National Energy Services Reunited (NESR) and Its Rivals Critical Analysis

National Energy Services Reunited (NASDAQ: NESR) is one of 38 public companies in the “Oil & gas field services, not elsewhere classified” industry, but how does it contrast to its rivals? We will compare National Energy Services Reunited to similar companies based on the strength of its earnings, institutional ownership, dividends, profitability, valuation, analyst recommendations and risk.

Insider & Institutional Ownership

23.3% of National Energy Services Reunited shares are owned by institutional investors. Comparatively, 57.0% of shares of all “Oil & gas field services, not elsewhere classified” companies are owned by institutional investors. 9.4% of shares of all “Oil & gas field services, not elsewhere classified” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Analyst Recommendations

This is a breakdown of current ratings and recommmendations for National Energy Services Reunited and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
National Energy Services Reunited 0 0 3 0 3.00
National Energy Services Reunited Competitors 529 1961 2401 107 2.42

National Energy Services Reunited currently has a consensus target price of $16.17, suggesting a potential upside of 234.02%. As a group, “Oil & gas field services, not elsewhere classified” companies have a potential upside of 216.12%. Given National Energy Services Reunited’s stronger consensus rating and higher possible upside, equities analysts plainly believe National Energy Services Reunited is more favorable than its rivals.

Valuation and Earnings

This table compares National Energy Services Reunited and its rivals top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
National Energy Services Reunited $658.39 million $39.36 million 6.54
National Energy Services Reunited Competitors $3.51 billion -$216.02 million 3.86

National Energy Services Reunited’s rivals have higher revenue, but lower earnings than National Energy Services Reunited. National Energy Services Reunited is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Volatility and Risk

National Energy Services Reunited has a beta of 0.25, suggesting that its stock price is 75% less volatile than the S&P 500. Comparatively, National Energy Services Reunited’s rivals have a beta of 1.93, suggesting that their average stock price is 93% more volatile than the S&P 500.

Profitability

This table compares National Energy Services Reunited and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
National Energy Services Reunited 5.98% 7.42% 4.46%
National Energy Services Reunited Competitors -8.81% -159.92% -1.75%

Summary

National Energy Services Reunited beats its rivals on 8 of the 13 factors compared.

National Energy Services Reunited Company Profile

National Energy Services Reunited Corp., through its subsidiaries, provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through Production Services, and Drilling and Evaluation Services segments. The Production Services segment offers coiled tubing services, such as nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; primary and remedial cementing services; stimulation and pumping services; nitrogen services; and filtration services, as well as frac tanks and pumping units. This segment also provides artificial lift services; laboratory services; and surface and subsurface safety systems, high-pressure packer systems, flow controls, service tools, expandable liner technology, vacuum insulated tubing technology, and engineering capabilities with manufacturing capacity and testing facilities. In addition, the Production Services segment offers pipeline 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; and production assurance chemicals. Its Drilling and Evaluation Services segment provides fishing and remedial solutions, rig services, and well testing services to measure solids, gas, and oil and water produced from a well; wireline logging services; drilling and workover rigs; turbines and directional drilling; drilling fluid systems and related technologies; 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 rents drilling tools, as well as sources, treats, and disposes water for oil and gas, municipal, and industrial use. National Energy Services Reunited Corp. was founded in 2017 and is headquartered in Houston, Texas.

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