National Energy Services Reunited Corp Ordinary Shares

National Energy Services Reunited has been upgraded to a Zacks Rank #1 (Strong Buy), placing it in the top 5% of the more than 4,000 stocks covered by the Zacks rating system. The upgrade reflects an upward trend in earnings estimates, with the Zacks Consensus Estimate for the company rising 8.3% over the past three months. The company is expected to earn $1.82 per share for the fiscal year ending December 2026, which represents no year-over-year change. The Zacks Rank system, which classifies stocks from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an externally-audited track record showing Zacks Rank #1 stocks generating an average annual return of +25% since 1988. The upgrade positions National Energy Services Reunited in the top 5% of Zacks-covered stocks in terms of estimate revisions, implying the stock might move higher in the near term.

National Energy Services Reunited Corp. is participating in Middle East tenders totaling roughly $3-$4 billion, including several large multiyear opportunities, as it aims to accelerate its 3B3 strategy targeting a $3-billion revenue run rate within three years. Management said the contracts often run for five, seven or even nine years, supporting backlog growth and longer-term revenue visibility, and believes stronger contract wins can accelerate that timeline. NESR has maintained uninterrupted service through the ongoing Middle East conflict, which has disrupted energy activity across the region with project shutdowns in Iraq and LNG interruptions in Qatar, and its operating track record has qualified it to bid on larger contract lots previously dominated by bigger service providers. The company has emerged as the region's largest hydraulic-fracturing company while building scale across several production and completion service lines. Other providers stand to benefit from a recovery in Middle East energy spending, with SLB N.V. citing stronger customer engagement around well intervention, shut-in well recovery and infill drilling in markets such as the United Arab Emirates and Qatar, and Baker Hughes Company highlighting major awards for electric motor-driven compression trains tied to a large offshore Middle East field and Aramco's Uthmaniyah gas development. NESR shares have gained 198.8% over the past year compared with the industry's 66.5% growth, and the stock trades at a trailing 12-month EV/EBITDA of 10.33X versus the industry average of 9.09X.

Zacks Investment Research added five stocks to its Zacks Rank #1 Strong Buy list on August 24th. Federated Hermes saw its current-year earnings consensus estimate increase 7% over the last 60 days, nVent Electric's rose 12.8%, National Energy Services Reunited's rose 8.3%, Crawford & Company's rose 14.1%, and Carter's rose 6.2%. The list highlights companies with rising earnings estimates.

National Energy Services Reunited reported record second-quarter 2026 revenue of $520.8 million, up 28.7% sequentially and 59.1% year-over-year, driven primarily by the ramp-up of its Jafurah contract in Saudi Arabia. Adjusted EBITDA reached a record $106.2 million with a 20.4% margin, while adjusted net income hit a record $45.5 million, or $0.44 per diluted share. The company now views $2 billion in full-year revenue as a minimum objective, having achieved its fourth-quarter annualized exit rate target two quarters ahead of schedule. NESR also announced it will change auditors from Grant Thornton Dubai to PricewaterhouseCoopers Dubai effective for the 2027 audit, and reiterated plans to initiate a quarterly dividend of $0.10 per share beginning in the fourth quarter of 2026.

National Energy Services Reunited reported record second-quarter results, with revenue surging 59.1% year over year to $520.8 million, driven primarily by the ramp-up of its Jafurah contract in Saudi Arabia. Adjusted EBITDA reached $106.2 million, representing a 20.4% margin, while adjusted net income was $45.5 million, or $0.44 per diluted share. The company now considers $2 billion in full-year 2026 revenue a minimum objective, supported by growth in Saudi Arabia, Kuwait, the UAE and North Africa. Operating cash flow was $174 million and free cash flow was $99.9 million, while net debt fell to $99.6 million. NESR plans to initiate a $0.10 quarterly dividend in the fourth quarter of 2026 and maintain its $50 million share-repurchase program.

Seeking Alpha's quantitative model has identified the highest- and lowest-rated large-cap energy stocks ahead of the second-quarter earnings season. The five highest-rated stocks, all with Strong Buy ratings, are National Energy Services Reunited with a quant score of 4.96, PBF Energy at 4.94, Par Pacific at 4.92, Neste Oyj at 4.90, and Frontline at 4.87. The five lowest-rated stocks are Energy Fuels with a Strong Sell rating and a score of 1.21, Centrus Energy at 1.27, Comstock Resources at 1.42, Peabody Energy at 1.69, and Technip Energies at 1.91. The analysis indicates top-rated names are driven by growth, momentum, and earnings revisions, while low-rated names show sharp deterioration in revisions and momentum, particularly in construction-linked and clean-energy segments. The energy sector is expected to post the strongest earnings growth of all eleven S&P 500 sectors in Q2 2026, with year-over-year earnings rising 122.9%, according to FactSet, as WTI crude averaged $92.55 per barrel, about 45% higher than a year earlier.