Symbols / NESR Stock $24.74 -0.80% National Energy Services Reunited Corp.

Energy • Oil & Gas Equipment & Services • United States • NCM
NESR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Energy
Industry Oil & Gas Equipment & Services
CEO Mr. Sherif Foda
Exch · Country NCM · United States
Market Cap 2.49B
Enterprise Value 2.70B
Income 51.13M
Sales 1.32B
FCF (ttm) 91.10M
Book/sh 9.60
Cash/sh 1.24
Employees 7,352
Insider 10d —
IPO Jul 09, 2024
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 47.58
Forward P/E 10.34
PEG —
P/S 1.88
P/B 2.58
P/C —
EV/EBITDA 11.27
EV/Sales 2.04
Quick Ratio 0.79
Current Ratio 1.04
Debt/Eq 34.68
LT Debt/Eq —
EPS (ttm) 0.52
EPS next Y 2.39
EPS Growth -72.30%
Revenue Growth 15.90%
EPS Gr Q/Q -70.90%
Rev Gr Q/Q —
Earnings (next) 2026-05-06
Earnings (prior) 2026-02-17
ROA 3.39%
ROE 5.45%
ROIC —
Gross Margin 12.44%
Oper. Margin 7.70%
Profit Margin 3.86%
Shs Outstand 100.80M
Shs Float 60.57M
Insider Own 28.83%
Instit Own 58.84%
Short Float 4.28%
Short Ratio 1.77
Short Interest 3.89M
52W High 26.85
vs 52W High -7.86%
52W Low 5.47
vs 52W Low 352.29%
Beta 0.29
Impl. Vol. 77.30%
Rel Volume 0.57
Avg Volume 2.12M
Volume 1.21M
Target (mean) $29.57
Tgt Median $30.00
Tgt Low $27.00
Tgt High $33.00
# Analysts 7
Recom None
Prev Close $24.94
Price $24.74
Change -0.80%
About

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. The Drilling and Evaluation Services segment offers drilling and workover rigs; rigs and integrated services; fishing and remediation solutions; directional and turbines drilling; drilling fluid systems and related technologies; wireline logging; slickline services, descaling, wax and sand cleanout, plug setting, gas lift valve changeout, fishing and other complex well applications; and well testing services to measure solids, gas, and oil and water produced from well, as well as drilling tools and machine shop services. This segment also provides oilfield solutions for thru-tubing intervention; tubular running services; and a range of wellhead products, flow control equipment, and frac equipment. National Energy Services Reunited Corp. was incorporated in 2017 and is headquartered in Houston, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$29.57
Mean price target
2. Current target
$24.74
Latest analyst target
3. DCF / Fair value
$16.27
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$24.74
Low
$27.00
High
$33.00
Mean
$29.57

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-09 main Barclays Overweight → Overweight $33
2026-02-19 main UBS Buy → Buy $31
2026-02-18 main Barclays Overweight → Overweight $34
2026-02-17 main BTIG Buy → Buy $28
2026-01-21 init UBS — → Buy $25
2025-11-18 main Piper Sandler Overweight → Overweight $19
2025-11-14 main Barclays Overweight → Overweight $25
2025-11-13 main BTIG Buy → Buy $16
2025-10-16 main Piper Sandler Overweight → Overweight $15
2025-10-10 main JP Morgan Overweight → Overweight $19
2025-09-09 init Maxim Group — → Buy $16
2025-08-21 main Piper Sandler Overweight → Overweight $13
