National Energy Services Reunited Corp. (NESR) AI Stock Analysis

National Energy Services Reunited Corp. delivers comprehensive oilfield services to the oil and gas industry across the Middle East, North Africa, and the Asia Pacific regions. It operates via two main segments: Production Services and Drilling and Evaluation Services. Production Services offers hydraulic fracturing, coiled tubing, nitrogen lifting, well applications, stimulation, cementing, filtration, production assurance chemicals, and artificial lift services. Drilling and Evaluation Services provides drilling and workover rigs, directional drilling, drilling fluid systems, wireline logging, slickline services, and well testing to measure production of solids, gas, oil, and water.

NESR expanded annual revenue from $876.7M in FY2021 to $1.32B in FY2025, representing a 5-year revenue CAGR of 9.7%. Operating margin improved from -4.9% in FY2021 to 7.4% in FY2025, while net income shifted from -$64.6M to $51.1M over the same period. For the trailing twelve months, revenue reached $1.62B with an operating margin of 12.4% and net profit margin of 5.8%. For the latest quarter ended June 30, 2026, quarterly revenue growth accelerated to 59.1% year-over-year, and quarterly earnings grew 172.8% year-over-year, generating trailing twelve month EPS of $0.92.

As of June 30, 2026, NESR held $175.0M in cash and short-term investments against total debt of $299.1M, yielding net debt of $124.1M. Shareholders' equity stood at $1.04B alongside total assets of $2.10B, with a debt-to-equity ratio of 0.29 and a current ratio of 1.02. Operating cash flow totaled $264.2M in FY2025, and free cash flow reached $120.8M after capital expenditures of $143.5M. Over the trailing five years, the company's share count expanded by 13.4%.

NESR trades at a trailing price-to-earnings multiple of 20.4x and an enterprise value to EBITDA multiple of 12.0x, above the US-listed Energy peers median of 15.0x trailing P/E and 8.0x EV/EBITDA. Its price-to-sales multiple of 1.2x sits below the peer median of 1.8x. Over the past year, NESR posted a 77.9% return compared to 16.8% for the S&P 500, though its five-year return of 45.5% trailed the S&P 500 return of 83.0%. The stock last closed at $18.73, which is 26.2% below its 200-day average.

Wall Street coverage includes 5 Strong Buy and 4 Buy ratings, with zero Hold, Sell, or Strong Sell recommendations. The consensus mean price target is $41.11, representing 119.5% upside relative to the last close of $18.73. For the fiscal year ending December 31, 2026, analysts estimate EPS of $1.66 on revenue of $1.99B, projecting 99.9% EPS growth. NESR has beaten EPS estimates in each of the last 4 quarters, and its next earnings date is November 12, 2026.

This page is an AI-written research summary of National Energy Services Reunited Corp. (NESR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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