BUZZ - Shares of National Energy Services Company rise, BMO initiates with "Outperform" rating

October 1 - ** National Energy Services Reunited Company (NESR.O) rose 1.85% pre-market to $25.94

** BMO (Bank of Montreal) initiated coverage of this oilfield services company with an "Outperform" rating and a target price of $39—representing about 53% upside from the current share price.

** The report noted that NESR is expanding its market share in the Middle East, a highly attractive oilfield services market; the Jafurah contract is driving faster growth.

** BMO stated: "There is still upside potential," as NESR plans to achieve annual revenue of $3 billion by the end of 2028.

** The current share price implies a forward 12-month P/E ratio of 10.35, which is below the sector median of 13.78.

** The average rating from eight analysts is "Buy"; the median target price is $44—data compiled by LSEG.

** As of the previous trading day's close, NESR shares are up 62.64% year-to-date.

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