(NESR) National Energy Reunited - Overview

Sector: Energy | Industry: Oil & Gas Equipment & Services | Exchange: NASDAQ (USA) | Market Cap: 2.563m USD | Total Return: 298.4% in 12m

Hydraulic Fracturing, Well Intervention, Drilling Services, Production Chemicals
Total Rating 63
Safety 78
Buy Signal 0.30
Oil & Gas Equipment & Services
Industry Rotation: +8.8
Market Cap: 2.56B
Avg Turnover: 39.6M
Risk 3d forecast
Volatility66.7%
VaR 5th Pctl8.80%
VaR vs Median-29.2%
Reward TTM
Sharpe Ratio2.66
Rel. Str. IBD96.9
Rel. Str. Peer Group98.7
Character TTM
Beta0.872
Beta Downside0.844
Hurst Exponent0.586
Drawdowns 3y
Max DD45.64%
CAGR/Max DD2.32
CAGR/Mean DD9.14
EPS (Earnings per Share) EPS (Earnings per Share) of NESR over the last years for every Quarter: "2021-03": 0.14, "2021-06": 0.14, "2021-09": 0.08, "2021-12": 0.08, "2022-03": 0.19, "2022-06": 0.16, "2022-09": 0.195, "2022-12": 0.24, "2023-03": -0.0672, "2023-06": 0.0205, "2023-09": 0.1551, "2023-12": 0, "2024-03": 0.1046, "2024-06": 0.2, "2024-09": 0.31, "2024-12": 0.3, "2025-03": 0.14, "2025-06": 0.21, "2025-09": 0.16, "2025-12": 0.32, "2026-03": 0.26,
EPS CAGR: 13.82%
EPS Trend: 45.7%
Last SUE: 0.78
Qual. Beats: 0
Revenue Revenue of NESR over the last years for every Quarter: 2021-03: 212.426, 2021-06: 234.927, 2021-09: 217.992, 2021-12: 211.384, 2022-03: null, 2022-06: null, 2022-09: null, 2022-12: 909.517, 2023-03: null, 2023-06: 280.311, 2023-09: 300.084, 2023-12: 307.52, 2024-03: 296.848, 2024-06: 324.969, 2024-09: 336.205, 2024-12: 343.682, 2025-03: 303.102, 2025-06: 327.368, 2025-09: 295.315, 2025-12: 398.262, 2026-03: 404.586,
Rev. CAGR: 16.80%
Rev. Trend: 86.7%
Last SUE: 0.08
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

Leader

Description: NESR National Energy Reunited

National Energy Services Reunited Corp. (NESR) is a Houston-based provider of oilfield services primarily operating within the Middle East and North Africa (MENA) regions. The company operates through two primary segments: Production Services and Drilling and Evaluation Services. Its portfolio includes hydraulic fracturing, well stimulation, directional drilling, and integrated production management.

The company maintains a focus on the MENA region, where national oil companies often prioritize long-term production stability over short-term price fluctuations. As an oilfield services provider, NESR’s business model is capital-intensive and relies on multi-year service contracts to mitigate volatility in global energy markets.

Reviewing historical performance trends on ValueRay can provide deeper insights into the companys regional market share.

NESR also provides specialized technical solutions such as water treatment for industrial use, chemical production assurance, and advanced wellhead equipment. Incorporated in 2017, the firm supports the full lifecycle of a well, from initial drilling and evaluation to long-term artificial lift and workover interventions.

