National Energy Services Reunited Corp. (NESR)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
National Energy Services Reunited Corp. (NESR) trades at $27.92 with AI Score 75/100 (Grade A). National Energy Services Reunited Corp. (NESR) provides essential oilfield services across the Middle East, North Africa, and Asia Pacific. Market cap: $2.82B, Sector: Energy.
Price live · AI analysis from May 10, 2026NESR stock analysis for 2026: Analysts have set a consensus price target of $28.20 for National Energy Services Reunited Corp., suggesting 1.0% upside from the current price of $27.92. The AI MoonshotScore is 75/100, indicating a strong bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
NESR: 5/7 perspectives are bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →National Energy Services Reunited Corp. (NESR) Energy Operations & Outlook
National Energy Services Reunited Corp. (NESR) delivers oilfield services to the Middle East, North Africa, and Asia Pacific, focusing on production and drilling solutions. With a $2.82B market cap and a presence in key energy regions, NESR supports oil and gas companies through its two business segments.
What Is the Investment Thesis for NESR?
National Energy Services Reunited Corp. presents a compelling investment case based on its strategic positioning in high-growth oil and gas markets in the Middle East, North Africa, and Asia Pacific. With a market capitalization of $2.82B, NESR benefits from increasing demand for oilfield services in these regions. The company's comprehensive service portfolio, spanning both production and drilling, allows it to capture a larger share of the market. A key growth catalyst is the increasing investment in oil and gas exploration and production in the MENA region. However, investors should be aware of the risks associated with geopolitical instability and fluctuations in oil prices, which could impact NESR's profitability. The company's P/E ratio of 46.0 indicates a premium valuation, reflecting investor expectations of future growth.
Based on FMP financials and quantitative analysis
NESR Key Highlights
- Market Cap of $2.82B reflects investor confidence in NESR's market position and growth potential.
- P/E Ratio of 46.0 suggests a premium valuation, indicating high expectations for future earnings growth.
- Profit Margin of 3.9% demonstrates the company's ability to generate profit from its operations.
- Gross Margin of 12.4% highlights the efficiency of NESR's service delivery and cost management.
- Beta of 0.29 indicates lower volatility compared to the market, suggesting a more stable investment.
Who Are NESR's Competitors?
NESR is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| SLB SLB N.V. | $45.91 | +1.73% | $68.64B | 67 |
| HAL Halliburton Company | $33.17 | +0.65% | $27.71B | 72 |
| PLSDF Pulse Seismic Inc. | $2.39 | +1.27% | $121.21M | 67 |
| LB LandBridge Company LLC | $76.84 | +4.19% | $5.92B | 63 |
| SEI Solaris Energy Infrastructure, Inc. | $67.46 | +0.40% | $4.84B | 63 |
| EFXT Enerflex Ltd. | $22.63 | -1.95% | $2.76B | 62 |
| GZPZF Gaztransport & Technigaz S.A. | $237.53 | +7.62% | $8.80B | 62 |
| GZPZY Gaztransport & Technigaz S.A. | $41.00 | +0.00% | $7.60B | 62 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NESR's Key Strengths?
- Strong presence in the Middle East, North Africa, and Asia Pacific regions.
- Comprehensive service portfolio covering both production and drilling.
- Established relationships with national oil companies.
- Experienced management team with deep industry knowledge.
What Are NESR's Weaknesses?
- Relatively smaller market share compared to larger competitors.
- Dependence on oil and gas prices.
- Geographic concentration in politically sensitive regions.
- Lower gross margin compared to industry leaders.
What Could Drive NESR Stock Higher?
- Increased investment in oil and gas production in the Middle East and North Africa.
- Growing demand for oilfield services in the Asia Pacific region.
- Potential acquisitions of companies with complementary technologies or market access.
- Adoption of digital oilfield solutions to improve efficiency and service quality.
What Are the Key Risks for NESR?
- Rich valuation — a P/E of 46.0 runs well above the Energy sector’s ~17x, leaving little room for a miss.
- Fluctuations in oil and gas prices could impact demand for NESR's services.
- Geopolitical instability in key operating regions could disrupt operations.
- Competition from larger, more established oilfield service companies.
- Environmental regulations and concerns could increase operating costs.
- Global economic downturn could reduce demand for oil and gas.
What Are the Growth Opportunities for NESR?
- Expansion in the MENA Region: NESR has a significant opportunity to expand its operations in the Middle East and North Africa (MENA) region, driven by increasing investments in oil and gas production. The region's national oil companies are undertaking ambitious projects to increase production capacity, creating a strong demand for NESR's services. This expansion can be achieved through strategic partnerships and acquisitions, as well as organic growth by securing new contracts. The market size for oilfield services in the MENA region is estimated to reach $40 billion by 2028.
- Technological Innovation: Investing in and deploying advanced technologies, such as digital oilfield solutions and automation, can significantly enhance NESR's service offerings and improve operational efficiency. The adoption of technologies like AI and machine learning can optimize drilling and production processes, reduce costs, and improve safety. The market for digital oilfield solutions is projected to reach $30 billion by 2027, presenting a substantial opportunity for NESR to capture a share of this growing market.
- Water Management Solutions: With increasing concerns about water scarcity and environmental sustainability, NESR can capitalize on the growing demand for water management solutions in the oil and gas industry. The company's expertise in water sourcing, treatment, and disposal positions it well to provide integrated water management services to oil and gas operators. The market for water management in the oil and gas industry is estimated to be worth $15 billion annually.
- Diversification into Renewable Energy: As the world transitions towards cleaner energy sources, NESR can explore opportunities to diversify its service offerings into the renewable energy sector. Leveraging its existing expertise in drilling, engineering, and project management, the company can provide services to geothermal energy projects, carbon capture and storage initiatives, and other renewable energy ventures. This diversification can help NESR reduce its reliance on the oil and gas industry and capitalize on the growing demand for renewable energy solutions.
- Strategic Acquisitions: NESR can pursue strategic acquisitions to expand its service portfolio, geographic reach, and technological capabilities. Acquiring companies with complementary technologies or market access can accelerate NESR's growth and strengthen its competitive position. Potential acquisition targets could include companies specializing in advanced drilling technologies, artificial lift systems, or digital oilfield solutions. Successful acquisitions can create synergies and enhance NESR's overall value proposition.
What Opportunities Does NESR Have?
- Expansion into new geographic markets.
- Diversification into renewable energy services.
- Adoption of advanced technologies to improve efficiency and service quality.
- Strategic acquisitions to expand service portfolio and market share.
What Threats Does NESR Face?
- Fluctuations in oil and gas prices.
- Geopolitical instability in key operating regions.
- Competition from larger, more established oilfield service companies.
- Environmental regulations and concerns.
What Are NESR's Competitive Advantages?
- Strong relationships with national oil companies in key regions.
- Comprehensive service portfolio spanning both production and drilling.
- Technical expertise and experience in challenging oilfield environments.
- Strategic geographic focus on high-growth markets.
What Does NESR Do?
National Energy Services Reunited Corp., established in 2017 and headquartered in Houston, Texas, provides critical oilfield services to oil and gas companies operating primarily in the Middle East, North Africa, and the Asia Pacific regions. The company operates through two main segments: Production Services, and Drilling and Evaluation Services. The Production Services segment offers a broad range of services, including hydraulic fracturing, coiled tubing, stimulation and pumping, cementing, nitrogen, and filtration services. It also provides pipeline services, production assurance chemicals, laboratory services, artificial lift services, and surface and subsurface safety systems. This segment also focuses on water sourcing, treatment, and disposal for oil and gas, municipal, and industrial use. The Drilling and Evaluation Services segment provides drilling and workover rigs, rig services, fishing and remedial solutions, directional and turbines drilling services, drilling fluid systems, wireline logging services, slickline services, and well testing services. Additionally, it offers oilfield solutions for thru-tubing intervention, tubular running services, and a range of wellhead products, flow control equipment, and frac equipment. NESR's integrated service offerings and strategic geographic focus position it as a key player in the international oilfield services market.
What Products and Services Does NESR Offer?
- Provides hydraulic fracturing services to enhance oil and gas production.
- Offers coiled tubing services for well intervention and maintenance.
- Delivers stimulation and pumping services to improve well performance.
- Provides cementing services for well construction and integrity.
- Offers drilling and workover rigs for drilling operations.
- Provides wireline logging services for formation evaluation.
- Offers well testing services to analyze well performance.
- Provides oilfield solutions for thru-tubing intervention.
How Does NESR Make Money?
- Generates revenue by providing oilfield services to oil and gas companies.
- Operates through two segments: Production Services and Drilling and Evaluation Services.
- Secures contracts with oil and gas companies for specific projects or long-term service agreements.
What Industry Does NESR Operate In?
National Energy Services Reunited Corp. operates within the oil and gas equipment and services industry, a sector characterized by cyclical demand and sensitivity to commodity prices. The industry is currently experiencing a period of growth, driven by increased exploration and production activities, particularly in the Middle East and Asia Pacific regions. NESR competes with larger, more established players like Schlumberger and Halliburton, as well as regional service providers. The company's focus on these specific geographic markets allows it to tailor its services and build strong relationships with national oil companies.
Who Are NESR's Key Customers?
- Oil and gas exploration and production companies.
- National oil companies in the Middle East, North Africa, and Asia Pacific.
- Independent oil and gas operators.
Company Profile
National Energy Services Reunited Corp. operates in the Oil & Gas Equipment & Services industry within the Energy sector. It is headquartered in Houston, US. The company is led by CEO Sherif Foda. NESR has traded publicly since 2017.
How National Energy Services Reunited Corp. Is Valued
National Energy Services Reunited Corp. carries a market capitalization of $2.82B, placing it in the mid-cap category. Relative to its peer group, NESR's quantitative score of 75/100 is roughly in line with the peer average of 66/100.
