National Energy Services CEO Sherif Foda sells $3.5M in shares

it.investing.com (Italian)

Sherif Foda, CEO of National Energy Services Reunited Corp., sold 100,000 shares at $35 each on August 31, 2026, totaling $3.5 million, with the stock trading near its 52-week high at $96.56. On September 2, Foda also transferred 675,000 shares as a gift to his spouse at $0 per share, while disclaiming beneficial ownership except for any economic interest. InvestingPro analysis suggests the stock is undervalued, with analysts forecasting $5.55 EPS for fiscal 2026. The company recently beat Q2 2026 expectations with adjusted EPS of $0.44 on record revenue of $520.8 million, up 59.1% year-over-year. BTIG raised its price target to $40, citing increased Saudi Arabia activity.


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National Energy Services CEO Sherif Foda sells $3.5M in shares | News Minimalist