QM · rank #13 · 2026-10-22
NESR
NASDAQ · $2.13B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +222.20% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +9.4% |
| Profit margin Net profit margin, trailing 12 months. | +5.8% |
| Market cap (USD) Size filter: > $500M required. | $2.13B |
| Anchor (recent) Close on 2026-09-22 | $33.09 |
| Anchor (far) Close on 2025-09-22 | $10.27 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
NESR is a MENA-focused oilfield-services company serving national oil companies across Saudi Arabia, Kuwait, Oman, Egypt, and North Africa with drilling, stimulation, production, and emerging lithium-extraction services.
Rationale
The momentum_12_1 signal of 2.22 is reinforced by concrete fundamental drivers—59% YoY revenue growth, a record Q2, active Saudi Jafurah fracturing ramp, and ~$500M in newly awarded Kuwait and Aramco contracts—giving the price trend operational substance rather than pure sentiment.
Material risks
- 1Single-customer concentration at 49% of 2025 revenue means any slowdown, internalization of fracturing capability, or contract renegotiation by that one NOC customer (almost certainly Saudi Aramco) would immediately invalidate both the quality and momentum legs of this thesis.
- 2The $210–215M 2026 capex commitment against a $2.0B revenue guide leaves limited margin for execution slippage on the Jafurah fleet ramp; cost overruns or customer-paced delays could compress free cash flow and erode the quality signal before momentum reverses.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.