National Energy Services Reunited NESR
- Market cap
- $3.3B
- P/E
- 34.2×
Follow NESR
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | — | — | — | 7.68 | 5.20 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| — | — | — | — | — | — | — | — | 9.89 | 15.83 |
High Price
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| — | — | 3,590 | 4,536 | 5,581 | — | 5,968 | 6,231 | 6,554 | 7,352 |
Employees
|
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
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| 224 | 271 | 486 | 658 | 834 | 877 | 910 | 1,146 | 1,302 | 1,324 |
Revenue
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| 29.78% | 26.23% | 27.23% | 23.02% | 18.63% | 0.32% | 7.20% | 12.97% | 16.03% | 12.44% |
Gross Margin
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| 11 | 33 | 53 | 52 | 61 | (61) | (30) | 30 | 95 | 60 |
EBT
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| 4.91% | 12.14% | 11.01% | 7.96% | 7.29% | (6.91%) | (3.28%) | 2.60% | 7.34% | 4.56% |
EBT Margin
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| 8 | 28 | 42 | 39 | 50 | (65) | (36) | 13 | 76 | 51 |
Net Income
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| 52 | 38 | 60 | 88 | 121 | 122 | 116 | 142 | 143 | 142 |
Depreciation
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| 0.66 | 0.79 | 5.68 | 7.57 | 9.39 | 9.63 | 9.78 | 12.09 | 13.63 | 13.45 |
Revenue/Sh
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| 0.02 | 0.08 | 0.60 | 0.45 | 0.56 | (0.72) | (0.39) | 0.13 | 0.80 | 0.52 |
Earnings/Sh
|
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| 0.23 | 0.24 | 0.72 | 1.02 | 1.52 | 1.40 | 1.00 | 1.87 | 2.40 | 2.68 |
Cash Flow/Sh
|
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| (0.18) | (0.14) | (0.32) | (1.22) | (1.04) | (1.15) | (1.31) | (0.70) | (1.07) | (1.41) |
Capex/Sh
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| 0.05 | 0.10 | 0.40 | (0.20) | 0.48 | 0.26 | (0.31) | 1.17 | 1.33 | 1.28 |
Free CF/Sh
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| 0.00 | 1.14 | 9.71 | 10.19 | 10.63 | 9.02 | 8.63 | 8.67 | 9.51 | 9.83 |
Book Value/Sh
|
|||
| 341 | 342 | 86 | 87 | 89 | 91 | 93 | 95 | 95 | 98 |
Shares
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| 18.92 | 18.92 | 18.92 | 18.92 | 18.92 | 18.92 | 18.92 | 18.92 | 11.20 | 29.55 |
PE Ratio
|
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| 0.71 | 0.71 | 0.71 | 0.71 | 0.71 | 0.71 | 0.71 | 0.71 | 0.66 | 1.16 |
PS Ratio
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| 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 0.94 | 1.59 |
PB Ratio
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| 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.87 | 1.30 |
EV/Sales
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| 8.78 | 8.78 | 8.78 | 8.78 | 8.78 | 8.78 | 8.78 | 8.78 | 8.88 | 13.74 |
EV/FCF
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| 79 | 83 | 62 | 89 | 135 | 128 | 93 | 177 | 229 | 264 |
Op' Cash Flow
|
|||
| (61) | (48) | (28) | (106) | (93) | (104) | (122) | (66) | (102) | (139) |
Capex
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| 18 | 35 | 34 | (17) | 43 | 23 | (29) | 111 | 127 | 126 |
FCF
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| — | 99 | 77 | 175 | 156 | 195 | (6) | 8 | 37 | 25 |
Working Cap'
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| — | 156 | 302 | 384 | 398 | 596 | 535 | 452 | 383 | 310 |
Total Debt
|
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| — | 128 | 277 | 310 | 323 | 390 | 456 | 384 | 275 | 185 |
Net Debt
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| 0 | 389 | 831 | 886 | 944 | 821 | 802 | 821 | 908 | 968 |
Sh' Equity
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| 0.00% | 9.89% | 4.36% | 2.75% | 3.12% | (3.67%) | (1.99%) | 0.69% | 4.27% | 2.82% |
ROA
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| 0.00% | 4.86% | 3.73% | 3.75% | 3.33% | (2.24%) | (0.05%) | 4.18% | 7.27% | 5.33% |
ROIC
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| 0.00% | 0.00% | 7.01% | 4.58% | 5.47% | (7.31%) | (4.49%) | 1.55% | 8.82% | 5.45% |
ROE
|
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National Energy Services Reunited peers in Oil & Gas Equipment & Services
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|---|---|---|---|
| LBRT Liberty Energy Inc. | $3.0B | 25.3× | Compare |
| USAC USA Compression Partners, LP | $3.7B | 23.9× | Compare |
| WBI WaterBridge Infrastructure LLC | $3.7B | 373× | Compare |
| EFXT Enerflex Ltd. | $2.8B | 54.8× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| WTTR Select Water Solutions, Inc. | $2.7B | 73.7× | Compare |
| TDW Tidewater Inc. | $4.3B | 17.0× | Compare |
| OII Oceaneering International, Inc. | $4.7B | 13.3× | Compare |
| WHD Cactus, Inc. | $5.2B | 54.0× | Compare |
National Energy Services Reunited (NESR) key facts
- National Energy Services Reunited (NESR) is an Oil & Gas Equipment & Services company in the Energy sector, listed on Nasdaq.
