Yousif Mohammed Ali Nasser Al-Nowais, a director at National Energy Services Reunited Corp. (NASDAQ:NESR), executed two separate sales of ordinary shares totaling $146,188 on June 8 and June 9, 2026. The transactions were facilitated indirectly through Al Nowais Investments LLC. On June 8, Al-Nowais disposed of 5,526 shares at a weighted average price of $25.53, with prices ranging from $25.505 to $25.53. The following day, an additional 200 shares were sold at $25.55 per share. Following these sales, Al-Nowais indirectly holds 3,550,242 ordinary shares in the company.
Despite the executive sale, NESR reported record revenue for the first quarter of 2026, with earnings per share exceeding expectations. UBS reiterated a Buy rating and increased the price target to $32, citing positive developments in the Jafurah project. BTIG also raised its price target to $32 from $28, highlighting a resilient outlook and adjusted EBITDA of approximately $77 million, which was about 5% above Wall Street estimates. The Jafurah project continues to ramp up operations, contributing to the company’s steady activity in core markets. The stock currently trades at $99.18, up 7.5% over the past six months.
According to InvestingPro analysis, NESR appears undervalued based on its Fair Value assessment. The platform offers 10 additional ProTips for investors seeking deeper insights into the company’s prospects.