National Energy Services (NESR) is One of the Best Mid-Cap Growth Stocks to Look Out For

National Energy Services Reunited Corp. (NASDAQ:NESR) is one of the 8 best mid-cap growth stocks to invest in.

As of the April 6 closing, consensus sentiment for National Energy Services Reunited Corp. (NASDAQ:NESR) remained strongly bullish. The stock received coverage from 4 analysts, all of whom assigned Buy ratings. With a projected median 1-year price target of $29, it offers an upside potential of almost 36%.

On March 2, Barclays shared developments around the ongoing disturbances in the Strait of Hormuz, which adversely affected National Energy Services Reunited Corp. (NASDAQ:NESR). The firm noted the possibility of crude oil prices spiking further, considering a prolonged period of movements towards the $90-100 per barrel range for Brent crude.

Barclays’ commodities team reiterated that physical volume production had been halted in the Kurdistan region of Iraq, and spare capacity stood two million barrels per day below the previous levels experienced during other geopolitical events. The OPEC+ producers’ agreement increased April production by 206,000 barrels per day. However, the group had reversed less than one million barrels per day and voluntarily cut output levels, thereby leaving little room for increasing supplies.

National Energy Services Reunited Corp. (NASDAQ:NESR) delivers oilfield services, which include hydraulic fracturing, coiled tubing, filtration services, and more. The company also offers engineering, manufacturing, and testing services for industrial and municipal use.

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