Maxim raised the firm’s price target on National Energy Services (NESR) to $30 from $20 and keeps a Buy rating on the shares. The firm is positive on the company’s number one position in hydraulic fracturing company in the Middle East, where National Energy Services will have the crews and equipment to complete up to 68 fracturing stages per day at the Jafurah natural gas and natural gas liquids project in Saudi Arabia – more than double the June 2025 peak of 32 frac stages per day. The recent developments in Iran and Venezuela remove discounted oil from international markets and increase demand for consistent oil supply from Saudi Arabia, the company’s largest revenue source, the firm added.
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