2025-07-15 init Piper Sandler — → Overweight $11
2025-03-13 main Barclays Overweight → Overweight $17
2025-01-21 init Benchmark — → Buy $15
2022-04-25 down National Bank Of Canada Outperform → Sector Perform $11
2020-01-13 init Barclays — → Overweight $13
2019-02-20 init JP Morgan — → Overweight —
2018-10-23 init BTIG — → Buy $18
News
RSS: Latest NESR news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,324.05
+1.72%
1,301.70
+13.60%
1,145.91
+25.99%
909.52
Operating Revenue
1,324.05
+1.72%
1,301.70
+13.60%
1,145.91
+25.99%
909.52
Cost Of Revenue
1,159.32
+6.06%
1,093.03
+9.60%
997.26
+18.15%
844.04
Reconciled Cost Of Revenue
1,036.36
+6.95%
969.02
+10.90%
873.81
+16.97%
747.06
Gross Profit
164.73
-21.06%
208.67
+40.38%
148.65
+127.02%
65.48
Operating Expense
66.41
-6.42%
70.97
+4.45%
67.95
+2.34%
66.39
Selling General And Administration
47.64
-8.73%
52.20
+6.15%
49.17
+3.46%
47.53
Total Expenses
1,225.73
+5.30%
1,164.00
+9.27%
1,065.21
+17.00%
910.43
Operating Income
98.32
-28.60%
137.70
+70.63%
80.70
+8900.76%
-0.92
Total Operating Income As Reported
98.32
-28.60%
137.70
+70.63%
80.70
+8900.76%
-0.92
EBITDA
234.64
-15.65%
278.16
+27.66%
217.90
+81.33%
120.17
Normalized EBITDA
234.64
-15.65%
278.16
+27.66%
217.90
+81.33%
120.17
Reconciled Depreciation
141.73
-0.74%
142.78
+0.39%
142.23
+22.78%
115.84
EBIT
92.91
-31.37%
135.38
+78.90%
75.67
+1649.64%
4.33
Net Income
51.13
-32.99%
76.31
+506.60%
12.58
+134.54%
-36.42
Pretax Income
60.40
-36.75%
95.50
+219.97%
29.85
+200.15%
-29.80
Net Non Operating Interest Income Expense
-32.51
+18.47%
-39.88
+12.97%
-45.83
-34.28%
-34.13
Interest Expense Non Operating
32.51
-18.47%
39.88
-12.97%
45.83
+34.28%
34.13
Net Interest Income
-32.51
+18.47%
-39.88
+12.97%
-45.83
-34.28%
-34.13
Interest Expense
32.51
-18.47%
39.88
-12.97%
45.83
+34.28%
34.13
Other Income Expense
-5.41
-132.65%
-2.33
+53.79%
-5.03
-195.97%
5.24
Other Non Operating Income Expenses
-5.41
-132.65%
-2.33
+53.79%
-5.03
-195.97%
5.24
Tax Provision
9.27
-51.71%
19.19
+11.13%
17.27
+160.86%
6.62
Tax Rate For Calcs
0.00
-23.88%
0.00
-4.29%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
51.13
-32.99%
76.31
+506.60%
12.58
+134.54%
-36.42
Net Income From Continuing Operation Net Minority Interest
51.13
-32.99%
76.31
+506.60%
12.58
+134.54%
-36.42
Net Income From Continuing And Discontinued Operation
51.13
-32.99%
76.31
+506.60%
12.58
+134.54%
-36.42
Net Income Continuous Operations
51.13
-32.99%
76.31
+506.60%
12.58
+134.54%
-36.42
Minority Interests
—
—
—
0.00
Normalized Income
51.13
-32.99%
76.31
+506.60%
12.58
+134.54%
-36.42
Net Income Common Stockholders
51.13
-32.99%
76.31
+506.60%
12.58
+134.54%
-36.42
Otherunder Preferred Stock Dividend
—
—
—
0.00
Diluted EPS
0.52
-35.00%
0.80
+515.38%
0.13
+133.33%
-0.39
Basic EPS
0.52
-35.00%
0.80
+515.38%
0.13
+133.33%
-0.39
Basic Average Shares
98.44
+3.11%
95.47
+0.76%
94.75
+1.92%
92.96
Diluted Average Shares
99.11
+3.52%
95.74
+1.04%
94.75
+1.92%
92.96
Diluted NI Availto Com Stockholders
51.13
-32.99%
