National Energy Services Reunited Corp.
In the published model solve dated 2026-Q2, anchored at $25.08, National Energy Services Reunited Corp. (NESR) is priced for +22.1% growth. 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: 2026-11-09 (items 2.02, 7.01, 8.01, 9.01); 2026-11-04 (items 1.01, 1.02, 2.03, 9.01); 2026-08-10 (items 2.02, 7.01, 9.01); 2026-08-10 (items 4.01, 9.01); 2026-07-21 (items 5.02).
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.