Overview Dividends

(NESR) National Energy Reunited - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: VGG6375R1073

Drilling, Evaluation, Production, Stimulation, Chemicals, Equipment

Oil & Gas Equipment & Services
Market Cap in USD: 1,578m

IPO / Inception: 2017-05-12
Return 12m vs S&P 500: 68.0%

EPS (Earnings per Share)

EPS CAGR: 20.30%
EPS Trend: 27.6%

Last SUE: -0.48
Qual. Beats: 0

Revenue

Rev. CAGR: 9.76%
Rev. Trend: 86.7%

Last SUE: 0.01
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	88.2%
Value at Risk 5%th	92.2%
Relative Tail Risk	-36.46%

Reward TTM
Sharpe Ratio	1.47
Alpha	66.98
CAGR/Max DD	0.49

Character TTM
Hurst Exponent	0.412
Beta	1.186
Beta Downside	1.661

Drawdowns 3y
Max DD	65.31%
Mean DD	21.10%
Median DD	14.26%

Description: NESR National Energy Reunited December 01, 2025

National Energy Services Reunited Corp. (NASDAQ: NESR) is a U.S.–based oilfield-services provider focused on the Middle East and North Africa. It operates two main divisions: Production Services, which delivers hydraulic fracturing, coiled-tubing, cementing, nitrogen, filtration, and pipeline-industrial solutions; and Drilling & Evaluation Services, which supplies drilling rigs, workover rigs, directional drilling, wireline/slickline logging, well-testing, and thru-tubing interventions.

Key operational metrics that investors watch include the company’s 2023 revenue of roughly $1.2 billion, a backlog of about $1.8 billion (≈ 150 % of annual revenue), and an average rig utilization rate of 78 % across its Middle-East fleet. The business is highly sensitive to oil-price movements; a $10 per-barrel swing in Brent typically translates to a 4–5 % change in NESR’s quarterly earnings, reflecting the sector’s capital-expenditure elasticity.

Given the ongoing OPEC-plus production cuts and the region’s push to increase downstream capacity, NESR stands to benefit from higher drilling activity and demand for water-treatment services, but it also faces geopolitical risk that could disrupt contract execution. For a deeper dive into NESR’s valuation metrics, you might explore the analysis on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (70.2m TTM) > 0 and > 6% of Revenue (6% = 76.2m TTM)

FCFTA 0.03 (>2.0%) and ΔFCFTA -5.05pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 4.20% (prev 4.26%; Δ -0.06pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 171.9m > Net Income 70.2m (YES >=105%, WARN >=100%)

Net Debt (286.8m) to EBITDA (256.5m) ratio: 1.12 <= 3.0 (WARN <= 3.5)

Current Ratio 1.10 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (100.7m) change vs 12m ago 5.30% (target <= -2.0% for YES)

Gross Margin 13.85% (prev 15.32%; Δ -1.47pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 70.29% (prev 70.20%; Δ 0.10pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.17 (EBITDA TTM 256.5m / Interest Expense TTM 34.9m) >= 6 (WARN >= 3)

Altman Z'' 1.89

(A) 0.03 = (Total Current Assets 595.9m - Total Current Liabilities 542.5m) / Total Assets 1.81b

(B) 0.03 = Retained Earnings (Balance) 57.2m / Total Assets 1.81b

(D) 1.12 = Book Value of Equity 956.7m / Total Liabilities 852.5m

Total Rating: 1.89 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 67.35

1. Piotroski 3.50pt

2. FCF Yield 2.48%

3. FCF Margin 3.64%

4. Debt/Equity 0.37

5. Debt/Ebitda 1.12

6. ROIC - WACC (= 3.33)%

7. RoE 7.54%

8. Rev. Trend 86.72%

9. EPS Trend 27.62%

What is the price of NESR shares?

As of January 07, 2026, the stock is trading at USD 16.59 with a total of 814,335 shares traded.
Over the past week, the price has changed by +6.14%, over one month by +15.13%, over three months by +60.91% and over the past year by +97.50%.

