing
Analysts have raised their average price target for National Energy Services Reunited by $10 to $30, citing the company's leading hydraulic fracturing capacity in Saudi Arabia and its significant exposure to Middle East and North Africa upstream spending. Analyst Commentary Recent research coverage clusters around the same core theme: the company’s scale in Middle East hydraulic fracturing and its exposure to regional upstream activity.Narrative Update • Feb 03
NESR: Middle East Fracturing Scale And 2026 Revenue Run Rate Will Shape Repricing
Analysts have lifted their price targets on National Energy Services Reunited, which is reflected in our fair value estimate moving from US$19.80 to about US$22.14 as they factor in recent bullish coverage, raised Street targets and updated assumptions for revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent Street research on National Energy Services Reunited has centered on its position in Middle East oilfield services, expected activity levels at key projects, and the link between regional spending plans and the company’s earnings power.Narrative Update • Jan 20
NESR: Middle East Fracturing Scale Will Support Long-Cycle Cash Flows
Analysts have lifted their price target on National Energy Services Reunited to $30 from $25, citing the company's hydraulic fracturing capacity in Saudi Arabia, its heavy revenue exposure to Middle East upstream spending, and updated assumptions around profit margins, discount rate, and future P/E as key drivers of the change. Analyst Commentary Bullish analysts are focusing on National Energy Services Reunited's exposure to Middle East upstream spending and its operational scale in hydraulic fracturing, and they are reflecting that view in higher price targets and fresh coverage.Analysis Article • Jan 16
National Energy Services Reunited Corp.'s (NASDAQ:NESR) P/E Is Still On The Mark Following 28% Share Price Bounce
National Energy Services Reunited Corp. ( NASDAQ:NESR ) shares have continued their recent momentum with a 28% gain in...Narrative Update • Jan 05
NESR: Longer-Cycle Upswing And Record 2025 Exit Run Rate Will Support Repricing
Narrative Update The Street price target for National Energy Services Reunited has shifted up to $15 from $13, as analysts factor in a recent pickup in oil and gas activity, a slightly lower discount rate and steady long term assumptions on growth, margins and future P/E to frame a potential recovery path, despite a still challenging macro backdrop. Analyst Commentary Analysts are using the recent US$15 price target as a way to frame what a recovery could look like for National Energy Services Reunited, while still highlighting meaningful macro risks that could affect execution and valuation timing.Narrative Update • Dec 20
NESR: Long-Cycle Contracts Will Drive Stronger Cash Flows Amid Volatile Oil Prices
Analysts have lifted their price target for National Energy Services Reunited sharply, from $16.00 to $25.00, citing improved long term revenue growth expectations and a lower perceived risk profile, despite a still challenging macro backdrop for energy markets. Analyst Commentary Bullish analysts point to a healthier activity backdrop in both oil and gas over the past six weeks, noting that drilling and completion activity appears to have bounced off the bottom.Narrative Update • Dec 06
NESR: Longer-Cycle Recovery And Activity Uptick Will Drive Bullish Share Repricing
Analysts nudged their price target for National Energy Services Reunited higher, to the mid-teens per share, citing a modestly improved profit outlook and supportive recent Street research that highlights recovering oil and gas activity and fresh Buy-rated coverage with targets around $15 to $16. Analyst Commentary Bullish analysts view the higher mid teens price targets as supported by a bottoming in activity trends and an eventual upturn in international oilfield spend, arguing that the company is positioned to benefit as recovery gathers pace across its key markets.Analysis Article • Nov 25
National Energy Services Reunited's (NASDAQ:NESR) Profits Appear To Have Quality Issues
National Energy Services Reunited Corp. ( NASDAQ:NESR ) just released a solid earnings report, and the stock displayed...Narrative Update • Nov 22
NESR: Future Revenue Recovery Will Accelerate With Higher Oil And Gas Activity
Analysts have raised their price target for National Energy Services Reunited to $19.80 from $15.40. They cite stronger-than-expected revenue growth and an improving industry outlook as the main drivers of their updated valuation.Narrative Update • Nov 08
NESR: Future Oil And Gas Activity Will Drive Recovery Momentum
