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Stock impact report

Analyst Assumes Coverage of National Energy Services Reunited (NESR) with ‘Buy' Rating [Yahoo! Finance]

National Energy Services Reunited Corp. - Ordinary Shares (NESR) 
Last national energy services reunited corp. - ordinary shares earnings: 2/26 05:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
National Energy Services Reunited Corp. (NASDAQ:NESR) provides oilfield services in the Middle East and North Africa region. On January 21, UBS analyst Josh Silverstein initiated coverage of National Energy Services Reunited Corp. (NASDAQ:NESR) with a ‘Buy' rating and a price target of $25, indicating an upside of over 22% from the current levels. The analyst praised the company's ‘stable growth' across the Middle East and North Africa region and sees it benefiting from the recovery in Saudi activity. UBS also highlighted the recent 5-year, multi-billion-dollar Jafurah contract that NESR secured from Saudi Aramco. The analyst expects these developments to drive the company's sales and EBITDA growth above market estimates. Moreover, earlier on January 12, Maxim raised its price target on National Energy Services Reunited Corp. (NASDAQ:NESR) from $20 to $30, while maintaining a ‘Buy' rating on the shares. The analyst expressed confidence in NESR's position as the leading hydraulic Show less Read more
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