NexTier Oilfield Solutions (NEX:NYE) is set to release its Q4 earnings data on Wednesday, February 15th, after the market closes. Analysts predict the company to announce earnings per share of $0.43.
Nextier Stock Price Performance:
Shares of Nextier stock started trading at $9.34 on Wednesday, with a market cap of $2.29 billion, a P/E ratio of 12.13, and a beta of 2.10. The company’s financials show a current ratio of 1.30, a quick ratio of 1.21, and a debt-to-equity ratio of 0.48.
Nextier stock has seen a low of $6.16 in the last 12 months and a high of $12.50. The 50-day simple moving average for the NEX stock is $9.30 and its 200-day simple moving average is $9.36.
Hedge Funds & Institutional Holdings:
Institutional investors and hedge funds, including Captrust Financial Advisors, Macquarie Group Ltd., Federated Hermes Inc., Prelude Capital Management LLC, and Royal Bank of Canada, have made changes to their positions in the company, with institutional investors owning 76.09% of NEX’s stock.
Nextier Stock-Analyst Ratings:
Morgan Stanley reduced their price target, while Barclays increased their price objective. Raymond James initiated coverage on Nextier stock and gave a “strong-buy” rating with a $19.00 price target. StockNews.com upgraded the company to a “buy” rating. The consensus among analysts is a “Strong Buy” rating with an average target price of $14.92.
NexTier Oilfield Solutions Inc., through its subsidiaries, provides well-completion and production services in various active and demanding basins. The company operates through two segments, Completion Services, and Well Construction and Intervention Services.
The company serves integrated and large independent oil and natural gas exploration and production companies in the United States and internationally. NexTier Oilfield Solutions Inc. was founded in 1973 and is headquartered in Houston, Texas.