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Market Overview

Recap: National Energy Services Q3 Earnings

Share:

Shares of National Energy Services (NASDAQ:NESR) remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share were down 15.79% over the past year to $0.16, which beat the estimate of $0.10.

Revenue of $218,423,000 higher by 35.16% year over year, which beat the estimate of $200,570,000.

Looking Ahead

National Energy Services hasn't issued any earnings guidance for the time being.

National Energy Services hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 28, 2020

Time: 08:00 AM

ET Webcast URL: https://www.webcast-eqs.com/register/nationalenergy20201028/en

Technicals

Company's 52-week high was at $9.53

52-week low: $4.04

Price action over last quarter: Up 9.51%

Company Description

National Energy Services Reunited Corp is a British Virgin Islands-based company engaged in providing products and services to the oil and gas industry in the Middle East and North Africa and the Asia Pacific regions. The company has two reportable segments: Production Services including coil tubing, stimulation, and pumping, nitrogen services, completions, pipelines, cementing, laboratory services and filtration services; and Drilling and Evaluation Services including drilling and workover rigs, rig services, services, and well-testing services among others. Revenues are primarily derived from production services of an oil or natural gas well.

 

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