National Energy Services price target raised to $13 from $11 at Piper Sandler

Piper Sandler analyst Derek Podhaizer raised the firm’s price target on National Energy Services (NESR) to $13 from $11 and keeps an Overweight rating on the shares. Saudi Arabia’s activity declines through 2025 set the tone for International deceleration with significant rig suspensions across conventional and unconventional basins, but a bottom is expected to be reached in 4Q25, the analyst tells investors in a research note.