🟢 NESR is trading 9% up today after strong Q1 results, raised guidance, and Saudi Aramco contract optimism

NESR is trading 9% up at $30.27 in pre-market, extending a sharp move toward 52-week highs following robust Q1 results and raised financial forecasts.

• The company reported strong quarterly earnings and increased its revenue and earnings guidance for the year, citing significant energy security tailwinds.
• Investor enthusiasm is driven by a multi-billion-dollar Saudi Aramco Jafurah contract and a series of bullish analyst price target increases into the low-to-mid $30s.
• The pre-market jump continues momentum from an after-hours rally as the company capitalizes on expanding regional energy projects.