$NESR

Energy Stocks Poised for Gains as Oil, Gas Outlook Improves, UBS Says

UBS maintained its bullish outlook for oil and natural gas, saying it expects 2027 prices to top what the current futures price would suggest even as volatility prompted it to stress-test energy stocks under multiple price scenarios, the bank said in a note on Tuesday.The analysis looked at oil prices ranging from $55-$65 per barrel for Brent crude and corresponding WTI prices of about $51-$61/bbl, along with natural gas prices between $2.75 and $4.25 per million British thermal units.UBS assumed companies would keep spending and production levels unchanged across all scenarios.UBS said current share prices for US oil and gas producers imply investors are expecting WTI crude prices in the low $60s/bbl and natural gas prices of about $3.50/MMBtu in 2027.In a scenario where Brent crude averages $75/bbl and natural gas averages $3.75/MMBtu, UBS believes the sector appears undervalued. Based on historical valuation levels, the bank estimates energy stocks could have over 20% upside.The bank also said energy company valuations are highly sensitive to changes in commodity prices. A $10/bbl move in oil prices and a $0.50 change in natural gas prices would have a significant impact on companies' cash flow and valuations.UBS added that if oil prices fall below $60/bbl and natural gas prices below $3/MMBtu many producers would likely reduce drilling activity and production.Despite higher oil prices since the recent conflict began, energy stocks have lagged the broader market. The S&P 500 Energy Index has gained 8% but has underperformed the broader S&P 500 by about 3 percentage points.Front-month WTI crude prices have risen 22%, while contracts for 2027 delivery are up 15%. Longer-dated natural gas prices, however, have fallen 10%.Among the companies UBS follows, SM Energy (SM) and Chord Energy (CHRD) have posted the strongest gains since the conflict began, while Liberty Energy (LBRT), Comstock Resources (CRK) and Gulfport Energy (GPOR) have been the weakest performers.Smaller and mid-sized oil producers have generally outperformed their larger peers, UBS said.UBS maintained its preferred exploration and production stocks as Ovintiv (OVV), Devon Energy (DVN) and Antero Resources (AR), while naming National Energy Services Reunited (NESR) as its top pick among oilfield services companies.Price: $29.40, Change: $-0.90, Percent Change: -2.97%

National Energy Services Reunited Could Report Strong Q2 on Jafurah Acceleration, UBS Says

National Energy Services Reunited (NESR) could report another strong quarterly update on accelerating activity at the Jafurah field and a robust regional tender pipeline, UBS said in a note Monday.The firm said operations at Jafurah continue to accelerate, with the fourth crew active in Q2 and the fifth likely starting in Q3, positioning the company to capture the full scope of the committed work.UBS expects this to push the company to its $500 million quarterly revenue run rate starting in Q3, with potential for a sixth crew next year and further expansion to seven or eight crews over time should Aramco accelerate gas activity.UBS also cited roughly $3 billion in regional tender awards expected over the next two months, led by Kuwait, as a key catalyst.UBS reiterated the company's buy rating and raised the price target to $36 from $32.Price: $29.73, Change: $+1.24, Percent Change: +4.35%

UBS Adjusts National Energy Services Reunited PT to $36 From $32, Maintains Buy Rating

National Energy Services Reunited Insider Sold Shares Worth $51,445,119, According to a Recent SEC Filing

Yousif Mohammed Ali Nasser Al-Nowais, Director, on June 25, 2026, sold 1,919,594 shares in National Energy Services Reunited (NESR) for $51,445,119. Following the Form 4 filing with the SEC, Al-Nowais has control over a total of 229,198 ordinary shares of the company, with 229,198 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1698514/000094787126000671/xslF345X05/ownership.xml

National Energy Services Reunited Insider Sold Shares Worth $18,285,925, According to a Recent SEC Filing

Yousif Mohammed Ali Nasser Al-Nowais, Director, on May 22, 2026, sold 699,888 shares in National Energy Services Reunited (NESR) for $18,285,925. Following the Form 4 filing with the SEC, Al-Nowais has control over a total of 3,555,968 ordinary shares of the company, with 3,555,968 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1698514/000094787126000583/xslF345X05/ownership.xml

National Energy Services Reunited Insider Sold Shares Worth $14,992,440, According to a Recent SEC Filing

Yousif Mohammed Ali Nasser Al-Nowais, Director, on May 20, 2026, sold 573,544 shares in National Energy Services Reunited (NESR) for $14,992,440. Following the Form 4 filing with the SEC, Al-Nowais has control over a total of 4,255,856 ordinary shares of the company, with 4,255,856 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1698514/000094787126000571/xslF345X05/ownership.xml

National Energy Services Reunited Insider Sold Shares Worth $5,839,457, According to a Recent SEC Filing

