NexTier Oilfield Solutions Inc. (NYSE:NEX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of NexTier Oilfield Solutions Inc. (NYSE:NEXGet Rating) have been given an average rating of “Moderate Buy” by the thirteen research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.73.

Several research analysts have issued reports on the company. Piper Sandler restated an “overweight” rating and set a $12.00 target price on shares of NexTier Oilfield Solutions in a research report on Friday, October 7th. Morgan Stanley lowered their price target on NexTier Oilfield Solutions from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, January 4th. Raymond James assumed coverage on NexTier Oilfield Solutions in a report on Friday, December 9th. They issued a “strong-buy” rating and a $19.00 price target for the company. TheStreet upgraded NexTier Oilfield Solutions from a “c” rating to a “b-” rating in a report on Friday, October 21st. Finally, Barclays boosted their price objective on shares of NexTier Oilfield Solutions from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, October 28th.

NexTier Oilfield Solutions Trading Down 2.1 %

Shares of NEX stock opened at $8.87 on Wednesday. NexTier Oilfield Solutions has a 12-month low of $5.11 and a 12-month high of $12.50. The company has a current ratio of 1.30, a quick ratio of 1.21 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average price is $9.49 and its 200-day moving average price is $9.30. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 11.52 and a beta of 2.06.

NexTier Oilfield Solutions (NYSE:NEXGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. NexTier Oilfield Solutions had a return on equity of 38.98% and a net margin of 6.69%. The company had revenue of $896.01 million for the quarter, compared to analysts’ expectations of $921.72 million. Equities research analysts predict that NexTier Oilfield Solutions will post 1.33 EPS for the current fiscal year.

Institutional Investors Weigh In On NexTier Oilfield Solutions

Hedge funds have recently modified their holdings of the company. Harbor Investment Advisory LLC purchased a new stake in shares of NexTier Oilfield Solutions during the 4th quarter worth about $36,000. Captrust Financial Advisors lifted its stake in NexTier Oilfield Solutions by 42.9% in the 2nd quarter. Captrust Financial Advisors now owns 4,066 shares of the company’s stock valued at $39,000 after buying an additional 1,221 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in NexTier Oilfield Solutions in the 3rd quarter valued at about $33,000. Macquarie Group Ltd. lifted its stake in NexTier Oilfield Solutions by 52.7% in the 2nd quarter. Macquarie Group Ltd. now owns 6,831 shares of the company’s stock valued at $65,000 after buying an additional 2,357 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its stake in NexTier Oilfield Solutions by 132.3% in the 2nd quarter. Eagle Bay Advisors LLC now owns 7,816 shares of the company’s stock valued at $74,000 after buying an additional 4,452 shares in the last quarter. 76.09% of the stock is owned by hedge funds and other institutional investors.

About NexTier Oilfield Solutions

(Get Rating)

NexTier Oilfield Solutions, Incis an oilfield service company. It offers completion solutions, hydraulic fracturing, wire line, pump down, coiled tubing, cementing, rig services, special services, and fluids management services. The company operates through the following segments: Completion Services, Well Construction and Intervention Services, and Well Support Services.

Further Reading

Analyst Recommendations for NexTier Oilfield Solutions (NYSE:NEX)

Receive News & Ratings for NexTier Oilfield Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexTier Oilfield Solutions and related companies with MarketBeat.com's FREE daily email newsletter.