Reported 2 days ago
Piper Sandler has initiated coverage of National Energy Services Reunited Corp. (NESR) with an 'Overweight' rating and a target price of $11. Despite challenging conditions in the U.S. land rig market, NESR reported strong operational performance in Q1 2025 and aims to focus on growth in the MENA region. The company is working on enhancing efficiency and reducing debt, which has improved significantly from the previous year.
Source: YAHOO