- National Energy Services Reunited’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 1.72% from fiscal 2024.
- As of September 25, 2026, NESR traded at $32.13, a market capitalization of $3.3 billion.
- Return on equity was 5.45% and debt-to-equity 0.26.
National Energy Services Reunited (NESR) Latest News
24 Sep
Forum Energy Technologies (FET) is delivering standout year-to-date gains, up about 123.8% and leading the Oils-Energy sector, which has risen about 31.4%. National Energy Services Reunited (NESR) has also outperformed, with a 109.5% YTD rise. Both stocks carry top Zacks ranks (#1 Strong Buy) as analysts push more optimistic earnings outlooks: FET's full-year earnings estimate has jumped 85.6% over the past 90 days, while NESR's current-year EPS estimate has increased 8.3% in three months. These stocks sit in the Oil and Gas - Mechanical and Equipment industry, a 12-company group that has gained roughly 37.7% this year, helping NESR and FET outperform peers. The sector sits at #4 in the Zacks Sector Rank, and expectations of continued solid performance are noted for investors watching Oils-Energy names. YTD outperformance vs. sector and rising EPS estimates imply a moderate near-term boost in investor sentiment for NESR.
22 Sep
NESR aims to hit a $3 billion revenue run rate within three years via its 3B3 strategy, leveraging scale in the MENA region to win larger contracts while expanding its technology portfolio. Its frontier programs—ROYA (advanced drilling) and NEDA (decarbonization and water/mineral recovery)—are moving toward commercialization to broaden service offerings beyond conventional oilfield work. Management views MENA as an attractive, though volatile, market and expects its growing contract funnel and tech push to drive growth. The company competes with FET and NOV; its stock has outpaced peers recently, with a higher EV/EBITDA and a Buy Zacks rating. Commercializing ROYA and NEDA while scaling in MENA could materially accelerate NESR's growth and competitive position.
18 Sep
NESR posted strong earnings beat and secured mega contract in Kuwait. Earnings beat and Kuwait mega contract represent major strategic wins likely to boost NESR trajectory.
National Energy Services Reunited (NESR) upgraded to Strong Buy rating. Analyst upgrade to Strong Buy can moderately lift near-term stock sentiment and trading activity without altering core operations.
17 Sep
NESR pursues larger Middle East contracts with potential to accelerate 3B3. Targeting bigger regional contracts signals major expansion that could reshape NESR trajectory.
16 Sep
NESR Q2 earnings are reviewed alongside other oilfield services stocks, highlighting company performance in the sector. Q2 earnings provide moderate insight into NESR financial results and market positioning.
3 Sep
National Energy Services Reunited launches ambitious 3B3 Growth Plan that could alter its bull case and future outlook. NESR's ambitious 3B3 Growth Plan marks a major strategic move likely to significantly shift its trajectory.
NESR's 3B3 Strategy offers a clear path to long-term expansion. NESR's 3B3 Strategy represents a major strategic move that could significantly alter the company's trajectory and investor sentiment.
