$NESR

BMO Capital initiated coverage on National Energy Services Reunited (NASDAQ:NESR) with an Outperform rating and a $39 price target, citing growth in Middle East markets and strong execution of its Jafurah contract. The company reported Q2 2026 earnings of $0.44 per share on revenue of $520.8 million, surpassing estimates. BTIG raised its price target to $40, noting regional growth offsetting Iraq challenges.

National Energy Services Reunited Corp. (NESR) has maintained operations in the Middle East despite conflict disruptions, positioning itself for post-conflict growth. The company is bidding on $3-$4 billion in tenders, aiming to accelerate its 3B3 strategy of reaching a $3 billion revenue run rate in three years. SLB and Baker Hughes (BKR) are also poised to benefit from increased regional energy spending.

NESR (NASDAQ:NESR) reported fastest revenue growth, stock up 12.6%. Select Water Solutions (NYSE:WTTR) revenues up 8.7%, stock up 9%. ProPetro (NYSE:PUMP) revenues down 6.2%, stock down 1.8%. World Kinect (NYSE:WKC) revenues up 50.3%, stock up 1.3%. Patterson-UTI (NASDAQ:PTEN) revenues flat, stock up 38.3%.

Campo Mejia Antonio J sold 63,324 shares of National Energy Services Reunited Corp. (NESR) at $35.45 ($2.24M total) on 2026-09-09.

National Energy Services Reunited (NESR) has seen strong earnings estimate revisions and a high growth score, supported by a lower PEG ratio than the broader energy services industry. The Zacks Consensus Estimate for current year earnings has increased by 8.3% over 60 days, reflecting confidence in its MENA oilfield contracts and sustainability services. Analysts expect revenue to reach $3.4B and earnings of $456.7M by 2029, with a 22% potential upside from the current price.

Transocean (RIG) stock rose 8.6% post-earnings, trading at $20.10. ProPetro (PUMP) reported $305.8M revenue, down 6.2% YoY, missing estimates, yet stock up 7.5% to $11.46. NESR (NESR) saw 59.1% YoY revenue growth to $520.8M, beating estimates, with stock up 19.7% to $34.75. Bristow Group (VTOL) reported $411.8M revenue, up 9.4% YoY, exceeding expectations, but stock down 9.3% to $43.32.

Foda Sherif (Chief Executive Officer) sold 100,000 shares of National Energy Services Reunited Corp. (NESR) at $35.00 ($3.50M total) on 2026-08-31.

Angeli Stefan (Chief Financial Officer) sold 13,570 shares of National Energy Services Reunited Corp. (NESR) at $35.12 ($0.48M total) on 2026-08-18.

National Energy Services Reunited Corp. (NESR) reported Q2 2026 revenue of $520.8 million, up 28.7% sequentially and 59.1% year over year. Adjusted EBITDA was $106.2 million (20.4% margin). Adjusted net income was $45.5 million and adjusted diluted EPS $0.44. Full-year 2026 guidance calls for at least $2 billion revenue, plus a $0.10 quarterly dividend and $50 million buyback.

NESR said growth is supported by ramping a fifth hydraulic fracturing fleet in Saudi Arabia and additional contract activity in Kuwait, the UAE, and North Africa, targeting sequential revenue and margin improvement. It also plans to commercialize advanced drilling and decarbonization pilots (ROYA, NEDA) into revenue from 2027 onward, while noting geopolitical and logistics risks to costs. NESR trades at $36.05.