NESR Stock Overview
National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$9.73|
|52 Week High||US$15.95|
|52 Week Low||US$8.56|
|1 Month Change||10.57%|
|3 Month Change||-23.39%|
|1 Year Change||-4.04%|
|3 Year Change||22.39%|
|5 Year Change||n/a|
|Change since IPO||2.31%|
Recent News & Updates
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...
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...
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...
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...
|NESR||US Energy Services||US Market|
Return vs Industry: NESR underperformed the US Energy Services industry which returned 27.2% over the past year.
Return vs Market: NESR underperformed the US Market which returned 10.2% over the past year.
|NESR Average Weekly Movement||6.4%|
|Energy Services Industry Average Movement||7.5%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: NESR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: NESR's weekly volatility (6%) has been stable over the past year.
About the Company
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.
National Energy Services Reunited Fundamentals Summary
|NESR fundamental statistics|
Is NESR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NESR income statement (TTM)|
|Cost of Revenue||US$732.49m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.41|
|Net Profit Margin||4.23%|
How did NESR perform over the long term?See historical performance and comparison
Is National Energy Services Reunited undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NESR ($9.73) is trading below our estimate of fair value ($18.86)
Significantly Below Fair Value: NESR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NESR is good value based on its PE Ratio (23.9x) compared to the US Energy Services industry average (35.9x).
PE vs Market: NESR is poor value based on its PE Ratio (23.9x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: NESR is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: NESR is good value based on its PB Ratio (0.9x) compared to the US Energy Services industry average (1.2x).
How is National Energy Services Reunited forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NESR's forecast earnings growth (55.4% per year) is above the savings rate (2%).
Earnings vs Market: NESR's earnings (55.4% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NESR's revenue (18.3% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: NESR's revenue (18.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NESR's Return on Equity is forecast to be low in 3 years time (8%).
How has National Energy Services Reunited performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NESR has a large one-off gain of $8.4M impacting its September 30 2021 financial results.
Growing Profit Margin: NESR's current net profit margins (4.2%) are lower than last year (4.7%).
Past Earnings Growth Analysis
Earnings Trend: NESR's earnings have grown significantly by 25% per year over the past 5 years.
Accelerating Growth: NESR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NESR had negative earnings growth (-1.8%) over the past year, making it difficult to compare to the Energy Services industry average (-2.7%).
Return on Equity
High ROE: NESR's Return on Equity (3.8%) is considered low.
How is National Energy Services Reunited's financial position?
Financial Position Analysis
Short Term Liabilities: NESR's short term assets ($533.5M) exceed its short term liabilities ($368.9M).
Long Term Liabilities: NESR's short term assets ($533.5M) exceed its long term liabilities ($408.6M).
Debt to Equity History and Analysis
Debt Level: NESR's net debt to equity ratio (33%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NESR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NESR's debt is well covered by operating cash flow (38%).
Interest Coverage: NESR's interest payments on its debt are well covered by EBIT (3.8x coverage).
What is National Energy Services Reunited current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NESR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NESR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NESR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NESR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NESR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sherif Foda (52 yo)
Mr. Sherif Foda has been the Chairman and Chief Executive Officer of National Energy Services Reunited Corp. since January 23, 2017 and serves as its Executive Chairman. Mr. Foda was Chairman of National E...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Sherif's total compensation is reasonable compared to companies of similar size in the US market.
Compensation vs Earnings: Insufficient data to compare Sherif's compensation with company performance.
Experienced Management: NESR's management team is considered experienced (3 years average tenure).
Experienced Board: NESR's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.1%.
National Energy Services Reunited Corp.'s employee growth, exchange listings and data sources
- Name: National Energy Services Reunited Corp.
- Ticker: NESR
- Exchange: NasdaqCM
- Founded: 2017
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Implied Market Cap: US$888.945m
- Shares outstanding: 91.36m
- Website: https://www.nesr.com
Number of Employees
- National Energy Services Reunited Corp.
- 777 Post Oak Boulevard
- 7th Floor
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 23:51|
|End of Day Share Price||2022/01/19 00:00|
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 here.