National Energy Services Reunited Corp.
In the published model solve dated 2026-Q2, anchored at $28.15, National Energy Services Reunited Corp. (NESR) is priced for today's economics sustained for ~7.8 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
National Energy Services Reunited is a Middle East and North Africa oilfield-services company, split between Production Services at about 62% and Drilling and Evaluation Services at 38%. The balance sheet has improved to the point that management is initiating both a dividend and a buyback: net debt is about $196 million against trailing operating income of $113 million, roughly 1.7x, with interest coverage near 3.7x. At $24.51 (June 27, 2026) the price pays about 26x company-wide operating inc
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182 institutional managers reported holding NESR in 13F filings for the quarter ended 2026-03-31. Together they hold about 59% of the company; the top 10 hold 29%. 55 opened new positions that quarter. Held by FMR (Fidelity), BlackRock, Dimensional Fund Advisors, among others. On the short side, 5.4M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (3.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NESR's share count grew 10.6% over the past five years. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at NESR over the trailing three years. Absence is a fact about the company, not a signal. 5 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
NESR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2026-03-07 | +18.5% | +10.7% |
| 2026-05-12 | +16.3% | pending |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
NESR's latest 8-K filings: 2026-08-10 (items 2.02, 7.01, 9.01); 2026-08-10 (items 4.01, 9.01); 2026-07-21 (items 5.02); 2026-05-14 (items 7.01); 2026-05-11 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.