Is National Energy Services Reunited Corp. (NESR)’s Fuel Running Low? The Stock Reaches 52-Week Low Today

The stock of National Energy Services Reunited Corp. (NASDAQ:NESR) hit a new 52-week low and has $6.98 target or 6.00 % below today’s $7.43 share price. The 6 months bearish chart indicates high risk for the $645.64M company. The 1-year low was reported on Aug, 14 by Barchart.com. If the $6.98 price target is reached, the company will be worth $38.74M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 6.07% or $0.48 during the last trading session, reaching $7.43. About 123,105 shares traded. National Energy Services Reunited Corp. (NASDAQ:NESR) has declined 28.57% since August 14, 2018 and is downtrending. It has underperformed by 28.57% the S&P500.

More notable recent National Energy Services Reunited Corp. (NASDAQ:NESR) news were published by: Seekingalpha.com which released: “NESR Readies Report Amid Challenging Services Environment – Seeking Alpha” on July 29, 2019, also Globenewswire.com with their article: “National Energy Services Reunited Corp. Completes $210000000 Initial Public Offering – GlobeNewswire” published on May 17, 2017, Marketwatch.com published: “Dollar steady near 2-week high in quiet Good Friday trading – MarketWatch” on April 19, 2019. More interesting news about National Energy Services Reunited Corp. (NASDAQ:NESR) were released by: Globenewswire.com and their article: “National Energy Services Reunited Corp. to Acquire Gulf Energy SAOC and National Petroleum Services – GlobeNewswire” published on November 12, 2017 as well as Realmoney.Thestreet.com‘s news article titled: “S&P 500 and Nasdaq’s Near-Term Trends Are Neutral, But Dow-30 Looks Negative – TheStreet.com” with publication date: August 14, 2019.

National Energy Services Reunited Corp. intends to merge, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more target businesses. The company has market cap of $645.64 million.

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