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National Energy Services Reunited Corp (NESR) Options Positioning, Max Pain & Unusual Sweeps

$20.97 -1.59% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $20.87

National Energy Services Reunited Corp (NESR) carries a Roarable Rating of D+ (Sell) with 52/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ • SELL / AVOID Cap $2.15B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is NESR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, National Energy Services Reunited Corp (NASDAQ: NESR) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 52/100 at a spot price of $20.97 (-1.59% 1D, market cap $2.15B). Pillar breakdown: Fundamental Cash Engine 13/20, Institutional 13F & Options Flow 5/20, Executive Insider Alignment 11/20, FRED Macro Regime Fit 11/20, and SEC Balance-Sheet Forensics 12/20. Across 211 tracked Energy issuers, NESR ranks #123 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does NESR compare to XPRO and WTTR in the Energy sector?
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Within the Energy sector (Oilfield Services/Equipment), NESR carries a Roarable D+ (52/100 RQD), trailing P/E of 42.3x, gross margin of 12.4%, and ROIC of 7.5%. By comparison, XPRO (Expro Ltd) holds a D+ grade (57/100 RQD, P/E N/A, ROIC —, cap $1.96B) and WTTR (Select Water Solutions Inc. (Class A)) posts a D grade (44/100 RQD, P/E 130.0x, ROIC 2.1%, cap $2.73B). Among the 5-stock peer group, LBRT leads on earnings multiple (19.2x) while NESR leads on capital efficiency (7.5% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for NESR?
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Per NESR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001698514), National Energy Services Reunited Corp generated $1.32B in revenue (+1.7% YoY), $51.1M in net income, and $264.2M in free cash flow against $1.85B in total assets and $191.4M in total debt. Key quantitative strengths: Established market leader in Energy with deep daily trading liquidity.. Primary risk factors monitored: Priced at 42x earnings—high expectations leave less room for a lukewarm quarter.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $20.87 (-0.48%)🧬 Cannibal Buyback (-1.24% YoY Shares)⚙️ Cash Engine: 13/20 (C) • 20% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 52/100 (D+) historically posted market-perform odds over rolling 90-day windows (-1.1% avg 90D alpha vs SPY • 50.1% hit rate — wait for RQD ≥ 70 breakout).
Audit Bucket Track Record →
RQD QUANT TACHOMETERSELL / AVOID • D+
025507510052
JEV AI Jury Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk D+
Cash (13)Whales (5)SEC (11)Macro (11)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE-2.7% Base Target
$39 Bull$20 Base$16 Bear
📬 FREE NESR RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for NESR)Realized 20D OHLCV Swing Band: ±12.3%
Deterministic 5-Pillar Attribution (52/100 Composite)
🔍 WHY NESR SCORES 52/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Cash Engine Quality+13/20 pts (25% of score)

SEC XBRL FY 2025 (10-K): 20% FCF Margin ($264.2M FCF) & 12.4% Gross Margin

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+12/20 pts (23% of score)

SEC Form 4 / 13F Thermometer: 60% Net Buy • Cannibal Buyback (-1.24% YoY Shares)

▼ #1 Drag / Risk Factor: Whale & Options Positioning5/20 pts (-15 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-15 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
60
Grade C$21.03+0.3% Next Q
Q2 (-2Q)
57
Grade C$21.09+0.3% Next Q
Q3 (-1Q)
55
Grade C$21.16-0.9% Next Q
Current
52
Grade D+$20.97-1.1% Hist 90D α
Trajectory: C (60) → D+ (52)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a NESR Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While NESR currently carries a cautious 52/100 (D+) rating due to Whale & Options Positioning (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Energy with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($27.41) and Max Pain ($22.02) forces dealer call-delta covering toward $38.79.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Cannibal Buyback (-1.24% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $NESR• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “NESR Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 52%NO 48%Trade / Inspect Odds →
CALL VS. PUT WHALE SHARE
— (No Active Options Snapshot)
Put/Call Ratio: — (No Active Options Snapshot)
MAX-PAIN EXPIRATION MAGNET
— (No Active Options Snapshot)
No active options chain max-pain snapshot on file
HISTORICAL 20D VOLATILITY SWING
±12.3%
Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (NESR)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for NESR.