Headlines to Watch Out For
  • Middle East national oil company contract awards drive long-term revenue growth
  • Saudi Aramco capital expenditure shifts impact production and drilling service demand
  • MENA region geopolitical stability influences operational continuity and investor risk premium
  • Decarbonization and water treatment service expansion diversifies non-oil revenue streams
  • High interest rates and debt servicing costs affect net profit margins
Piotroski VR‑10 (Strict) 5.0
Net Income: 64.6m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA 1.79 > 1.0
NWC/Revenue: 2.06% < 20% (prev 4.00%; Δ -1.94% < -1%)
CFO/TA 0.14 > 3% & CFO 274.5m > Net Income 64.6m
Net Debt (164.9m) to EBITDA (185.6m): 0.89 < 3
Current Ratio: 1.04 > 1.5 & < 3
Outstanding Shares: last quarter (102.9m) vs 12m ago 6.43% < -2%
Gross Margin: 12.56% > 18% (prev 0.16%; Δ 1.24k% > 0.5%)
Asset Turnover: 77.20% > 50% (prev 73.92%; Δ 3.27% > 0%)
Interest Coverage Ratio: 2.48 > 6 (EBITDA TTM 185.6m / Interest Expense TTM 30.8m)
Altman Z'' 1.51
A: 0.02 (Total Current Assets 689.6m - Total Current Liabilities 660.3m) / Total Assets 1.92b
B: 0.03 (Retained Earnings 65.0m / Total Assets 1.92b)
C: 0.04 (EBIT TTM 76.3m / Avg Total Assets 1.85b)
D: 0.98 (Book Value of Equity 906.4m / Total Liabilities 928.7m)
Altman-Z'' Score: 1.51 = BB
Beneish M -3.16
DSRI: 0.72 (Receivables 282.7m/359.7m, Revenue 1.43b/1.31b)
GMI: 1.24 (GM 12.56% / 15.53%)
AQI: 0.88 (AQ_t 0.38 / AQ_t-1 0.43)
SGI: 1.09 (Revenue 1.43b / 1.31b)
TATA: -0.11 (NI 64.6m - CFO 274.5m) / TA 1.92b)
Beneish M-Score: -3.16 (Cap -4..+1) = AA
What is the price of NESR shares? As of May 18, 2026, the stock is trading at USD 25.46 with a total of 1,683,676 shares traded.
Over the past week, the price has changed by +10.22%, over one month by +4.82%, over three months by +5.34% and over the past year by +298.44%.
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.
  • StrongBuy: 1
  • Buy: 2
  • Hold: 0
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the NESR price?
Analysts Target Price 29.7 16.7%
National Energy Reunited (NESR) - Fundamental Data Overview as of 14 May 2026
P/E Trailing = 48.9038
P/S = 1.7981
P/B = 2.4046
Revenue TTM = 1.43b USD
EBIT TTM = 76.3m USD
EBITDA TTM = 185.6m USD
Long Term Debt = 191.4m USD (from longTermDebt, last fiscal year)
Short Term Debt = 66.5m USD (from shortTermDebt, last quarter)
Debt = 257.9m USD (corrected: LT Debt 191.4m + ST Debt 66.5m)
Net Debt = 164.9m USD (recalculated: Debt 257.9m - CCE 93.0m)
Enterprise Value = 2.73b USD (2.56b + Debt 257.9m - CCE 93.0m)
Interest Coverage Ratio = 2.48 (Ebit TTM 76.3m / Interest Expense TTM 30.8m)
EV/FCF = 21.80x (Enterprise Value 2.73b / FCF TTM 125.2m)
FCF Yield = 4.59% (FCF TTM 125.2m / Enterprise Value 2.73b)
FCF Margin = 8.78% (FCF TTM 125.2m / Revenue TTM 1.43b)
Net Margin = 4.53% (Net Income TTM 64.6m / Revenue TTM 1.43b)
Gross Margin = 12.56% ((Revenue TTM 1.43b - Cost of Revenue TTM 1.25b) / Revenue TTM)
Gross Margin QoQ = 12.81% (prev 12.06%)
Tobins Q-Ratio = 1.42 (Enterprise Value 2.73b / Total Assets 1.92b)
Interest Expense / Debt = 2.54% (Interest Expense 6.54m / Debt 257.9m)
Taxrate = 15.34% (9.27m / 60.4m)
NOPAT = 64.6m (EBIT 76.3m * (1 - 15.34%))
Current Ratio = 1.04 (Total Current Assets 689.6m / Total Current Liabilities 660.3m)
Debt / Equity = 0.26 (Debt 257.9m / totalStockholderEquity, last quarter 995.2m)
Debt / EBITDA = 0.89 (Net Debt 164.9m / EBITDA 185.6m)
Debt / FCF = 1.32 (Net Debt 164.9m / FCF TTM 125.2m)
Total Stockholder Equity = 964.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.50% (Net Income 64.6m / Total Assets 1.92b)
RoE = 6.70% (Net Income TTM 64.6m / Total Stockholder Equity 964.2m)
RoCE = 6.60% (EBIT 76.3m / Capital Employed (Equity 964.2m + L.T.Debt 191.4m))
RoIC = 5.02% (NOPAT 64.6m / Invested Capital 1.29b)
WACC = 8.42% (E(2.56b)/V(2.82b) * Re(9.05%) + D(257.9m)/V(2.82b) * Rd(2.54%) * (1-Tc(0.15)))
Discount Rate = 9.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.88 | Cagr: 3.63%
[DCF] Terminal Value 76.31% ; FCFF base≈108.4m ; Y1≈104.2m ; Y5≈102.2m
[DCF] Fair Price = 15.22 (EV 1.70b - Net Debt 164.9m = Equity 1.53b / Shares 100.8m; r=8.42% [WACC]; 5y FCF grow -5.20% → 3.0% )
EPS Correlation: 45.66 | EPS CAGR: 13.82% | SUE: 0.78 | # QB: 0
Revenue Correlation: 86.71 | Revenue CAGR: 16.80% | SUE: 0.08 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.31 | Chg30d=-10.67% | Revisions=-50% | Analysts=8
EPS next Quarter (2026-09-30): EPS=0.43 | Chg30d=-2.24% | Revisions=+0% | Analysts=8
EPS current Year (2026-12-31): EPS=1.50 | Chg30d=-3.81% | Revisions=-25% | GrowthEPS=+81.2% | GrowthRev=+35.1%
EPS next Year (2027-12-31): EPS=2.34 | Chg30d=-4.28% | Revisions=+0% | GrowthEPS=+55.4% | GrowthRev=+23.8%
[Analyst] Revisions Ratio: -50%