NESR Stock Analysis: National Energy Reunited | NASDAQ
Oil & Gas Equipment & Services | NASDAQ, USA | Market Cap: 1.889m USD | 12M Return: 85.8% | VGG6375R1073 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 67.9M
EPS Trend: 80.9%
Qual. Beats: 2
Rev. Trend: 90.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 9.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
National Energy Services Reunited Corp. (NESR) is a Houston-headquartered oilfield services provider founded in 2017, operating primarily in the Middle East and North Africa (MENA) region. The company is organized into two main segments: Production Services and Drilling and Evaluation Services.
The Production Services segment delivers hydraulic fracturing, coiled tubing, stimulation and pumping, cementing, nitrogen, filtration, and pipeline/industrial services, along with production assurance chemicals, artificial lift, safety systems, and water sourcing and treatment for oil and gas, municipal, and industrial use.
The Drilling and Evaluation Services segment supplies drilling and workover rigs, directional and turbine drilling, drilling fluids, wireline and slickline logging, well testing, thru-tubing intervention, tubular running services, and wellhead and flow control equipment.
As an oilfield services company operating in MENA, NESR benefits from proximity to some of the worlds largest oil and gas reserves, particularly in countries such as Saudi Arabia, the UAE, Iraq, and Egypt. The company offers an integrated model that combines equipment manufacturing with field service execution, a structure common among regional oilfield contractors seeking to localize services for national oil companies.
- Middle East rig activity drives revenue growth
- Saudi Aramco capex spending boosts service demand
- Competition with SLB and Halliburton pressures market share
| Net Income: 93.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 0.68 > 1.0 |
| NWC/Revenue: 0.85% < 20% (prev 4.72%; Δ -3.87% < -1%) |
| CFO/TA 0.17 > 3% & CFO 350.0m > Net Income 93.4m |
| Net Debt (148.5m) to EBITDA (286.0m): 0.52 < 3 |
| Current Ratio: 1.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (103.2m) vs 12m ago 5.71% < -2% |
| Gross Margin: 12.50% > 18% (prev 14.08%; Δ -1.58% > 0.5%) |
| Asset Turnover: 82.51% > 50% (prev 71.72%; Δ 10.79% > 0%) |
| Interest Coverage Ratio: 5.00 > 6 (EBIT TTM 146.3m / Interest Expense TTM 29.2m) |
| A: 0.01 (Total Current Assets 815.4m - Total Current Liabilities 801.7m) / Total Assets 2.10b |
| B: 0.06 (Retained Earnings 132.8m / Total Assets 2.10b) |
| C: 0.07 (EBIT TTM 146.3m / Avg Total Assets 1.96b) |
| D: 0.99 (Book Value of Equity 1.04b / Total Liabilities 1.06b) |
| Altman-Z'' = 1.79 = BBB |
| DSRI: 0.97 (Receivables 437.4m/366.8m, Revenue 1.62b/1.31b) |
| GMI: 1.13 (GM 14.08% / 12.50%) |
| AQI: 0.83 (AQ_t 0.35 / AQ_t-1 0.42) |
| SGI: 1.24 (Revenue 1.62b / 1.31b) |
| TATA: -0.12 (NI 93.4m - CFO 350.0m) / TA 2.10b) |
| Beneish M = -2.88 (Cap -4..+1) = A |
As of October 22, 2026, the stock is trading at USD 21.09 with a total of 6,174,748 shares traded. Over the past week, the price has changed by +0.29%, over one month by -34.91%, over three months by -22.55% and over the past year by +85.81%.
Current recommended Stop Loss: 19.40 (which is 8% or 1.2 ATR below the current price).
National Energy Reunited has received a consensus analysts rating of 4.56. Therefore, it is recommended to buy NESR.
- StrongBuy: 5
- Buy: 4
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 41.1 | 94.9% |
P/E Trailing = 20.3587
P/S = 1.1668
P/B = 3.1764
Revenue TTM = 1.62b USD
EBIT TTM = 146.3m USD
EBITDA TTM = 286.0m USD
Long Term Debt = 159.7m USD (from longTermDebt, last quarter)
Short Term Debt = 116.3m USD (from shortTermDebt, last quarter)
Debt = 323.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 24.4m
Net Debt = 148.5m USD (calculated: Debt 323.5m - CCE 175.0m)
Enterprise Value = 2.04b USD (1.89b + Debt 323.5m - CCE 175.0m)
Interest Coverage Ratio = 5.00 (Ebit TTM 146.3m / Interest Expense TTM 29.2m)
EV/FCF = 13.03x (Enterprise Value 2.04b / FCF TTM 156.3m)
FCF Yield = 7.67% (FCF TTM 156.3m / Enterprise Value 2.04b)
FCF Margin = 9.66% (FCF TTM 156.3m / Revenue TTM 1.62b)
Net Margin = 5.77% (Net Income TTM 93.4m / Revenue TTM 1.62b)
Gross Margin = 12.50% ((Revenue TTM 1.62b - Cost of Revenue TTM 1.42b) / Revenue TTM)
Gross Margin QoQ = 15.61% (prev 11.65%)
Tobins Q-Ratio = 0.97 (Enterprise Value 2.04b / Total Assets 2.10b)
Interest Expense / Debt = 9.04% (Interest Expense 29.2m / Debt 323.5m)
Taxrate = 20.23% (23.7m / 117.1m)
NOPAT = 116.7m (EBIT 146.3m * (1 - 20.23%))
Current Ratio = 1.02 (Total Current Assets 815.4m / Total Current Liabilities 801.7m)
Debt / Equity = 0.31 (Debt 323.5m / totalStockholderEquity, last quarter 1.04b)
Debt / EBITDA = 0.52 (Net Debt 148.5m / EBITDA 286.0m)
Debt / FCF = 0.95 (Net Debt 148.5m / FCF TTM 156.3m)
Total Stockholder Equity = 990.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.76% (Net Income 93.4m / Total Assets 2.10b)
RoE = 9.43% (Net Income TTM 93.4m / Total Stockholder Equity 990.5m)
RoCE = 12.72% (EBIT 146.3m / Capital Employed (Equity 990.5m + L.T.Debt 159.7m))
RoIC = 8.77% (NOPAT 116.7m / Invested Capital 1.33b)
WACC = 10.57% (E(1.89b)/V(2.21b) * Re(11.14%) + D(323.5m)/V(2.21b) * Rd(9.04%) * (1-Tc(0.20)))
Discount Rate = 11.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.55 | Cagr: 3.55%
[DCF] Terminal Value 71.15% ; FCFF base≈143.3m ; Y1≈164.3m ; Y5≈241.8m
[DCF] Fair Price = 24.44 (EV 2.61b - Net Debt 148.5m = Equity 2.46b / Shares 100.9m; r=10.57% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 80.95 | EPS CAGR: 87.03% | SUE: 1.88 | # QB: 2
Revenue Correlation: 90.89 | Revenue CAGR: 12.75% | SUE: 0.22 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.38 | Chg30d=-27.37% | Revisions=-57% | Analysts=9
EPS current Year (2026-12-31): EPS=1.66 | Chg30d=-11.73% | Revisions=-57% | GrowthEPS=+99.9% | GrowthRev=+50.2%
EPS next Year (2027-12-31): EPS=2.55 | Chg30d=-7.59% | Revisions=-57% | GrowthEPS=+53.9% | GrowthRev=+25.2%
[Analyst] Revisions Ratio: -80% (up=0, down=12)