{
  "id": 5221914,
  "title": "National energy services CEO Sherif Foda sells $3.5m in shares",
  "url": "https://urgent.news/2026/09/03/national-energy-services-ceo-sherif-foda-sells-3-5m-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T02:01:01.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/national-energy-services-ceo-sherif-foda-sells-35m-in-shares-93CH-4886925"
  },
  "original_language": "en",
  "account": null,
  "summary": "National Energy Services Reunited Corp. (NESR) CEO Sherif Foda sold 100,000 shares of the company's stock for $35 per share on August 31, 2026, totaling $3.5 million. This sale occurred as the stock price was nearing its 52-week high of $96.56. Following this transaction, Foda gifted 675,000 shares to his spouse at a price of $0.00 per share, which was then indirectly transferred to his spouse. The company reported stronger-than-expected second-quarter 2026 results, with adjusted earnings of $0.44 per share on revenue of $520.8 million. This surpassed analysts' estimates of $0.3484 per share and $448.5 million in revenue, marking a 59.1% increase compared to the previous year and a 28.7% increase from the first quarter. BTIG raised its price target for NESR shares to $40 from $32, maintaining a Buy rating, citing increased activity in Saudi Arabia.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}