Nesr CFO Stefan Angeli sells $476,578 in company stock

National Energy Services Reunited Corp. (NESR) Chief Financial Officer Stefan Angeli sold 13,570 shares of the company's stock on August 18, 2026, for a total of $476,578. The shares were sold at a price between $35.11 and $35.12 per share, leaving Angeli with 549,763 ordinary shares. This transaction follows NESR's 10% return over the past year, and analysts consider the stock currently undervalued.

The filing also corrected the vesting schedule for restricted stock units granted to Angeli, stating they will vest in equal annual installments over three years instead of one. Meanwhile, NESR reported stronger-than-expected Q2 2026 earnings, surpassing Wall Street estimates with adjusted earnings of $0.44 per share on $520.8 million in revenue.

This 59.1% revenue increase from the previous year marks significant growth. BTIG raised its price target for NESR shares from $32 to $40, maintaining a Buy rating, driven by increased activity in Saudi Arabia and growth from regional players such as Kuwait and Oman.