20 Aug
National Energy Services Reunited (NESR) replaced its independent auditor. Auditor change may signal accounting issues that affect short-term investor sentiment and financial reporting credibility.
17 Aug
NESR addressed top 5 analyst questions during its Q2 earnings call. Q2 earnings call analyst questions can moderately shape investor views on NESR operations and outlook.
13 Aug
NESR reports accelerated Q2 growth driven by Jafurah project ramp-up and stronger regional execution. Jafurah ramp and regional execution gains point to major strategic progress that can lift NESR trajectory and investor views.
12 Aug
NESR shares rose 25.2% after the company beat earnings estimates and secured new contracts in Kuwait. Earnings beat and new Kuwait contracts directly strengthen NESR revenue outlook and market position.
10 Aug
NESR delivered record Q2 2026 results per its earnings call highlights. Record quarterly performance signals major gains in operations and market position.
National Energy Services Reunited reported strong Q2 CY2026 sales, driving a sharp rise in its stock price. Strong quarterly sales directly improve NESR revenue outlook and lift share price.
National Energy Services Reunited Corp. reported its second quarter 2026 financial results. Quarterly earnings releases typically drive notable shifts in investor sentiment and stock valuation.
NESR reported Q2 financial results and operational updates during its earnings call, covering revenue, profitability metrics, regional performance in the Middle East and North Africa, and management outlook on contract backlog and energy services demand. Q2 earnings call delivers financial metrics and forward guidance that can shift near-term investor sentiment and valuation.
9 Aug
National Energy Services Reunited secures contracts in Kuwait, raising questions on whether its stock price already reflects the positive development. Kuwait contract wins offer revenue growth potential for NESR but face questions over existing stock valuation limits.
5 Aug
NESR has secured $300 million in multiple services and technology contracts in Kuwait. Securing $300 million in contracts marks a major revenue increase and bolsters NESR positioning in Kuwait.
17 Jul
NESR shows sustained positive momentum expected to continue supporting future performance and market position. Ongoing momentum signals can lift investor sentiment and near-term stock trajectory for NESR.
8 Jul
NESR posts strong Q1 results keeping valuation focus while building hopes around Jafurah project progress. Q1 strength and Jafurah prospects create moderate effects on NESR financial outlook and sentiment.
22 Jun
NESR reports Q1 earnings, prompting buy, sell or hold analysis on the stock. Q1 earnings and related investment advice may moderately influence NESR stock trajectory.
12 Jun
Middle East tensions spotlight valuation gaps and risks for National Energy Services Reunited (NESR). Middle East tensions increase NESR operational risks and affect its market valuation.
23 May
National Energy Services Reunited launches capital returns after posting a record quarter. Record quarter enables capital returns that strengthen investor sentiment and support share performance.
20 May
NESR's Q1 earnings call drew analyst questions on operational performance, revenue trends, regional expansion plans, cost management and competitive positioning in energy services markets. Q1 earnings discussion highlights moderate short-term effects on investor views of NESR's financial trajectory and strategy execution.
18 May
National Energy Services Reunited Corp posted record revenue in Q1 2026 earnings call. Record revenue directly strengthens financial results and investor outlook for NESR.
14 May
National Energy Services Reunited (NESR) share price rallied powerfully recently, prompting valuation assessment amid questions on sustainability and future prospects. NESR's powerful share price rally influences market sentiment and valuation perceptions moderately without fundamentally altering long-term trajectory.
11 May
National Energy Services Reunited (NESR) reported strong Q1 2026 earnings and introduced a new capital return plan, positioning it as a potential game changer for the company's future. Strong Q1 2026 earnings and new capital return plan signal profound, transformative potential for NESR's competitive position and long-term prospects.
National Energy Services Reunited Corp. released Q1 2026 earnings call summary highlighting financial results, operational updates, and future outlook for the energy services provider. Quarterly earnings summaries reveal financial health and guidance that significantly shape investor expectations and market trajectory.
National Energy Services Reunited (NESR) released Q1 earnings call highlights covering financial results, operational updates, and future outlook. Q1 earnings call highlights detail financial performance and strategic direction with potential to significantly sway NESR's trajectory and market sentiment.
National Energy Services Reunited (NESR) beat Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates signals strong financial performance, likely enhancing investor confidence and stock trajectory.