National Energy Services Reunited (NESR) Is Up 8.6% After Q2 Beat and $200M Jordan Contract Win Has The Bull Case Changed?

• Earlier in October 2025, National Energy Services Reunited reported second-quarter earnings that surpassed analyst forecasts and announced a new US$200 million integrated drilling services contract in Jordan with Kuwait Drilling Company.
• This combination of strong financial results and a major contract win led multiple analysts to issue more positive outlooks for the company's future growth prospects, especially in the Middle East and North Africa region.
• We'll explore how the recent US$200 million contract in Jordan with Kuwait Drilling Company could shape the company's investment narrative.

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National Energy Services Reunited Investment Narrative Recap

To be a shareholder in National Energy Services Reunited, you need to believe in the long-term demand for energy services across the Middle East and North Africa and NESR’s ability to win and execute large multi-year contracts. The recent US$200 million Jordan contract boosts near-term backlog and supports visibility into 2026, but concentrated exposure to national oil companies remains the biggest risk, as any delays or renegotiations could impact revenue stability. One of the most relevant recent announcements is NESR’s addition to major indices like the S&P Global BMI and multiple Russell benchmarks. These inclusions may support trading liquidity and investor interest, bolstering NESR’s position as it pursues further contract wins and executes on its current backlog, which remain key catalysts for its growth trajectory. Yet even as contract wins lift near-term confidence, investors should be aware of the concentration risk that comes with...

Read the full narrative on National Energy Services Reunited (it's free!)

National Energy Services Reunited is forecast to reach $1.5 billion in revenue and $168.6 million in earnings by 2028. This projection assumes a 4.0% annual revenue growth rate and an earnings increase of $95.6 million from the current $73.0 million.

Uncover how National Energy Services Reunited's forecasts yield a $15.00 fair value, a 32% upside to its current price.

Exploring Other Perspectives

Seven fair value estimates from the Simply Wall St Community range widely from US$3.87 up to US$49.48 per share. With NESR’s future growth still depending on timely new contract awards and successful project execution, it is important to consider these different viewpoints when assessing potential opportunities and risks.

Explore 7 other fair value estimates on National Energy Services Reunited - why the stock might be worth over 4x more than the current price!

Build Your Own National Energy Services Reunited Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your National Energy Services Reunited research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free National Energy Services Reunited research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate National Energy Services Reunited's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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