Do Analysts Agree Tuesday on National Energy Services Reunited Corp (NESR) Stock's Target Price?

Tuesday, June 07, 2022 12:09 PM | InvestorsObserver Analysts

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Do Analysts Agree Tuesday on National Energy Services Reunited Corp (NESR) Stock's Target Price?

Analysts who follow National Energy Services Reunited Corp (NESR) on average expect it to increase 61.29% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns National Energy Services Reunited Corp an Analyst Ranking of 5, which means it ranks higher than 5 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating NESR a Hold today. Find out what this means to you and get the rest of the rankings on NESR!

See Full NESR Report

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With National Energy Services Reunited Corp Stock Today?

National Energy Services Reunited Corp (NESR) stock is up 4.36% while the S&P 500 is lower by -0.13% as of 12:08 PM on Tuesday, Jun 7. NESR is higher by $0.35 from the previous closing price of $8.02 on volume of 88,692 shares. Over the past year the S&P 500 is down -2.61% while NESR is lower by -42.12%. NESR earned $0.41 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.4. Click Here to get the full Stock Report for National Energy Services Reunited Corp stock.