Piper Sandler Initiates Coverage of National Energy Services Reunited (NESR) Stock With an Overweight Rating

National Energy Services Reunited Corp. (NASDAQ:NESR) is one of the Best Beaten Down Stocks to Buy Now. Piper Sandler initiated coverage of the company’s stock with an “Overweight” rating and a price objective of $11, as reported by The Fly. Notably, the firm expects a challenging backdrop for US land and is expecting a persistent negative rate-of-change environment for the balance of 2025, with the decline in U.S. land rig count. However, National Energy Services Reunited Corp. (NASDAQ:NESR) highlighted that operational execution was strong across Q1 2025, thanks to the continued improved processes, streamlined procedures, and reinforced internal controls.

Piper Sandler Initiates Coverage of National Energy Services Reunited (NESR) Stock With an Overweight Rating

A drilling rig in action, operated by an oilfield services team.

Despite the global economic headwinds, National Energy Services Reunited Corp. (NASDAQ:NESR) believes that conditions in the MENA region are supportive of growth, and it is focused on core strategic priorities. These include reporting profitable revenue growth, enhancing execution efficiency, commercializing new technology, as well as improving debt reduction and working capital efficiency to help long-term financial performance.

National Energy Services Reunited Corp. (NASDAQ:NESR)’s net debt to adjusted EBITDA ratio was below 1.0, ending Q1 2025 at 0.93 as of March 31, 2025. This reflects a significant improvement from 1.30 as of March 31, 2024.

National Energy Services Reunited Corp. (NASDAQ:NESR) is one of the leading national oilfield services providers.

While we acknowledge the potential of NESR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NESR and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.