Nuverra Environmental Solutions (NYSEAMERICAN:NES) Trading 11.4% Higher

Nuverra Environmental Solutions, Inc. (NYSEAMERICAN:NESGet Rating) shares were up 11.4% during mid-day trading on Monday . The company traded as high as $2.23 and last traded at $2.15. Approximately 249,200 shares were traded during trading, a decline of 78% from the average daily volume of 1,113,275 shares. The stock had previously closed at $1.93.

The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $34.40 million, a PE ratio of -1.32 and a beta of 1.43.

Several institutional investors and hedge funds have recently made changes to their positions in NES. Goldman Sachs Group Inc. purchased a new position in shares of Nuverra Environmental Solutions during the fourth quarter worth approximately $289,000. Credit Suisse AG purchased a new position in shares of Nuverra Environmental Solutions during the fourth quarter worth approximately $135,000. Finally, Citadel Advisors LLC purchased a new position in shares of Nuverra Environmental Solutions during the third quarter worth approximately $29,000. Institutional investors and hedge funds own 89.14% of the company’s stock.

Nuverra Environmental Solutions Company Profile (NYSEAMERICAN:NES)

Nuverra Environmental Solutions, Inc engages in the development and ongoing production of oil and natural gas from shale formations. It operates through the following segments: Rocky Mountain, Northeast, Southern, and Corporate and Other. The Rocky Mountain segment includes the Bakken shale area. The Northeast segment is comprised of the Marcellus and Utica shale areas.

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