76.31
+506.60%
12.58
+134.54%
-36.42
Amortization
18.77
+0.00%
18.77
+0.00%
18.77
-0.48%
18.86
Amortization Of Intangibles Income Statement
18.77
+0.00%
18.77
+0.00%
18.77
-0.48%
18.86
Depreciation Amortization Depletion Income Statement
18.77
+0.00%
18.77
+0.00%
18.77
-0.48%
18.86
Depreciation And Amortization In Income Statement
18.77
+0.00%
18.77
+0.00%
18.77
-0.48%
18.86
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,851.52
+4.39%
1,773.68
-1.34%
1,797.74
-1.67%
1,828.33
Current Assets
630.37
+16.62%
540.52
-0.22%
541.72
+0.73%
537.81
Cash Cash Equivalents And Short Term Investments
124.80
+15.60%
107.96
+59.18%
67.82
-13.99%
78.85
Cash And Cash Equivalents
124.80
+15.60%
107.96
+59.18%
67.82
-13.99%
78.85
Receivables
386.84
+21.44%
318.55
-10.39%
355.46
+7.25%
331.43
Accounts Receivable
178.02
+29.69%
137.26
-19.85%
171.27
+15.17%
148.71
Gross Accounts Receivable
191.79
+25.79%
152.47
-15.76%
180.99
+12.16%
161.37
Allowance For Doubtful Accounts Receivable
-13.77
+9.43%
-15.21
-56.44%
-9.72
+23.25%
-12.66
Other Receivables
175.70
+16.97%
150.21
+10.63%
135.78
-8.54%
148.46
Taxes Receivable
33.12
+6.61%
31.07
-35.83%
48.42
+41.30%
34.27
Inventory
94.83
-2.00%
96.77
-1.69%
98.43
-10.94%
110.52
Raw Materials
59.47
-6.85%
63.84
-4.16%
66.61
+4.08%
64.01
Prepaid Assets
13.24
+30.47%
10.15
+9.83%
9.24
+2641.25%
0.34
Other Current Assets
10.66
+50.30%
7.09
-34.06%
10.76
-35.46%
16.67
Total Non Current Assets
1,221.14
-0.97%
1,233.16
-1.82%
1,256.03
-2.67%
1,290.51
Net PPE
485.75
+4.65%
464.19
-2.13%
474.29
-3.41%
491.03
Gross PPE
1,007.83
+11.05%
907.55
+91.35%
474.29
-41.76%
814.36
Accumulated Depreciation
-522.07
-17.75%
-443.37
-5.36%
-420.81
-30.15%
-323.32
Properties
818.15
+9.39%
747.90
-0.21%
749.49
+10.66%
677.26
Land And Improvements
11.66
+0.00%
11.66
+0.00%
11.66
+0.00%
11.66
Buildings And Improvements
56.94
+2.99%
55.28
-3.02%
57.00
+8.70%
52.44
Machinery Furniture Equipment
24.15
-8.43%
26.37
-15.50%
31.21
-1.53%
31.69
Construction In Progress
76.63
+90.19%
40.29
+185.52%
14.11
+24.61%
11.32
Other Properties
20.30
-22.05%
26.04
-94.51%
474.29
+1482.56%
29.97
Goodwill And Other Intangible Assets
692.18
-2.62%
710.79
-2.55%
729.40
-2.49%
748.01
Goodwill
645.10
+0.00%
645.10
+0.00%
645.10
+0.00%
645.10
Other Intangible Assets
47.09
-28.33%
65.70
-22.07%
84.30
-18.08%
102.91
Other Non Current Assets
43.21
-25.73%
58.18
+11.18%
52.33
+1.67%
51.47
Total Liabilities Net Minority Interest
883.60
+2.10%
865.45
-11.35%
976.25
-4.85%
1,025.98
Current Liabilities
604.92
+20.14%
503.51
-5.61%
533.45
-1.95%
544.07
Payables And Accrued Expenses
458.51
+34.65%
340.52
-9.03%
374.33
+1.61%
368.40
Payables
458.51
+34.65%
340.52
-9.03%
374.33
+1.61%
368.40
Accounts Payable
421.06
+37.91%
305.31
-13.08%
351.24
-0.65%
353.54
Employee Benefits
36.32
+14.20%
31.81
+9.92%
28.93
+18.67%
24.38
Total Tax Payable
37.44
+6.34%
35.21
+52.46%
23.09
+55.35%
14.87
Income Tax Payable
25.09
+224.69%
7.73
-8.23%
8.42
+15.96%
7.26
Current Debt And Capital Lease Obligation
121.70
-9.12%
