Why National Energy Stock Climbed to a New All-Time High Today
The oilfield services leader delivered an exceptional performance despite ongoing conflict in its key markets.
Overview
Shares of National Energy Services Reunited (NASDAQ: NESR) surged to a record high on Monday after the oil and gas field operator reported a massive increase in profits.
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NESR's second-quarter revenue jumped 59% year over year to $521 million, driven by higher demand for its hydraulic fracturing and well testing services.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.