NESR Stock Rises on Favorable Oil-Price Environment and Contract Wins

National Energy Services Reunited (NESR) stock has skyrocketed 204.5% over the past year, outperforming its industry by a significant margin.

The company's strong operating backdrop, recent contract wins, expanding technology capabilities, and robust earnings-growth expectations provide support for its higher valuation.

NESR is trading at a premium to the broader industry, with an Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EBITDA) multiple of 10.52X, compared to the industry average of 8.95X.

The oil-pricing environment remains favorable for NESR, with WTI crude expected to average $84.65 per barrel in 2026, a significant increase from $65.40 in 2025.