Is NESR a buy, sell or hold?

National Energy Reunited has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy NESR.

Strong Buy: 1
Buy: 2
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the NESR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	19.8	19.3%
Analysts Target Price	19.8	19.3%
ValueRay Target Price	19.5	17.4%

NESR Fundamental Data Overview January 03, 2026

Market Cap USD = 1.58b (1.58b USD * 1.0 USD.USD)
P/E Trailing = 21.75
P/S = 1.2432
P/B = 1.6497
Beta = 0.273
Revenue TTM = 1.27b USD
EBIT TTM = 110.5m USD
EBITDA TTM = 256.5m USD
Long Term Debt = 207.2m USD (from longTermDebt, last quarter)
Short Term Debt = 129.5m USD (from shortTermDebt, last quarter)
Debt = 356.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 286.8m USD (from netDebt column, last quarter)
Enterprise Value = 1.86b USD (1.58b + Debt 356.4m - CCE 69.7m)
Interest Coverage Ratio = 3.17 (Ebit TTM 110.5m / Interest Expense TTM 34.9m)
FCF Yield = 2.48% (FCF TTM 46.2m / Enterprise Value 1.86b)
FCF Margin = 3.64% (FCF TTM 46.2m / Revenue TTM 1.27b)
Net Margin = 5.53% (Net Income TTM 70.2m / Revenue TTM 1.27b)
Gross Margin = 13.85% ((Revenue TTM 1.27b - Cost of Revenue TTM 1.09b) / Revenue TTM)
Gross Margin QoQ = 11.97% (prev 13.41%)
Tobins Q-Ratio = 1.03 (Enterprise Value 1.86b / Total Assets 1.81b)
Interest Expense / Debt = 2.28% (Interest Expense 8.13m / Debt 356.4m)
Taxrate = -44.95% (negative due to tax credits) (-5.50m / 12.2m)
NOPAT = 160.1m (EBIT 110.5m * (1 - -44.95%)) [negative tax rate / tax credits]
Current Ratio = 1.10 (Total Current Assets 595.9m / Total Current Liabilities 542.5m)
Debt / Equity = 0.37 (Debt 356.4m / totalStockholderEquity, last quarter 956.7m)
Debt / EBITDA = 1.12 (Net Debt 286.8m / EBITDA 256.5m)
Debt / FCF = 6.20 (Net Debt 286.8m / FCF TTM 46.2m)
Total Stockholder Equity = 930.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.88% (Net Income 70.2m / Total Assets 1.81b)
RoE = 7.54% (Net Income TTM 70.2m / Total Stockholder Equity 930.6m)
RoCE = 9.71% (EBIT 110.5m / Capital Employed (Equity 930.6m + L.T.Debt 207.2m))
RoIC = 12.41% (NOPAT 160.1m / Invested Capital 1.29b)
WACC = 9.08% (E(1.58b)/V(1.93b) * Re(10.39%) + D(356.4m)/V(1.93b) * Rd(2.28%) * (1-Tc(-0.45)))
Discount Rate = 10.39% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.97%
[DCF Debug] Terminal Value 61.75% ; FCFE base≈82.6m ; Y1≈56.5m ; Y5≈28.1m
Fair Price DCF = 3.83 (DCF Value 386.4m / Shares Outstanding 100.8m; 5y FCF grow -36.96% → 3.0% )
EPS Correlation: 27.62 | EPS CAGR: 20.30% | SUE: -0.48 | # QB: 0
Revenue Correlation: 86.72 | Revenue CAGR: 9.76% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.25 | Chg30d=+0.025 | Revisions Net=+2 | Analysts=4
EPS next Year (2026-12-31): EPS=1.48 | Chg30d=+0.254 | Revisions Net=+2 | Growth EPS=+92.3% | Growth Revenue=+32.9%

Additional Sources for NESR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle