NATIONAL ENERGY SERVICES REUNITED (NESR)
Energy · oilfield services · NASDAQ
NESR is a leading MENA-focused oilfield services provider offering specialized drilling and production enhancement solutions.
What NATIONAL ENERGY SERVICES REUNITED does
National Energy Services Reunited Corp. (NESR) is an oilfield services company that provides drilling, production, and well services to the energy industry. The company operates primarily in the Middle East and North Africa (MENA) region, offering a range of services designed to enhance oil and gas field performance.
Themes: oil and gas services, MENA energy infrastructure
Fundamentals
- Price$23.24 as of 2026-10-08 close
- Market cap$2.3B as of 2026-06-30 (share count; price 2026-10-08)
- 1-year return+127.4% 2025-10-08 close $10.22 → 2026-10-08 close $23.24
- P/E36.35 as of 2026-10-08
- Net margin+3.9% FY2025, SEC XBRL
- Gross margin+12.4% FY2025, SEC XBRL
- ROE+5.3% FY2025, SEC XBRL
- Debt / equity0.29 as of 2026-09-03
- Revenue growth (YoY)+9.0% as of 2026-09-03
- Revenue CAGR (3y)+13.3% SEC XBRL
- Beta1.25 as of 2026-09-03
- Last reported earnings2026-08-10 SEC EDGAR Form 8-K (Item 2.02)
How NESR compares in its sector
- price-to-earnings ratiotop 25% 108 covered Energy peers, as of 2026-10-08
- net profit marginmiddle range 135 covered Energy peers, as of 2026-09-03
- operating marginmiddle range 122 covered Energy peers, as of 2026-09-03
- gross marginmiddle range 26 covered Energy peers, as of 2026-09-03
- return on equitymiddle range 143 covered Energy peers, as of 2026-09-03
- 3-year revenue CAGRmiddle range 137 covered Energy peers
- free cash flow (absolute dollars, latest fiscal year)middle range 94 covered Energy peers, as of FY2025
Position among covered Energy companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
NESR is not currently in any published Top 10 list. Its scores are below.
Top 10 score
45.2 #987 of 1,379 scored · #66 of 78 in Energy
Growth 61st (3-year revenue CAGR 13.3%, revenue growth year over year 9%) and financial health 58th (debt to equity 0.3, free cash flow margin 9.1%); weakest is capital return (18th, consecutive years of dividend increases 0 years, net share count bought back over the year -3.5).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
How NATIONAL ENERGY SERVICES REUNITED looks technically
NATIONAL ENERGY SERVICES REUNITED (NESR) is trading 7.1% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 264 trading days ago — a "golden cross", a bullish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 37, with sellers in control. Momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 21, in oversold territory (below 30). It just made a new 20-day low, its first since 2026-05-08, breaking below its recent trading range. It is 37.1% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 7.1% below its 200-day average, the long-term trend line — a long-term downtrend | -7.1% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $31.53 | $31.53 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $25.01 | $25.01 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 16 calendar days ago — the swings before that are what the structure reading is measured on | 16 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 33.63. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 264 trading days ago — a "golden cross", a bullish long-term signal | 264 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 37, with sellers in control | 36.5 |
Momentum
3
| 14-day RSI | momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 21, in oversold territory (below 30) | 20.6 |
|---|---|---|
| Position in its 14-day range | it is trading right at the bottom of its 14-day range ($23.03 to $33.63) — its "stochastic" reading is 2 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 2.0 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 33 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $36.94 | $36.94 |
|---|---|---|
| From the 52-week high | it is 37.1% below its 52-week high (its highest price of the past year) | -37.1% |
| Above the 52-week low | it is 133.6% above its 52-week low (its lowest price of the past year) | +133.6% |
| Below the 52-week high | it is 37.1% below its highest point of the past year | 37.1% |
| Since a 20-day breakout | it just made a new 20-day low, its first since 2026-05-08, breaking below its recent trading range | 1 session |
| Since a 55-day breakout | it just made a new 55-day low, its first since 2026-05-08, breaking below its recent trading range | 1 session |
| All-time high | its highest closing price on record is $36.94 (set on 2026-08-17) | $36.94 |
| Given back of the 52-week move | over the past year its closes ranged ($10.04 to $36.31), and it has given back around half of its rise from last year’s low — 50% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $19.23 to $20.07. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 49.7% |
| From the all-time high | it is 37.1% below its all-time high | -37.1% |
| Nearest price level | it is trading 1.4% above a support level at $22.92 — a price it turned at twice since 2026-03-25, most recently on 2026-05-08. Since 2024-10-08 it has 6 such levels below the current price and 5 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -1.4% |
| All-time low | its lowest closing price on record is $2.44 (set on 2023-04-27) | $2.44 |