Analysts have raised their price target for National Energy Services by $2 to $15. They cite signs of recovering oil and gas activity and the company’s positioning amid industry headwinds.Narrative Update • Oct 24
Revenue Recovery and Sector Rebound Will Drive Long-Term Shareholder Returns
National Energy Services Reunited's analyst price target has been increased from $15.00 to $15.40 per share, as analysts cite improved revenue growth projections. This increase is seen as offsetting moderating profit margins amid a gradually recovering energy sector.Narrative Update • Oct 10
Global Energy Demand And Digital Upgrades Will Secure Future Success
The analyst price target for National Energy Services Reunited has increased from $13.20 to $15.00 per share. Analysts cite improved revenue growth expectations and stronger profit margins as reasons for their more optimistic outlook.Narrative Update • Sep 10
Global Energy Demand And Digital Upgrades Will Secure Future Success
Analysts have raised National Energy Services Reunited’s price target from $12.50 to $13.20, citing optimism about a recovery in international drilling activity and the company’s resilience despite ongoing sector headwinds. Analyst Commentary Bullish analysts see a buying opportunity for National Energy Services despite international activity deceleration, initiating coverage with favorable ratings and higher price targets.Analysis Article • Aug 05
National Energy Services Reunited (NASDAQ:NESR) Has A Pretty Healthy Balance Sheet
NasdaqCM:NESR 1 Year Share Price vs Fair Value Explore National Energy Services Reunited's Fair Values from the...
New Narrative • Feb 06
ROYA And NEDA Technologies Will Drive Future Prospects Amid MENA Expansion
NESR's expansion and technology rollout in MENA indicate potential revenue growth and increased market share, boosting net margins.Analysis Article • Aug 24
National Energy Services Reunited Corp. (NASDAQ:NESR) Shares Could Be 34% Below Their Intrinsic Value Estimate
In this article we are going to estimate the intrinsic value of National Energy Services Reunited Corp. ( NASDAQ:NESR...Seeking Alpha • Jul 18
NESR agrees to acquire minority stake in W. D. Von Gonten Engineering LLC in a stock deal
National Energy Services Reunited (NASDAQ:NESR) is acquiring a minority stake in W. D. Von Gonten Engineering LLC, a premier Reservoir Characterization and Geological & Geophysical laboratory and consulting business formed from the merger of W. D. Von Gonten Laboratories LLC and W. D. Von Gonten & Co. Petroleum Engineering Consulting. This acquisition, valued at approximately 4 times estimated 2022 EBITDA, was funded mainly through issuing NESR shares valued at $10 per share, and a minority portion of cash. The company have an option to acquire additional stake and become the majority owner of WDVG in subsequent years. NESR Chairman and CEO Sherif Foda commented, "This strategic addition of a truly differentiated oilfield labs & consulting business is crucial to the overall positioning of our portfolio, and we look forward to collaborating further with Bill and his team. Furthermore, the addition of WDVG's state-of-the-art laboratory equipment in NORI in Techno Valley will enhance our collaboration with academia and enable exchange of scientists and researchers between the USA and the MENA region where we are developing joint programs to benefit from what has been achieved across the globe in the last decade. In addition, the demand for natural gas and unconventional resources is anticipated to explode in the coming years in the region, and having such expertise and cutting edge laboratory capabilities in the heart of this activity will ensure giving access to our customers for the latest technologies, testing facilities and intellectual power. Overall, we are very excited about the future of the region and this transaction will bring both tangible and intangible benefits to our customers in this multi years upcycle."Seeking Alpha • Jun 29
National Energy Services Reunited signs agreement to expand manufacturing in UAE
Integrated energy services provider in the Middle East and North Africa, National Energy Services Reunited (NASDAQ:NESR), signed a strategic implementation agreement with ADNOC to expand manufacturing footprint in the United Arab Emirates. National Energy Services Reunited intends to initially focus on the localization of a bulk cement production facility to support its ongoing operations. Shares were trading +3.20% pre-market. Source: Press ReleaseAnalysis Article • Jan 13
Is There An Opportunity With National Energy Services Reunited Corp.'s (NASDAQ:NESR) 47% Undervaluation?