Yousif Mohammed Ali Nasser Al-Nowais, Director, on May 18, 2026, sold 224,068 shares in National Energy Services Reunited (NESR) for $5,839,457. Following the Form 4 filing with the SEC, Al-Nowais has control over a total of 4,829,400 ordinary shares of the company, with 4,829,400 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1698514/000094787126000569/xslF345X05/ownership.xml

National Energy Services Reunited Insider Sold Shares Worth $8,146,550, According to a Recent SEC Filing

Yousif Mohammed Ali Nasser Al-Nowais, Director, on May 13, 2026, sold 304,928 shares in National Energy Services Reunited (NESR) for $8,146,550. Following the Form 4 filing with the SEC, Al-Nowais has control over a total of 5,053,468 ordinary shares of the company, with 5,053,468 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1698514/000094787126000555/xslF345X05/ownership.xml

UBS Adjusts Price Target on National Energy Services Reunited to $32 From $31, Maintains Buy Rating

National Energy Services Reunited Corp. (NESR) has an average rating of buy and mean price target of $30.86, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $24.84, Change: $-0.59, Percent Change: -2.32%

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each rising 2.4%.The Philadelphia Oil Service Sector Index was adding 1.8%, and the Dow Jones US Utilities Index rose 1%.Front-month West Texas Intermediate crude oil rose 2.6% to $97.93 a barrel, and the global benchmark Brent crude contract was advancing 2.8% to $104.16 a barrel. Henry Hub natural gas futures gained 6% to $2.92 per 1 million BTU.In corporate news, Enbridge (ENB) is well-positioned to benefit from global energy security trends and rising demand for energy infrastructure, which are creating expanded opportunities across its businesses, RBC Capital Markets said in a note. Enbridge shares rose 1.7%.BP (BP) has a "second chance" to deleverage and restore financial health, supported by higher commodity prices that could put it on firmer footing in coming years, RBC Capital Markets said in a note. RBC upgraded BP to outperform from sector perform, while maintaining its 700 pence ($9.52) price target. BP shares rose 2.1%.Halliburton (HAL) and Blackstone (BX) will invest a combined $1 billion into energy startup VoltaGrid in a deal that values the firm at over $10 billion, Bloomberg reported. Halliburton shares added 1%.National Energy Services Reunited (NESR) shares jumped past 9% after it reported higher Q1 adjusted earnings and revenue.

Sector Update: Energy Stocks Rise Monday Afternoon

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 2.3% and the State Street Energy Select Sector SPDR ETF (XLE) climbing 2.6%.The Philadelphia Oil Service Sector Index was adding 1.9%, and the Dow Jones US Utilities Index rose 1.1%.Crude oil prices rose Monday after US President Donald Trump rejected Iran's counteroffer to end the war, extending uncertainty around oil flows through the Strait of Hormuz. Trump on Sunday described Iran's response to Washington's peace proposal as "totally unacceptable." The apparent US-Iran stalemate prolongs the effective closure of the Strait of Hormuz, the world's most important chokepoint for crude flows.Front-month West Texas Intermediate crude oil rose 2.9% to $98.16 a barrel, and the global benchmark Brent crude contract was advancing 2.9% to $104.18 a barrel. Henry Hub natural gas futures gained 5.5% to $2.91 per 1 million BTU.In corporate news, BP (BP) has a "second chance" to deleverage and restore financial health, supported by higher commodity prices that could put it on firmer footing in coming years, RBC Capital Markets said in a note. RBC upgraded BP to outperform from sector perform, while maintaining its 700 pence ($9.52) price target. BP shares rose 2%.Halliburton (HAL) and Blackstone (BX) will invest a combined $1 billion into energy startup VoltaGrid in a deal that values the firm at over $10 billion, Bloomberg reported. Halliburton shares added 1.4%.National Energy Services Reunited (NESR) shares surged 11% after it reported higher Q1 adjusted earnings and revenue.Kodiak Gas Services (KGS) shares jumped past 6% after it posted higher Q1 adjusted earnings and revenue.

Sector Update: Energy Stocks Edge Higher Premarket Monday

Energy stocks were edging higher premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.2%.The United States Oil Fund (USO) was up 2.3% and The United States Natural Gas Fund (UNG) was 3.1% higher.Front-month US West Texas Intermediate crude oil was 2% higher at $97.28 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.1% to $103.40 per barrel, and natural gas futures were up 3.3% at $2.85 per 1 million British Thermal Units.Kodiak Gas Services (KGS) stock was up more than 10% after the company posted higher Q1 adjusted earnings and revenue.National Energy Services Reunited (NESR) shares were up more than 4% after the company reported higher Q1 adjusted earnings and revenue.Blackstone (BX) and Halliburton (HAL) will invest a combined $1 billion into energy startup VoltaGrid in a deal that values the firm at over $10 billion, Bloomberg News reported, citing people familiar with the matter. Shares of Halliburton were up more than 1% premarket.