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring NESR)

  • ✓Walkthrough of NESR's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
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NESR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -13.02%📐 HORIZONTAL RANGE
2026-11-03O $21.43H $21.43L $20.97C $20.97VOL 1.48M
RES: $45.14SUP: $17.90SMA50: $27.41SMA200: $25.59
$38.44$32.21$25.98$19.75$13.52RES $45.14SUP $17.90$20.972026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NESR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 NESR Butterfly Map → + Track NESR →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
31.9%/yr Implied 5Y Growth

vs. +1.7% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on NESR today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for NESR. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for NESR today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (NESR)

Energy Rank #123 of 211 ⚔️ XPRO vs NESR Full Matrix →

1. Head-to-Head Energy Peer Comparison (NESR vs. XPRO, WTTR, LBRT, HOS)

Industry: Oilfield Services/Equipment (20 Tracked Issuers)

Across 211 tracked Energy securities in the Roarable RQD universe, National Energy Services Reunited Corp (NESR) ranks #123 by composite RQD confidence (52/100, grade D+) and #116 by equity capitalization ($2.15B). Within this direct 5-issuer industry benchmark cohort, LBRT leads on earnings valuation at 19.2x trailing P/E, while NESR leads on capital efficiency and profitability with 7.5% ROIC and 12.4% gross margin. XPRO currently holds the highest overall quantitative score in the immediate peer group at 57/100 (D+) compared with NESR at 52/100 (D+).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
NESR ACTIVE
National Energy Services Reunited Corp
D+ 52/100 42.3x 12.4% 7.5% -1.59% $2.15B Benchmark Subject
XPRO
Expro Ltd
D+ 57/100 — — — -8.05% $1.96B /xpro-vs-nesr →
WTTR
Select Water Solutions Inc. (Class A)
D 44/100 130.0x 14.4% 2.1% -7.45% $2.73B /wttr-vs-nesr →
LBRT
Liberty Energy Inc. (Class A)
D 50/100 19.2x 20.9% 2.5% -13.03% $2.75B /lbrt-vs-nesr →
HOS
Hornbeck Offshore Services Inc.
D 46/100 51.7x 12.3% 3.5% -8.90% $1.57B /hos-vs-nesr →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001698514

In its most recent audited fiscal period (FY2025, filed 2025-12-31), National Energy Services Reunited Corp (NESR) reported GAAP revenue of $1.32B (+1.7% vs. FY2024 revenue of $1.30B , and +15.5% cumulative change since FY2023) , GAAP net income of $51.1M, operating cash flow of $264.2M, and free cash flow of $264.2M (+15.2% YoY). On the balance sheet, NESR closed FY2025 with $1.85B in total assets against $191.4M in total debt (Altman Z-Score: 2.42, Piotroski F-Score: 6/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $1.32B $51.1M $264.2M $264.2M $1.85B $191.4M
FY2024 (FY) 2024-12-31 $1.30B $76.3M $229.3M $229.3M $1.77B $254.4M
FY2023 (FY) 2023-12-31 $1.15B $12.6M $177.0M $177.0M — —

3. NESR Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is NESR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, National Energy Services Reunited Corp (NASDAQ: NESR) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 52/100 at a spot price of $20.97 (-1.59% 1D, market cap $2.15B). Pillar breakdown: Fundamental Cash Engine 13/20, Institutional 13F & Options Flow 5/20, Executive Insider Alignment 11/20, FRED Macro Regime Fit 11/20, and SEC Balance-Sheet Forensics 12/20. Across 211 tracked Energy issuers, NESR ranks #123 in composite RQD confidence.

How does NESR compare to XPRO and WTTR in the Energy sector?

Within the Energy sector (Oilfield Services/Equipment), NESR carries a Roarable D+ (52/100 RQD), trailing P/E of 42.3x, gross margin of 12.4%, and ROIC of 7.5%. By comparison, XPRO (Expro Ltd) holds a D+ grade (57/100 RQD, P/E N/A, ROIC —, cap $1.96B) and WTTR (Select Water Solutions Inc. (Class A)) posts a D grade (44/100 RQD, P/E 130.0x, ROIC 2.1%, cap $2.73B). Among the 5-stock peer group, LBRT leads on earnings multiple (19.2x) while NESR leads on capital efficiency (7.5% ROIC).

What are the biggest fundamental strengths and SEC risk factors for NESR?

Per NESR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001698514), National Energy Services Reunited Corp generated $1.32B in revenue (+1.7% YoY), $51.1M in net income, and $264.2M in free cash flow against $1.85B in total assets and $191.4M in total debt. Key quantitative strengths: Established market leader in Energy with deep daily trading liquidity.. Primary risk factors monitored: Priced at 42x earnings—high expectations leave less room for a lukewarm quarter.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is NESR trading relative to its 50-day, 200-day, and 52-week technical levels?