133.90
+4.58%
128.04
-14.36%
149.50
Current Debt
118.75
-7.56%
128.46
+6.48%
120.63
-15.78%
143.24
Other Current Borrowings
64.50
-6.16%
68.73
-4.19%
71.74
+34.47%
53.35
Current Capital Lease Obligation
2.95
-45.90%
5.45
-26.42%
7.41
+18.25%
6.26
Other Current Liabilities
24.71
-15.04%
29.09
-6.38%
31.07
+18.75%
26.17
Total Non Current Liabilities Net Minority Interest
278.68
-23.00%
361.93
-18.26%
442.80
-8.12%
481.91
Long Term Debt And Capital Lease Obligation
209.82
-23.76%
275.23
-22.84%
356.71
-14.44%
416.91
Long Term Debt
191.38
-24.77%
254.39
-23.28%
331.56
-15.39%
391.86
Long Term Capital Lease Obligation
18.45
-11.50%
20.84
-17.11%
25.14
+0.38%
25.05
Non Current Deferred Liabilities
1.69
-69.98%
5.63
0.00
0.00
Non Current Deferred Taxes Liabilities
1.69
-69.98%
5.63
0.00
0.00
Other Non Current Liabilities
30.85
-37.39%
49.27
-13.80%
57.15
+40.72%
40.62
Stockholders Equity
967.92
+6.57%
908.23
+10.56%
821.49
+2.39%
802.35
Common Stock Equity
967.92
+6.57%
908.23
+10.56%
821.49
+2.39%
802.35
Capital Stock
902.85
+0.96%
894.29
+1.18%
883.87
+0.75%
877.30
Common Stock
902.85
+0.96%
894.29
+1.18%
883.87
+0.75%
877.30
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
100.79
+4.94%
96.05
+1.10%
95.00
+1.05%
94.01
Ordinary Shares Number
100.79
+4.94%
96.05
+1.10%
95.00
+1.05%
94.01
Retained Earnings
65.00
+368.65%
13.87
+122.21%
-62.44
+16.77%
-75.02
Gains Losses Not Affecting Retained Earnings
0.07
+0.00%
0.07
+0.00%
0.07
+0.00%
0.07
Minority Interest
—
—
—
0.00
Other Equity Adjustments
0.07
+0.00%
0.07
+0.00%
0.07
+0.00%
0.07
Total Equity Gross Minority Interest
967.92
+6.57%
908.23
+10.56%
821.49
+2.39%
802.35
Total Capitalization
1,159.29
-0.29%
1,162.62
+0.83%
1,153.06
-3.45%
1,194.21
Working Capital
25.45
-31.21%
37.00
+347.56%
8.27
+232.20%
-6.25
Invested Capital
1,278.04
-1.01%
1,291.07
+1.36%
1,273.69
-4.77%
1,337.45
Total Debt
331.52
-18.97%
409.13
-15.60%
484.75
-14.42%
566.41
Net Debt
185.33
-32.58%
274.89
-28.49%
384.38
-15.75%
456.25
Capital Lease Obligations
21.39
-18.63%
26.29
-19.23%
32.55
+3.95%
31.31
Net Tangible Assets
275.74
+39.65%
197.44
+114.39%
92.09
+69.48%
54.34
Tangible Book Value
275.74
+39.65%
197.44
+114.39%
92.09
+69.48%
54.34
Line Of Credit
54.25
-9.16%
59.72
+22.15%
48.89
-45.61%
89.89
Other Inventories
35.37
+7.39%
32.93
+3.49%
31.82
-31.59%
46.52
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
264.24
+15.22%
229.33
+29.59%
176.96
+91.15%
92.58
Cash Flow From Continuing Operating Activities
264.24
+15.22%
229.33
+29.59%
176.96
+91.15%
92.58
Net Income From Continuing Operations
51.13
-32.99%
76.31
+506.60%
12.58
+134.54%
-36.42
Depreciation Amortization Depletion
141.73
-0.74%
142.78
+0.39%
142.23
+22.78%
115.84
Depreciation And Amortization
141.73
-0.74%
142.78
+0.39%
142.23
+22.78%
115.84
Other Non Cash Items
5.28
+264.21%
1.45
-44.64%
2.62
-45.30%
4.79
Stock Based Compensation
8.32
+37.95%
6.03
-10.81%
6.76
-27.04%
9.27
Provisionand Write Offof Assets
8.73
-1.32%
8.84
+2057.07%
0.41
-94.99%
8.19
Asset Impairment Charge
