New York, Feb 24, 2026, 07:58 EST — Premarket
- NESR shares looked set for more gains premarket, building on their surge from the previous session.
- The stock’s nudging up against its 52-week high, following last week’s quarterly update.
- Management is in Houston this week, and traders are eyeing their appearances closely—looking for any fresh details on contract ramp-ups.
Shares of National Energy Services Reunited Corp (NESR) climbed 2.5% to $26.70 in Tuesday’s premarket, building on Monday’s 6.8% gain. The Nasdaq oilfield services player carries a roughly $2.6 billion market cap.
The stock ended Monday at $26.05, just two cents below its intraday peak of $26.07 and right up against its 52-week high. Since Feb. 13, shares have climbed roughly 25%. Trading volume has also surged during the lead-up.
Timing’s key here: oil’s stuck close to seven-month peaks, propping up energy-linked plays. Brent crude futures hovered around $71.49 a barrel, holding steady, while U.S. crude crept up to roughly $66.42. Traders are eyeing this week’s U.S.-Iran tensions, with nuclear talks set for Thursday in Geneva, according to Reuters.
NESR saw activity surge in the December quarter, posting $398.3 million in revenue and adjusted EBITDA of $84.4 million. Net debt fell to $185.3 million, dropping by almost $90 million from the prior year, according to the company. “A sharp sequential acceleration in activity,” is how CFO Stefan Angeli described it. CEO Sherif Foda cited new contract wins, especially those related to the Jafurah project in Saudi Arabia. SEC
Adjusted diluted EPS came in at $0.32, topping the $0.25 IBES estimate compiled by Refinitiv, a Reuters summary said. Barclays’ David Anderson kept his Overweight call and bumped up his price target to $34 from $25 on Feb. 18, per StockAnalysis.
Still, net income for the quarter slipped to $7.8 million. The drop, according to the company, came after impairment charges, a jump in expected credit loss provisions—mostly from Oman—plus mobilization-linked restructuring expenses and a vendor-bankruptcy provision tied to Saudi Arabia. The stock’s recent rally could face pressure if more charges show up, or if contract launches get messy.
Oilfield services stocks like NESR react quickly when customer spending pulls back, with its presence in the Gulf and North Africa making timing of projects a key risk. Traders are eyeing whether shares will stick near their recent highs as trading moves out of premarket and into the main session.
Management’s next round of public appearances is coming up, with executives headed to the THRIVE Energy Conference in Houston from Feb. 24-26, followed by the Piper Sandler annual energy conference in Las Vegas, March 16-18.
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