UBS Remains Bullish on National Energy Services Reunited (NESR)

National Energy Services Reunited Corp. (NASDAQ:NESR) is one of the best oil and gas stocks to buy for the next decade. UBS lifted the price target on National Energy Services Reunited Corp. (NASDAQ:NESR) to $36 from $32 on June 30 while maintaining a Buy rating on the shares. The firm told investors in a research note that it sees accelerating Jafurah activity driving fiscal Q2 revenue and EBITDA 4% above Street estimates.

For reference, in its financial results for fiscal Q1 2026, National Energy Services Reunited Corp. (NASDAQ:NESR) reported revenue of 404.6 million, reflecting an increase of 33.5% year-over-year and 1.6% sequentially. It further reported that net income for the quarter ended March 31, 2026, reached $23.8 million, improving 205.4% sequentially and 129.3% year-over-year. Diluted Earnings per Share (EPS) for the quarter came in at $0.23, representing an increase of 109.1% year-over-year and 201.3% sequentially, with adjusted EBITDA of $76.7 million, improving 22.7% year-over-year. Management reported that operating cash flow for the quarter ended March 31, 2026, reached $30.7 million, growing 50.1% year-over-year.

National Energy Services Reunited Corp. (NASDAQ:NESR) is a holding company involved in the provision of oilfield services. The company’s operations are divided into Production Services and Drilling and Evaluation Services.

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