• NESR is trading 7.2% up at $29.77 in after-hours sessions, extending recent strength and nearing its 52-week high of $30.31.
  • This significant move follows a recent price target increase by UBS to $36 from $32 on June 30, with the firm maintaining a Buy rating and citing accelerating Jafurah activity expected to boost Q2 revenue and EBITDA.
  • Analysts express a bullish consensus, with NESR considered 13.3% undervalued at a fair value of $31.86 and all 7 Wall Street analysts rating the stock a "Strong Buy".