Piper Sandler initiated coverage of National Energy Services Reunited Corp. (NESR) stock with an “Overweight” rating and a $11 price objective, citing a challenging backdrop for US land. Despite this, NESR highlighted strong operational execution in Q1 2025 due to improved processes and controls.

NESR believes conditions in the MENA region are conducive to growth, focusing on strategic priorities like revenue growth, execution efficiency, and debt reduction. Their net debt to adjusted EBITDA ratio improved to 0.93 as of March 31, 2025, from 1.30 a year prior.

As a leading national oilfield services provider, NESR offers investment potential. However, some AI stocks may present greater upside potential and less downside risk. Consider exploring undervalued AI stocks that could benefit from current trends for potential investment opportunities.

Read more at Yahoo Finance: Piper Sandler Initiates Coverage of National Energy Services Reunited (NESR) Stock With an Overweight Rating