ROE 7%Key Financial Metrics
Return on equity for National Energy Services Reunited Corp. stands at 6.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.4%, showing how much profit it generates from its asset base. NESR trades at a trailing price-to-earnings ratio of 46.02, above the Energy sector average of ~17x. Its free cash flow yield is 4.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.04 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 2.2%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 7/9Financial Health
National Energy Services Reunited Corp.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 2.83 places it in the grey zone, a middle ground that warrants monitoring.
FY2026 estForward Outlook
Wall Street analysts project National Energy Services Reunited Corp. revenue of about $1.87B for fiscal 2026, with EPS near $1.66. The estimate reflects 5 contributing analysts.
NESR Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that leadership believes in upcoming growth.
- Community sentiment has shifted positively, with discussions highlighting NESR's strategic positioning in the energy sector.
- Market developments, particularly in energy demand recovery, have led to increased optimism about NESR's service offerings.
- The company's focus on innovative technologies is resonating well with investors, enhancing its appeal in a competitive landscape.
Bear Case
- Concerns over fluctuating oil prices have raised doubts about the stability of NESR's revenue streams in the near term.
- Social sentiment reflects skepticism regarding the sustainability of recent gains, with some investors wary of potential overvaluation.
- Recent regulatory changes in the energy sector have created uncertainty, causing some market participants to reassess their positions on NESR.
- There is a growing narrative around ESG concerns that may impact traditional energy companies, including NESR, leading to bearish sentiment.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NESR Latest News
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Earnings Scheduled For May 11, 2026
benzinga · May 11, 2026
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Earnings Scheduled For November 13, 2025
benzinga · Nov 13, 2025
NESR Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NESR.
Price Targets
Consensus target: $28.20
NESR MoonshotScore
What does this score mean?
The MoonshotScore rates NESR's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest National Energy Services Reunited Corp. Analysis
Leadership: Sherif Foda
CEO
Sherif Foda is the CEO of National Energy Services Reunited Corp. (NESR). He has extensive experience in the oil and gas industry, with a proven track record of driving growth and improving operational efficiency. Prior to joining NESR, Foda held various leadership positions at Schlumberger, including President of Production Group, where he was responsible for managing a global business with over $10 billion in revenue. He holds a Bachelor of Science degree in Petroleum Engineering from Cairo University and an MBA from INSEAD.
Track Record: Under Sherif Foda's leadership, NESR has expanded its presence in key markets, strengthened its service portfolio, and improved its financial performance. He has overseen several strategic acquisitions and partnerships that have enhanced NESR's competitive position. Foda has also focused on driving innovation and deploying advanced technologies to improve service delivery and reduce costs.
Common Questions About NESR (Energy)
What does National Energy Services Reunited Corp. do?
National Energy Services Reunited Corp. (NESR) provides a comprehensive suite of oilfield services to oil and gas companies, primarily in the Middle East, North Africa, and Asia Pacific regions. The company operates through two segments: Production Services, which includes hydraulic fracturing, coiled tubing, and cementing services; and Drilling and Evaluation Services, which offers drilling rigs, wireline logging, and well testing services. NESR supports the entire lifecycle of oil and gas wells, from exploration and drilling to production and abandonment, positioning itself as a key partner for national and international oil companies operating in these regions.
What do analysts say about NESR stock?
Analyst coverage of National Energy Services Reunited Corp. (NESR) generally reflects a positive outlook, driven by the company's strategic positioning in high-growth markets and its comprehensive service portfolio. Key valuation metrics, such as the P/E ratio of 46.0, suggest that investors have high expectations for future earnings growth. Analysts often highlight NESR's strong relationships with national oil companies and its ability to capitalize on increasing investments in oil and gas production in the MENA region. However, they also caution about the risks associated with commodity price volatility and geopolitical instability, which could impact NESR's financial performance.
What are the main risks for NESR?
National Energy Services Reunited Corp. faces several key risks, including fluctuations in oil and gas prices, which can directly impact demand for its services. Geopolitical instability in the Middle East and North Africa, where NESR has a significant presence, poses a risk to its operations and supply chain. Competition from larger, more established oilfield service companies, such as Schlumberger and Halliburton, could put pressure on pricing and market share. Additionally, environmental regulations and concerns could increase operating costs and limit access to certain markets. A global economic downturn could also reduce demand for oil and gas, impacting NESR's financial performance.
What are the key factors to evaluate for NESR?
National Energy Services Reunited Corp. (NESR) holds an AI score of 75/100 (high). P/E: 46.0x vs the S&P 500's ~20-25x. Analysts target $28.20 (+1%). Not financial advice.
How frequently does NESR data refresh on this page?
NESR prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NESR's recent stock price performance?
National Energy Services Reunited Corp. (NESR) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong presence in the Middle East, North Africa, and Asia Pacific regions. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NESR overvalued or undervalued right now?
National Energy Services Reunited Corp. (NESR) trades at 46.0x earnings. Analysts target $28.20 (+1%) — near fair value. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying NESR?
Before investing in National Energy Services Reunited Corp. (NESR), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available company data and market analysis as of 2026-05-10.
- Financial metrics are based on the most recent available data.
- Future performance is subject to market conditions and company-specific factors.