A review of recent filings reveals significant insider activity at National Energy Services Reunited Corp. (NASDAQ:NESR). Specifically, Yousif Mohammed Ali Nasser Al-Nowais, a director for the company, filed reports detailing the disposition of shares valued at roughly $5.84 million over two consecutive days in mid-May.
The transaction details, sourced from a Form 4 filing with the Securities and Exchange Commission, indicate that Al-Nowais sold a total of 224,068 ordinary shares. These sales were executed at prices ranging between $26.06 and $26.13 per share. All reported divestitures were channeled through an entity named Al Nowais Investments LLC.
- On May 18, 2026, the director sold 220,568 ordinary shares at a weighted average price of $26.06 per share. The pricing for this specific day's sales was reported to have fluctuated between $26.00 and $26.40 per share.
- The subsequent day, May 19, 2026, saw the sale of an additional 3,500 ordinary shares at a price point of $26.13 per share.
Following these sales, Al-Nowais indirectly retained ownership of 4,829,400 ordinary shares in National Energy Services Reunited Corp.
While the selling activity by an insider is noted, other corporate developments suggest a positive operational phase for NESR. The company recently announced record revenue for the first quarter of 2026. This strong financial performance was achieved despite overcoming geopolitical disruptions that affected both the Middle East and North Africa regions.
The earnings per share reported by the company exceeded market expectations, which represented a key positive takeaway for investors. Furthermore, major investment banks have responded favorably to these results. UBS reaffirmed its Buy rating on NESR's stock, citing improvements in the Jafurah project operations and elevating its price target from $31 to $32. Concurrently, BTIG also maintained a Buy rating while raising its price target for National Energy Services to $32, up from a previous level of $28.
Financial metrics further support this positive assessment. The company reported an adjusted EBITDA of approximately $77 million for the first quarter. This figure was noted to be about 5% higher than Wall Street's estimates. Analysts pointed out that even with recorded freight costs totaling $4 million, the company's earnings surpassed expectations, and they anticipate margin improvements throughout the year.
These developments underscore a steady activity level in core operational markets, particularly with the Jafurah project continuing its ramp-up of operations. The combined data points from analyst assessments, record revenues, and strong quarterly metrics reflect an upward trajectory for National Energy Services, as highlighted by professional financial observers.