9.57
+79.71%
5.32
-32.75%
7.92
0.00
Deferred Tax
-5.20
-91.17%
-2.72
+27.55%
-3.75
+63.42%
-10.26
Deferred Income Tax
-5.20
-91.17%
-2.72
+27.55%
-3.75
+63.42%
-10.26
Operating Gains Losses
-3.57
-864.03%
0.47
-4.11%
0.49
+911.67%
-0.06
Change In Working Capital
48.25
+626.57%
-9.16
-218.91%
7.71
+526.50%
1.23
Change In Receivables
-58.93
-725.49%
9.42
+207.29%
-8.78
+71.63%
-30.96
Changes In Account Receivables
-49.48
-296.68%
25.16
+209.53%
-22.97
+21.47%
-29.25
Change In Inventory
0.42
+167.14%
-0.63
-105.30%
11.95
+171.32%
-16.76
Change In Prepaid Assets
-3.09
-240.04%
-0.91
+89.79%
-8.90
-244.40%
6.16
Change In Payables And Accrued Expense
116.16
+401.58%
-38.52
-1044.64%
-3.37
-110.00%
33.65
Change In Other Current Assets
-5.29
-134.42%
15.36
+211.78%
4.92
+716.40%
-0.80
Change In Other Current Liabilities
-1.02
-116.75%
6.12
-48.48%
11.88
+19.67%
9.93
Investing Cash Flow
-152.24
-36.99%
-111.13
-33.15%
-83.46
+43.11%
-146.71
Cash Flow From Continuing Investing Activities
-152.24
-36.99%
-111.13
-33.15%
-83.46
+43.11%
-146.71
Capital Expenditure
-143.45
-36.49%
-105.11
-54.14%
-68.19
+44.30%
-122.42
Capital Expenditure Reported
-143.45
-36.49%
-105.11
-54.14%
-68.19
+44.30%
-122.42
Net Investment Purchase And Sale
0.00
0.00
+100.00%
-16.03
+7.69%
-17.37
Purchase Of Investment
—
0.00
+100.00%
-16.03
+7.69%
-17.37
Net Business Purchase And Sale
—
—
0.00
0.00
Purchase Of Business
—
—
0.00
0.00
Net Other Investing Changes
-8.78
-45.70%
-6.03
-895.38%
0.76
+110.94%
-6.93
Financing Cash Flow
-87.26
-11.79%
-78.06
+25.32%
-104.53
-43.59%
-72.80
Cash Flow From Continuing Financing Activities
-87.26
-11.79%
-78.06
+25.32%
-104.53
-43.59%
-72.80
Net Issuance Payments Of Debt
-78.26
-5.59%
-74.12
+16.50%
-88.76
-52.11%
-58.35
Issuance Of Debt
98.58
+12.66%
87.50
-17.30%
105.81
-25.84%
142.68
Repayment Of Debt
-176.84
-9.42%
-161.61
+16.94%
-194.57
+3.21%
-201.03
Long Term Debt Issuance
0.00
-100.00%
4.06
-64.04%
11.30
+253.79%
3.19
Long Term Debt Payments
-72.64
+18.38%
-89.00
-55.69%
-57.17
+30.17%
-81.86
Net Long Term Debt Issuance
-72.64
+14.48%
-84.94
-85.18%
-45.87
+41.70%
-78.67
Short Term Debt Issuance
98.58
+18.15%
83.43
-11.72%
94.51
-32.25%
139.48
Short Term Debt Payments
-104.20
-43.49%
-72.61
+47.15%
-137.40
-15.30%
-119.17
Net Short Term Debt Issuance
-5.62
-151.93%
10.82
+125.22%
-42.90
-311.13%
20.32
Net Other Financing Charges
-9.01
-128.32%
-3.94
+74.98%
-15.77
-9.16%
-14.44
Changes In Cash
24.74
-38.36%
40.13
+463.81%
-11.03
+91.31%
-126.93
Effect Of Exchange Rate Changes
0.00
0.00
0.00
-100.00%
0.01
Beginning Cash Position
107.96
+59.18%
67.82
-13.99%
78.85
-61.68%
205.77
End Cash Position
132.70
+22.92%
107.96
+59.18%
67.82
-13.99%
78.85
Free Cash Flow
120.79
-2.77%
124.22
+14.21%
108.77
+464.52%
-29.84
Interest Paid Supplemental Data
28.48
-25.65%
38.31
+12.95%
33.91
+76.30%
19.24
Income Tax Paid Supplemental Data
—
12.94
-14.97%
15.22
+38.51%
10.99
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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