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of National Energy...Analysis Article • Dec 16
Is National Energy Services Reunited (NASDAQ:NESR) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Oct 04
An Intrinsic Calculation For National Energy Services Reunited Corp. (NASDAQ:NESR) Suggests It's 44% Undervalued
Does the October share price for National Energy Services Reunited Corp. ( NASDAQ:NESR ) reflect what it's really...Analysis Article • Sep 16
National Energy Services Reunited (NASDAQ:NESR) Has A Somewhat Strained Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jul 16
National Energy Services Reunited's (NASDAQ:NESR) Promising Earnings May Rest On Soft Foundations
National Energy Services Reunited Corp.'s ( NASDAQ:NESR ) robust earnings report didn't manage to move the market for...Analysis Article • Jun 21
National Energy Services Reunited Corp.'s (NASDAQ:NESR) Intrinsic Value Is Potentially 86% Above Its Share Price
How far off is National Energy Services Reunited Corp. ( NASDAQ:NESR ) from its intrinsic value? Using the most recent...Analysis Article • Jun 07
Does National Energy Services Reunited (NASDAQ:NESR) Deserve A Spot On Your Watchlist?
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...Analysis Article • May 22
National Energy Services Reunited (NASDAQ:NESR) Has A Somewhat Strained Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Mar 05
Should You Be Adding National Energy Services Reunited (NASDAQ:NESR) To Your Watchlist Today?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...Analysis Article • Feb 16
These 4 Measures Indicate That National Energy Services Reunited (NASDAQ:NESR) Is Using Debt Extensively
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jan 26
The National Energy Services Reunited (NASDAQ:NESR) Share Price Is Up 40% And Shareholders Are Holding On
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But one can do...Analysis Article • Jan 05
An Intrinsic Calculation For National Energy Services Reunited Corp. (NASDAQ:NESR) Suggests It's 37% Undervalued
Does the January share price for National Energy Services Reunited Corp. ( NASDAQ:NESR ) reflect what it's really...Shareholder Returns
| NESR | US Energy Services | US Market | |
|---|---|---|---|
| 7D | 3.9% | -0.3% | 0.5% |
| 1Y | 334.4% | 67.0% | 23.5% |
Return vs Industry: NESR exceeded the US Energy Services industry which returned 67% over the past year.
Return vs Market: NESR exceeded the US Market which returned 23.5% over the past year.
Price Volatility
| NESR volatility | |
|---|---|
| NESR Average Weekly Movement | 7.9% |
| Energy Services Industry Average Movement | 7.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: NESR has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: NESR's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2017 | 7,352 | Sherif Foda | www.nesr.com |
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.
National Energy Services Reunited Corp. Fundamentals Summary
| NESR fundamental statistics | |
|---|---|
| Market cap | US$2.67b |
| Earnings (TTM) | US$64.57m |
| Revenue (TTM) | US$1.43b |
40.8x
P/E Ratio1.8x
P/S RatioIs NESR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NESR income statement (TTM) | |
|---|---|
| Revenue | US$1.43b |
| Cost of Revenue | US$1.25b |
| Gross Profit | US$178.01m |
| Other Expenses | US$113.44m |
| Earnings | US$64.57m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.64 |
| Gross Margin | 12.49% |
| Net Profit Margin | 4.53% |
| Debt/Equity Ratio | 29.4% |
How did NESR perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/15 23:35 |
| End of Day Share Price | 2026/06/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
National Energy Services Reunited Corp. is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| J. David Anderson | Barclays |
| Saurabh Pant | BofA Global Research |
| Gregory Lewis | BTIG |