Yousif Al-Nowais, a director at National Energy Services Reunited Corp. (NESR), sold 304,928 shares over two days, netting over $8.1 million. The transactions occurred on May 13-14, 2026.
The stock is trading near $98.8, below its 52-week high of $110.8. Bond.az analysis suggests the company is undervalued compared to its fair value.
On May 13, 223,626 shares were sold at a weighted average price of $26.8489 (range: $26.60-$27.19). On May 14, 81,302 shares were sold at an average of $26.3516 (range: $26.00-$26.70).
All shares were held indirectly through Al Nowais Investments LLC. After the sales, Al-Nowais retains 5,053,468 shares. Total proceeds were $8,146,549.
NESR reported record Q1 2026 revenue, with EPS beating estimates. UBS and BTIG raised price targets to $32, maintaining Buy ratings.
