Analyst Assumes Coverage of National Energy Services Reunited (NESR) with 'Buy' Rating

The share price of National Energy Services Reunited Corp. (NASDAQ:NESR) surged by 12.33% between January 16 and January 23, 2026, putting it among the Energy Stocks that Gained the Most This Week.

National Energy Services Reunited Corp. (NASDAQ:NESR) provides oilfield services in the Middle East and North Africa region.

On January 21, UBS analyst Josh Silverstein initiated coverage of National Energy Services Reunited Corp. (NASDAQ:NESR) with a ‘Buy’ rating and a price target of $25, indicating an upside of over 22% from the current levels. The analyst praised the company’s ‘stable growth’ across the Middle East and North Africa region and sees it benefiting from the recovery in Saudi activity. UBS also highlighted the recent 5-year, multi-billion-dollar Jafurah contract that NESR secured from Saudi Aramco. The analyst expects these developments to drive the company’s sales and EBITDA growth above market estimates.

Moreover, earlier on January 12, Maxim raised its price target on National Energy Services Reunited Corp. (NASDAQ:NESR) from $20 to $30, while maintaining a ‘Buy’ rating on the shares. The analyst expressed confidence in NESR’s position as the leading hydraulic fracturing company in the Middle East, where it expects the company to complete up to 68 fracturing stages per day at the Jafurah project in Saudi Arabia – significantly up from the peak of 32 frac stages per day in June 2025. Moreover, Maxim expects the recent developments in Iran and Venezuela to cause a spike in demand for a consistent oil supply from Saudi Arabia, which happens to be the company’s largest revenue source.

While we acknowledge the potential of NESR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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