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National Energy Services Reunited Corp Ordinary Shares (NESR)



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Upturn Advisory Summary
08/14/2025: NESR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $12
1 Year Target Price $12
1 | Strong Buy |
2 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -3.92% | Avg. Invested days 34 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 688.08M USD | Price to earnings Ratio 8.61 | 1Y Target Price 12 |
Price to earnings Ratio 8.61 | 1Y Target Price 12 | ||
Volume (30-day avg) 3 | Beta 0.39 | 52 Weeks Range 5.20 - 9.89 | Updated Date 08/15/2025 |
52 Weeks Range 5.20 - 9.89 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.8 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 5.87% | Operating Margin (TTM) 6.91% |
Management Effectiveness
Return on Assets (TTM) 4.82% | Return on Equity (TTM) 8.81% |
Valuation
Trailing PE 8.61 | Forward PE - | Enterprise Value 1000973956 | Price to Sales(TTM) 0.53 |
Enterprise Value 1000973956 | Price to Sales(TTM) 0.53 | ||
Enterprise Value to Revenue 0.77 | Enterprise Value to EBITDA 3.61 | Shares Outstanding 99866600 | Shares Floating 47810342 |
Shares Outstanding 99866600 | Shares Floating 47810342 | ||
Percent Insiders 27.88 | Percent Institutions 55.77 |
Upturn AI SWOT
National Energy Services Reunited Corp Ordinary Shares
Company Overview
History and Background
National Energy Services Reunited Corp. (NESR) was established in 2017 following the acquisition of Gulf Energy SAOC and NPS Holdings Ltd. It's focused on providing a wide range of services across the oilfield services industry, particularly in the Middle East and North Africa (MENA) region and Asia Pacific. Its evolution reflects the growing demand for efficient and integrated energy solutions in these areas.
Core Business Areas
- Drilling and Evaluation: Provides drilling services, well logging, and reservoir characterization to optimize drilling operations and assess subsurface resources.
- Well Construction: Offers cementing, completion, and workover services to ensure well integrity and maximize production.
- Production Services: Focuses on enhancing oil and gas production through stimulation, artificial lift, and flow assurance solutions.
- Integrated Solutions: Provides end-to-end project management and integrated service offerings to streamline operations and improve efficiency for clients.
Leadership and Structure
NESR is led by a team of experienced oilfield service professionals. Its organizational structure is designed to support regional operations and foster collaboration across its various service lines. The CEO of NESR is Sherif Foda.
Top Products and Market Share
Key Offerings
- Drilling Services: Provides directional drilling, drilling fluids, and drilling tools. Market share is fragmented, with key competitors being Halliburton (HAL), Schlumberger (SLB), and Baker Hughes (BKR). Revenue from drilling services comprises a significant portion of NESR's overall revenue. NESR maintains a strong presence in its operating regions.
- Well Intervention Services: Offers coiled tubing, wireline, and slickline services to optimize well production and address well integrity issues. Competitors include Weatherford International (WFRD), and Halliburton (HAL) and Schlumberger (SLB). The MENA region represents a significant market for well intervention services.
- Cementing Services: Provides solutions to ensure the structural integrity of wells and maximize the zone isolation needed. Competitors include Halliburton (HAL), Schlumberger (SLB), and Baker Hughes (BKR).
Market Dynamics
Industry Overview
The oilfield services industry is highly cyclical and influenced by oil prices, drilling activity, and geopolitical factors. Currently, the industry is experiencing increased demand driven by higher energy prices and a renewed focus on energy security.
Positioning
NESR is positioned as a regional player focused on the MENA and Asia Pacific markets. Its competitive advantages include its local expertise, strong relationships with national oil companies, and integrated service offerings.
Total Addressable Market (TAM)
The TAM for oilfield services is estimated to be in the hundreds of billions of dollars globally. NESR is well-positioned to capture a growing share of the TAM in its target markets.
Upturn SWOT Analysis
Strengths
- Strong regional presence in MENA and Asia Pacific
- Integrated service offerings
- Strong relationships with national oil companies
- Experienced management team
- Focus on operational efficiency
Weaknesses
- Geographic concentration in MENA and Asia Pacific
- Susceptibility to fluctuations in oil prices
- Competition from larger, global oilfield service companies
- High capital expenditure requirements
Opportunities
- Expansion into new geographic markets
- Increased demand for integrated solutions
- Adoption of new technologies
- Growth in unconventional oil and gas production
- Opportunities in digital oilfield solutions.
Threats
- Decline in oil prices
- Geopolitical instability in the MENA region
- Competition from established players
- Technological disruption
- Environmental regulations
Competitors and Market Share
Key Competitors
- HAL
- SLB
- BKR
- WFRD
Competitive Landscape
NESR faces competition from larger, global oilfield service companies. Its competitive advantage lies in its regional expertise, strong relationships with national oil companies, and integrated service offerings. However, it must continue to innovate and expand its service offerings to maintain its competitive position.
Major Acquisitions
Gulf Energy SAOC and NPS Holdings Ltd.
- Year: 2017
- Acquisition Price (USD millions):
- Strategic Rationale: Formed the basis of NESR's operations in the MENA and Asia Pacific regions, providing a strong foundation for growth.
Growth Trajectory and Initiatives
Historical Growth: NESR has experienced growth primarily through acquisitions and expansion of its service offerings within its target markets.
Future Projections: Future growth is expected to be driven by increased oil and gas activity in the MENA and Asia Pacific regions, as well as the company's ability to win new contracts and expand its service offerings. Analyst estimates vary depending on market conditions.
Recent Initiatives: Recent initiatives include strategic acquisitions, investments in new technologies, and expansion of its service offerings.
Summary
National Energy Services Reunited Corp. is a regional player in the oilfield services industry, primarily focused on the MENA and Asia Pacific markets. It benefits from strong relationships and integrated service offerings, but faces competition from larger global players and is vulnerable to oil price fluctuations. The company must continue to expand its service offerings and seek new market opportunities to sustain growth and maintain a competitive position. NESR's key strength lies in its geographic focus and understanding of the local market which has established it as a reliable services provider in the region.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
- Oil and Gas Journal
- Bloomberg
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market conditions and company-specific factors may change over time. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About National Energy Services Reunited Corp Ordinary Shares
Exchange NASDAQ | Headquaters Houston, TX, United States | ||
IPO Launch date 2017-05-12 | Executive Chairman & CEO Mr. Sherif Foda | ||
Sector Energy | Industry Oil & Gas Equipment & Services | Full time employees 6554 | Website https://www.nesr.com |
Full time employees 6554 | Website https://www.nesr.com |
National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. The company's Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems. This segment also provides production assurance chemicals; integrated production management projects; artificial lift services; and surface and subsurface safety systems, high-pressure packer systems, flow controls, service tools, expandable liner technology, vacuum insulated tubing technology for steam applications, and engineering capabilities with manufacturing capacity and testing facilities, as well as sources and treats water for oil and gas, municipal, and industrial use. The Drilling and Evaluation Services segment offers drilling and workover rigs; rigs and integrated services; fishing and remediation solutions; directional and turbines drilling; drilling fluid systems and related technologies; wireline logging; slickline services for removal of scale, wax and sand build-up, setting plugs, changing out gas lift valves, and fishing and other well applications; and well testing services to measure solids, gas, and oil and water produced from well, as well as drilling tools and machine shop services. This segment also provides oilfield solutions for thru-tubing intervention; tubular running services; and a range of wellhead products, flow control equipment, and frac equipment. National Energy Services Reunited Corp. was incorporated in 2017 and is headquartered in Houston, Texas.

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