| Above the all-time low | it is 852.5% above its all-time low | +852.5% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 97% of the past ~6 months) | 97th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.49 between its high and its low — about 6.4% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.49 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $21.48 and $37.02 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $21.48 – $29.25 – $37.02 |
| Typical daily range (% of price) | its price moves about 6.4% in a typical session — more volatile than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 6.4% |
| Stretch from the 200-day average | it is trading 1.2 daily ranges below its 200-day average price (7.1% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.2 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.25× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 2.7% since the prior reading | -2.7% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating has improved toward "buy" since the prior reading | 0.13 toward buy |
Candlestick patterns
2
| Since a doji | 4 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 4 sessions ago |
|---|---|---|
| Since a bullish engulfing | 2 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 2 sessions ago |
Price gaps
3
| Gap at the open | it opened on 2026-10-08 0.5% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.5% |
|---|---|---|
| Open gap | it gapped 4.0% below the previous close 7 sessions ago and has not traded back through the level it left behind at 29.81 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -4.0% |
| Gap filled | a 2.5% gap up opened on 2026-09-17 has been "filled" 8 sessions ago — price traded back through the level the gap left behind, and it took 7 sessions to close | 8 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -5.18% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 33.0 percentage points (the stock lost 32.0% while the market gained 1.0%) | -33.0% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 18.4 percentage points (the stock lost 14.6% while the market gained 3.8%) | -18.4% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 7.8 percentage points (the stock gained 9.7% while the market gained 17.5%) | -7.8% |
| vs market, 12 months | over the past 12 months this stock beat the market by 112.4 percentage points (the stock gained 127.4% while the market gained 15.0%) | +112.4% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, its RSI momentum gauge is oversold (a beaten-down reading), near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 23% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 8.4% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | -23.2% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 10% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $25.95 — a volume-weighted average of daily closes over 189 sessions, not a true tick-by-tick VWAP. | -10.4% |
|---|---|---|
| Vs the average paid since it last reported | the price is 26% below the average price paid since it last reported on 2026-08-10 (its 10-Q), so the typical buyer over that stretch is under water. That average is $31.39 — a volume-weighted average of daily closes over 43 sessions, not a true tick-by-tick VWAP. | -25.9% |
Price levels it has turned at before
NESR last closed at $23.24 on 2026-10-08. Since 2024-10-08 it has turned at 6 prices below its last close and 5 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $22.92 | Support | 1.4% below the last close | turned there twice · 2026-03-25 to 2026-05-08 |
| $23.58 | Resistance | 1.5% above the last close | turned there twice · 2026-06-05 to 2026-06-18 |
| $25.47 | Resistance | 9.6% above the last close | turned there twice · 2026-04-17 to 2026-04-29 |
| $26.41 | Resistance | 13.6% above the last close | turned there twice · 2026-06-12 to 2026-07-08 |
| $9.94 | Support | 57.2% below the last close | turned there four times · 2024-10-22 to 2025-10-09 |
| $8.50 | Support | 63.4% below the last close | turned there three times · 2024-10-17 to 2025-03-12 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $33.63.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $25.99 and $28.91 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $33.63.
This reading has stood for 8 trading days, since 2026-09-29.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Oversold (14-day RSI below 30) · Pulled back from the 12-month high · Broke down to a new 20-day low · Analyst price target recently CUT · lagging the market | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.44 mean, 1=Strong Buy…5=Strong Sell) — 9 analysts
- Mean price target$42.11 range $35.00 – $50.00; median $41.00
Analyst estimates, as of 2026-10-04. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for NESR
- Consensus EPS estimate$0.3914 next reporting period, as of 2026-10-04
- Estimate change, 30 days-$0.1366 (-25.9%) from $0.528, on 2026-08-29, 36-day window
- Readings revised upward0% of 6 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["heavy concentration of operations in the MENA region","volatility in oil and gas industry spending and commodity prices","significant long-term debt levels"]
What changed in the latest 10-Q
AI-assisted comparison of NESR's 10-Q filed 2026-05-11 against the prior one filed 2018-05-14.
Management's Discussion & Analysis (MD&A)
- Added:
- 2026 filing references 2025 Annual Report on Form 10-K for year ended December 31, 2025 (older filing references 2017 Form 10-K)
- 2026 filing includes specific discussion of ongoing conflict between United States, Israel and Iran and its impact on crude oil markets and upstream activity in MENA region
- 2026 filing includes key performance indicators table showing MENA rig count of 555 (March 31, 2026) vs 565 (December 31, 2025) and Brent Crude price of $126.69 vs $61.35
- 2026 filing includes consolidated statements of operations data for three-month periods ended March 31, 2026 and March 31, 2025 with specific revenue and expense figures
- 2026 filing describes Production Services and Drilling and Evaluation Services segments with specific revenue percentages (60% and 40% respectively for Q1 2026)
- 2026 filing includes revenue breakdown by segment showing Production Services $241.0M and Drilling and Evaluation Services $163.5M for Q1 2026
- 2026 filing mentions increased hydraulic fracturing stages in Saudi Arabia as driver of Production Services revenue increase
- 2026 filing mentions increased well testing activity in Saudi Arabia as driver of Drilling and Evaluation Services revenue increase
- Removed:
- Older filing describes NESR as a blank check company incorporated January 23, 2017 in British Virgin Islands
- Older filing discusses purpose of entering into merger, share exchange, asset acquisition, or other business combination with target businesses
- Older filing discusses risks of issuance of additional ordinary shares or preferred stock
- Older filing discusses risks of issuing debt securities
- Older filing section titled 'Recent Events' discussing November 12, 2017 announcement of definitive agreements to acquire GES and NPS
- Older filing discusses April 27, 2018 forward purchase agreement with MEA Energy Investment Company 2 Ltd.
- Older filing discusses planned special meeting of shareholders to approve Business Combination
- Older filing references to 'sponsor' as NESR Holdings, Ltd.
- Reworded:
- 2026 filing uses 'Cautionary Note Regarding Forward-Looking Statements' language vs 2018 filing's 'Special Note Regarding Forward-Looking Statements'
- 2026 filing describes NESR as 'one of the largest oilfield services providers in the MENA region' with established business operations vs 2018 filing describing it as blank check company pursuing business combination
- 2026 filing references 'Part II, Item 7 of our 2025 Annual Report' for drivers and key performance indicators discussion vs older filing's references to 2017 Form 10-K and Proxy Statement
- Notes:
- The older filing (2018-05-14) predates the actual business combination closing and reflects NESR's status as a blank check company; the newer filing (2026-05-11) reflects NESR as an established operating oilfield services company, representing a fundamental change in company status rather than operational changes of the same entity
- The two filings are from substantially different time periods (2018 vs 2026) covering different quarterly periods and business stages
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 3 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 90 days · read to 2026-10-040 buys · 3 sells ($6M) — 3 selling insiders
- Last 180 days · read to 2026-10-040 buys · 17 sells ($142M) — 4 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-09-09. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about NESR's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
NESR had 4,345,262 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
NESR had 4.31% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.01 days to cover at the same settlement.
- Reported short interest (shares) 4,345,262
- Short interest (% of shares outstanding) 4.31%
- Prior settlement (shares) 4,766,089
- Reported change -8.83%
- Days to cover (reported) 3.01
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Schlumberger (SLB)
- Halliburton (HAL)
- Baker Hughes (BKR)
- Weatherford International (WFRD)
- Precision Drilling (PDS)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare NESR vs…
Frequently asked questions
What does NATIONAL ENERGY SERVICES REUNITED (NESR) do?
National Energy Services Reunited Corp. (NESR) is an oilfield services company that provides drilling, production, and well services to the energy industry. The company operates primarily in the Middle East and North Africa (MENA) region, offering a range of services designed to enhance oil and gas field performance.
What sector is NATIONAL ENERGY SERVICES REUNITED (NESR) in?
NATIONAL ENERGY SERVICES REUNITED (NESR) is classified in the Energy sector. Its industry is oilfield services. It trades on NASDAQ.
Who are NATIONAL ENERGY SERVICES REUNITED's (NESR) competitors?
Notable peers of NATIONAL ENERGY SERVICES REUNITED (NESR) include Schlumberger, Halliburton, Baker Hughes, Weatherford International and Precision Drilling. This peer set is informational only — not financial advice.
Is NATIONAL ENERGY SERVICES REUNITED (NESR) overbought or oversold right now?
NATIONAL ENERGY SERVICES REUNITED (NESR) is currently in oversold territory (its 14-day RSI is 21, below 30) (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on NESR come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.