Shares of National Energy Services Reunited Corp. (NESR) surged 5.17% in Thursday's intraday trading session, following positive analyst ratings from major financial institutions. The stock's significant uptick comes amid a flurry of bullish sentiment from Wall Street analysts.
Piper Sandler reaffirmed its Overweight rating on National Energy Services Reunited, signaling continued confidence in the company's performance and growth prospects. This positive outlook was further bolstered by Barclays, which maintained its Buy rating on NESR stock and set an ambitious price target of $15.00.
The dual vote of confidence from these respected financial institutions appears to have sparked investor enthusiasm, driving the stock's impressive gains. As National Energy Services Reunited continues to attract favorable attention from analysts, investors will be closely watching the company's future performance to see if it can meet these high expectations.