National Energy Services Stock Fundamentals
| NESR Stock | USD 7.60 0.14 1.88% |
National Energy Services fundamentals help investors to digest information that contributes to National Energy's financial success or failures. It also enables traders to predict the movement of National Stock. The fundamental analysis module provides a way to measure National Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to National Energy stock.
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National Energy Services Company Return On Equity Analysis
National Energy's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current National Energy Return On Equity | 0.0155 |
Most of National Energy's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, National Energy Services is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, National Energy Services has a Return On Equity of 0.0155. This is 100.78% lower than that of the Energy Equipment & Services sector and 100.09% lower than that of the Energy industry. The return on equity for all United States stocks is 105.0% lower than that of the firm.
National Energy Services Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining National Energy's current stock value. Our valuation model uses many indicators to compare National Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across National Energy competition to find correlations between indicators driving National Energy's intrinsic value. More Info.National Energy Services is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 1.79 of Return On Asset per Return On Equity. Comparative valuation analysis is a catch-all technique that is used if you cannot value National Energy by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.National Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses National Energy's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of National Energy could also be used in its relative valuation, which is a method of valuing National Energy by comparing valuation metrics of similar companies.National Energy is currently under evaluation in return on equity category among its peers.
National Fundamentals
| Return On Equity | 0.0155 | ||||
| Return On Asset | 0.0278 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.10 % | ||||
| Current Valuation | 1.02 B | ||||
| Shares Outstanding | 95.41 M | ||||
| Shares Owned By Insiders | 31.54 % | ||||
| Shares Owned By Institutions | 28.80 % | ||||
| Number Of Shares Shorted | 403.73 K | ||||
| Price To Earning | 11.41 X | ||||
| Price To Book | 0.79 X | ||||
| Price To Sales | 0.57 X | ||||
| Revenue | 1.15 B | ||||
| Gross Profit | 155.43 M | ||||
| EBITDA | 217.9 M | ||||
| Net Income | 12.58 M | ||||
| Cash And Equivalents | 101.02 M | ||||
| Cash Per Share | 1.11 X | ||||
| Total Debt | 484.75 M | ||||
| Debt To Equity | 0.47 % | ||||
| Current Ratio | 1.45 X | ||||
| Book Value Per Share | 8.92 X | ||||
| Cash Flow From Operations | 176.96 M | ||||
| Short Ratio | 2.41 X | ||||
| Earnings Per Share | 0.48 X | ||||
| Target Price | 15.0 | ||||
| Number Of Employees | 6.23 K | ||||
| Beta | 0.51 | ||||
| Market Capitalization | 830.05 M | ||||
| Total Asset | 1.8 B | ||||
| Retained Earnings | (62.44 M) | ||||
| Working Capital | 8.27 M | ||||
| Current Asset | 1.02 M | ||||
| Current Liabilities | 4.09 M | ||||
| Net Asset | 1.8 B |
About National Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze National Energy Services's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of National Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of National Energy Services based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. The company was incorporated in 2017 and is headquartered in Houston, Texas. National Energy operates under Oil Gas Equipment Services classification in the United States and is traded on NASDAQ Exchange. It employs 5581 people.
Pair Trading with National Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if National Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in National Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to National Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back National Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling National Energy Services to buy it.
The correlation of National Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as National Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Energy Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for National Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for National Stock Analysis
When running National Energy's price analysis, check to measure National Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy National Energy is operating at the current time. Most of National Energy's value examination focuses on studying past and present price action to predict the probability of National Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Energy's price. Additionally, you may evaluate how the addition of National Energy to your portfolios can decrease your overall portfolio volatility.