National Energy Services Reunited (NESR)
Provides production, drilling, and well-evaluation services across the MENA energy market.
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Provides upstream and midstream oilfield services across MENA through Production Services and Drilling and Evaluation Services, earning revenue from work that completes, produces, constructs, and evaluates wells. National oil companies dominate the customer base, with one customer generating roughly half of annual revenue.
Provides upstream and midstream oilfield services across the Middle East and North Africa, with smaller operations in Asia. Production Services covers hydraulic fracturing, cementing, coiled tubing, completions, artificial lift, and production assurance. Drilling and Evaluation Services spans rigs, directional drilling, fluids, downhole tools, well testing, wireline, and slickline.
Uses locally based teams, country support bases, and a broad service portfolio to tailor and deliver work near customers. Revenue is concentrated in MENA and among national oil companies; one customer accounts for roughly half. Demand follows customer capital spending and oil and gas activity, while operations depend on country permits and rules covering safety, environmental protection, hazardous materials, and equipment mobilization.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | UBS | Reiterate | Rating: —Target: $45 | Target: $47 |
| Aug 11, 2026 | UBS | Reiterate | Rating: —Target: $36 | Target: $45 |
| Aug 11, 2026 | Barclays | Reiterate | Rating: —Target: $35 | Target: $45 |
| Aug 10, 2026 | BTIG | Reiterate | Rating: —Target: — | Target: $40 |
| Jul 14, 2026 | Piper Sandler | Reiterate | Rating: —Target: $33 | Target: $35 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $175.0M · Total debt $299.1M · Total assets $2.10B · Shareholders' equity $1.04B
- Revenue
- $520.8M
- Operating income
- $64.8M
- Net income
- $44.0M
No dividends on record.
| Institutions | ≈ 68.65% | 69.24M shares | |
|---|---|---|---|
| 233 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 4.61% | 4.65M shares | |
| 8 holders · as of Sep 11, 2026 | |||
| Strategic holders | 23.95% | 24.15M shares | |
| 2 holders · as of May 6, 2026 | |||
| Other | ≈ 2.79% | 2.81M shares | |
| remainder | |||
100.85M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Olayan Financing CoStrategic10 percent owner | 17.18% | 17.33M | filed May 6, 2026 |
FMR LLCInstitution | 10.83% | 10.92M | as of Jun 30, 2026 |
SV3 Holdings Pte. Ltd.Strategic | 6.77% | 6.83M | filed Oct 4, 2019 |
BlackRock, Inc.Institution | 4.81% | 4.85M | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 3.91% | 3.94M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 9, 2026 | Mejia Antonio J. Campo | director | −63,324 | $35.45 |
| Aug 31, 2026 | Sherif Foda | director, officer: Chief Executive Officer | −100,000 | $35.00 |
| Aug 18, 2026 | Stefan Angeli | officer: Chief Financial Officer | −13,570 | $35.12 |
| Jun 25, 2026 | Yousif Mohammed Ali Nasser Al-Nowais | director | −1,919,594 | $26.80 |
| Jun 13, 2026 | Yousif Mohammed Ali Nasser Al-Nowais | director | −332,857 | $26.90 |
- SLB
Global oilfield-services major across MENA wells and production
- Halliburton
Direct global rival in completions, stimulation, and drilling
- Baker Hughes
OFSE peer in well construction, completions, lift, and chemicals
- Weatherford International
Mid-tier global peer across well construction and intervention
- Nabors Industries
Drilling-rig contractor with major Saudi and international exposure
- Expro Group
Well-flow and intervention specialist with MENA production overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| National Energy Services Reunited | $33.24 | +2.59% | $3.27B | 35.4 | 13.9 | 2.0 | +59.1% |
| SLB | $52.27 | +0.98% | $76.82B | 25.2 | 18.4 | 2.1 | +5.0% |
| Halliburton | $32.89 | −1.51% | $27.89B | 17.5 | 13.0 | 1.2 | +3.7% |
| Baker Hughes | $56.90 | −1.61% | $57.41B | 18.6 | 21.2 | 2.1 | −2.4% |
| Weatherford International | $84.69 | +3.02% | $5.89B | 16.2 | 13.9 | 1.2 | −8.2% |
| Nabors Industries | $83.23 | −0.83% | $1.24B | 6.2 | 40.2 | 0.4 | −2.2% |
| Expro Group | $16.57 | +0.94% | $1.84B | 90.7 | 17.5 | 1.2 | −7.0% |
| Median | 18.0 | 18.0 | 1.2 | −2.3% |