Thomas Wood - National Energy Independent Director

NESR Stock  USD 8.85  0.28  3.07%   

Director

Mr. Thomas D. Wood serves as Interim Chief Financial Officer, Principal Accounting Officer, Director of the Company. He has served as our director since our inception. He has also served as our Chief Financial Officer from our inception until October 1, 2017. He is an entrepreneur with over 35 years of experience in establishing and growing public and private companies that provide or use oil and gas contract drilling services. Since December 1990, he has served as the Chief Executive Officer of Round Up Resource Service Inc., a private investment company. Mr. Wood founded Xtreme Drilling Corporationration, an onshore drilling and coil tubing technology company, in May 2005 and served as its Executive Chairman until May 2011 and its Chief Executive Officer and Director from May 2011 through August 2016. He is the founder of Savanna Energy Services Corporationration, a North American energy services provider, where he served as the Chairman from 2001 to March 2005. He also served as Director at various companies engaged in the exploration and production of junior oil and gas, including Wrangler West Energy Corporationration from April 2001 to 2014 New Syrus Capital Corporation from 1998 to 2001 and Player Petroleum Corporation from 1997 to 2001. In addition, Mr. Wood served as the President, Drilling and Wellbore Service, of Plains Energy Services Ltd. from 1997 to 2000 and Wrangler Pressure Control from 1998 to 2001. He served as the President of RoundUp Well Servicing Inc. from 1988 to 1997 and Vice President of Shelby Drilling from 1981 to 1987 since 2017.
Age 66
Tenure 7 years
Address 777 Post Oak Boulevard, Houston, TX, United States, 77056
Phone832 925 3777
Webhttps://www.nesr.com
Wood holds a BA in Economics from University of Calgary.

National Energy Management Efficiency

The company has return on total asset (ROA) of 0.0278 % which means that it generated a profit of $0.0278 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0155 %, meaning that it created $0.0155 on every $100 dollars invested by stockholders. National Energy's management efficiency ratios could be used to measure how well National Energy manages its routine affairs as well as how well it operates its assets and liabilities. At this time, National Energy's Return On Tangible Assets are relatively stable compared to the past year. As of 12/03/2024, Return On Equity is likely to grow to 0.02, while Return On Capital Employed is likely to drop 0.05. At this time, National Energy's Intangible Assets are relatively stable compared to the past year. As of 12/03/2024, Return On Tangible Assets is likely to grow to 0.02, while Net Tangible Assets are likely to drop slightly above 159.3 M.
National Energy Services currently holds 484.75 M in liabilities with Debt to Equity (D/E) ratio of 0.47, which is about average as compared to similar companies. National Energy Services has a current ratio of 1.42, which is within standard range for the sector. Note, when we think about National Energy's use of debt, we should always consider it together with its cash and equity.

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National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. The company was incorporated in 2017 and is headquartered in Houston, Texas. National Energy operates under Oil Gas Equipment Services classification in the United States and is traded on NASDAQ Exchange. It employs 5581 people. National Energy Services (NESR) is traded on NASDAQ Exchange in USA. It is located in 777 Post Oak Boulevard, Houston, TX, United States, 77056 and employs 6,231 people. National Energy is listed under Oil & Gas Equipment & Services category by Fama And French industry classification.

Management Performance

National Energy Services Leadership Team

Elected by the shareholders, the National Energy's board of directors comprises two types of representatives: National Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of National. The board's role is to monitor National Energy's management team and ensure that shareholders' interests are well served. National Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, National Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Hani Almaimani, VP Region
Salih Merghani, Vice Operations
Blake Gendron, Vice Segment
Sherif Foda, Chairman of the Board, CEO
Dhiraj Dudeja, Chief Officer
Cathy Konwisarz, Gen Sec
Sahar Badran, Head Legal
Thomas Wood, Independent Director
Haya Kablawi, Co Controller
Stefan Angeli, Chief Officer
Chahira Barnat, Treasury Director

National Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is National Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with National Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if National Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in National Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against National Stock

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The ability to find closely correlated positions to National Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back National Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling National Energy Services to buy it.
The correlation of National Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as National Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Energy Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for National Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for National Stock Analysis

When running National Energy's price analysis, check to measure National Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy National Energy is operating at the current time. Most of National Energy's value examination focuses on studying past and present price action to predict the probability of National Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Energy's price. Additionally, you may evaluate how the addition of National Energy to your portfolios can decrease your overall portfolio volatility.