WEBULL

Why National Energy Services Reunited (NESR) Is Up 6.1% After Winning Multi‑Year Jafurah Fracturing Deal – And What's Next

Simply Wall St · 4d ago
  • National Energy Services Reunited Corp. recently presented at the Goldman Sachs Energy, CleanTech & Utilities Conference in Florida and has secured a multi-year unconventional fracturing contract in Saudi Arabia’s Jafurah field worth several billions over five years.
  • This combination of greater investor visibility and a large, long-duration contract meaningfully extends the company’s revenue backlog and operational commitments in the MENA region.
  • Next, we’ll examine how this multi-year Jafurah unconventional fracturing award may reshape National Energy Services Reunited’s existing investment narrative.

We've found 11 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

National Energy Services Reunited Investment Narrative Recap

To own National Energy Services Reunited, you need to believe in its ability to convert large, long-duration MENA contracts into sustained earnings while managing customer concentration and capital intensity. The multi-year, multi-billion Jafurah unconventional fracturing award directly addresses the previous risk around winning that tender, but it also reinforces dependence on Saudi-related spending as the key short term catalyst and the main operational and geopolitical risk.

Among recent developments, the Jafurah contract stands out as the clearest link between NESR’s conference visibility and its path toward the US$2,000,000,000 revenue run rate the company has highlighted for 2026. While this award supports the growth narrative, it also increases NESR’s exposure to execution risk, working capital demands, and the financial impact of any disruption in payments or operations tied to a small group of national oil companies.

Yet investors should be aware that this growing reliance on a handful of large, long-term NOC contracts...

Read the full narrative on National Energy Services Reunited (it's free!)

National Energy Services Reunited's narrative projects $1.5 billion revenue and $168.6 million earnings by 2028. This requires 4.0% yearly revenue growth and a $95.6 million earnings increase from $73.0 million today.

Uncover how National Energy Services Reunited's forecasts yield a $19.80 fair value, a 19% upside to its current price.

Exploring Other Perspectives

NESR 1-Year Stock Price Chart
NESR 1-Year Stock Price Chart

Seven Simply Wall St Community fair value estimates for NESR span roughly US$3.87 to about US$58.58 per share, showing very different views on upside. Set those opinions against NESR’s heavy dependence on long term MENA NOC contracts and consider how concentrated customer exposure could shape future performance.

Explore 7 other fair value estimates on National Energy Services Reunited - why the stock might be worth less than half the current price!

Build Your Own National Energy Services Reunited Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

  • A great starting point for your National Energy Services Reunited research is our analysis highlighting 3 key rewards that could impact your investment decision.
  • Our free National Energy Services Reunited research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate National Energy Services Reunited's overall financial health at a glance.

Seeking Other Investments?

The market won't wait. These fast-moving stocks are hot now. Grab the list before they run:

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.