National Energy Services Reunited (NESR) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: National Energy Services Reunited (NESR) - NESR currently holds a Momentum Style Score of B, indicating a positive outlook based on its price changes and earnings estimate revisions [2] - NESR has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [3] Momentum Indicators - NESR shares have increased by 11.72% over the past week, outperforming the Zacks Oil and Gas - Mechanical and Equipment industry, which rose by 3.19% [5] - Over the past month, NESR's shares have risen by 22.89%, compared to the industry's 10.21% [5] - In the last quarter, NESR shares have surged by 53.32%, and over the past year, they have gained 103.55%, while the S&P 500 has only increased by 4.96% and 20.67%, respectively [6] Trading Volume - NESR's average 20-day trading volume is 814,795 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for NESR have been revised upwards, increasing the consensus estimate from $0.71 to $0.76 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions during the same period [9] Conclusion - NESR is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for investors seeking short-term gains [11]