NESR last traded at $20.97 (-1.59% on volume of 1,852,923 shares), positioning the stock -23.50% below its 50-day simple moving average ($27.41) and -18.05% below its 200-day simple moving average ($25.59). Across its 52-week range of $11.84 to $36.94, NESR sits at the 36.4% percentile with a 14-day RSI of 40.2 (NEUTRAL RANGE) and an implied next-earnings move of ±12.3% ($18.39 to $23.55).

Direct Sub-Reports: NESR RQD Cockpit NESR 12M Forecast NESR Earnings & Move NESR Dividends & DRIP NESR Insiders & 13F NESR Whale Options NESR Profit Sankey NESR News & Why
ROARABLE RATING BRIEF • RQD 52/100 (D+) ✓ SEC XBRL & RQD VERIFIED

NESR — National Energy Services Reunited Corp: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

National Energy Services Reunited Corp (NESR) earns a live Roarable RQD composite score of 52/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $20.97 (-1.59% 1D, market capitalization $2.15B).

  • Fundamental Cash Engine (13/20): Anchored by return on invested capital (ROIC) of 7.5%, gross margin of 12.4%, operating margin of 7.4%, and free cash flow yield of 12.23%.
  • Whale 13F & Options Flow (5/20) + Insider Conviction (11/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (11/20) + Forensic Balance Sheet (12/20): Incorporates a 1.00x equity beta, Altman Z-Score of 2.42, Piotroski F-Score of 6/9, and Debt/Equity of 0.20x.

2. Business Model, Unit Margins & SEC Financial Trajectory

National Energy Services Reunited Corp is a NASDAQ-listed company classified in the Energy sector, Oilfield Services/Equipment industry..2B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), National Energy Services Reunited Corp (NESR) reported $1.32B in annual revenue (up from $1.30B in FY2024, +1.7% YoY) and $51.1M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($1.15B revenue, $12.6M net income) through FY2025, NESR scaled operating cash flow to $264.2M and free cash flow to $264.2M, backed by $1.85B in total assets against $191.4M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D+ • RQD 52/100): Established market leader in Energy with deep daily trading liquidity. Free cash flow yield of 12.23% and institutional whale pillar of 5/20. With Fundamental Cash Engine at 13/20 and Institutional Whale Flow at 5/20, sustained execution supports upside toward the upper end of the $11.84 – $36.94 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Priced at 42x earnings—high expectations leave less room for a lukewarm quarter. Investors must weigh 42.3x trailing P/E and 22.7x EV/EBITDA against 7.4% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Supply_chain is "NONE" and butterfly_links is empty. — for upstream or downstream dependencies, sector correlations, or second-order bottlenecks. The only sector context in source data is the Energy / Oilfield Services/Equipment classification and the beta of 1.0.

  • Key Question #1: Can NESR sustain or expand its 7.4% operating margin and 7.5% ROIC against Oilfield Services/Equipment peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $1.32B and free cash flow of $264.2M, how will capital allocation balance growth reinvestment against $191.4M in total debt?
  • Key Question #3: How sensitive is NESR's 39.3x forward P/E multiple to Energy capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

NESR Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for National Energy Services Reunited Corp (NESR) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to NESR Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

NESR Bull vs. Bear Conversation Board — What's Your Call at $20.97?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON NESR 🐻 33% BEARISH CONVICTION
1. Pick Your Side on NESR:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
DE DeepValue_CFA RQD DEBATE OPENER • Institutional Buy-Side 🐂 BULLISH 🎯 Target: $26.64 (+25.0%)
📌 Pinned Debate

FCF yield of 12.23% and revenue growth from $1.15B to $1.32B show a company generating substantial cash relative to its market pric

Don't sleep on NESR's setup in Energy. FCF yield of 12.23% and revenue growth from $1.15B to $1.32B show a company generating substantial cash relative to its market price.. Beta of 1.0 means it moves fast when momentum turns, and the 5-pillar RQD gauge (52/100) backs up the fundamental quality.

EarningsSniper 🐂 BULL

Both sides have a point here — NESR's 11/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

ME MeanReversion_88 RQD DEBATE OPENER • Quantitative Statistical Arb 🐻 BEARISH 🎯 Target: $16.41 (-23.0%)
Spot @ $21.31

Whale 13F flow scores only 5 of 20 and the stock trades at 42.3x trailing P/E while net income fell from $76.3M to $51.1M.

I respect the product at National Energy Services Reunited Corp, but the stock at $21.31 is a different story. Whale 13F flow scores only 5 of 20 and the stock trades at 42.3x trailing P/E while net income fell from $76.3M to $51.1M.. FCF yield is 12.23% and RQD sits at 52/100 (D+) — why pay up here when you can wait for next quarter's numbers?

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