Swiss National Bank Grows Stock Holdings in NexTier Oilfield Solutions Inc. (NYSE:NEX)

Swiss National Bank lifted its position in shares of NexTier Oilfield Solutions Inc. (NYSE:NEX – Get Rating) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 471,633 shares of the company’s stock after buying an additional 8,700 shares during the quarter. Swiss National Bank’s holdings in NexTier Oilfield Solutions were worth $4,358,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in NexTier Oilfield Solutions by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 20,093,144 shares of the company’s stock valued at $148,690,000 after acquiring an additional 172,678 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in NexTier Oilfield Solutions by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,365,085 shares of the company’s stock valued at $47,102,000 after acquiring an additional 252,486 shares during the last quarter. State Street Corp increased its holdings in shares of NexTier Oilfield Solutions by 21.3% in the 1st quarter. State Street Corp now owns 5,517,089 shares of the company’s stock worth $50,978,000 after buying an additional 967,240 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of NexTier Oilfield Solutions by 3.2% in the 4th quarter. Fisher Asset Management LLC now owns 4,447,068 shares of the company’s stock worth $41,091,000 after buying an additional 138,928 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of NexTier Oilfield Solutions by 27.6% in the 4th quarter. Boston Partners now owns 4,317,224 shares of the company’s stock worth $39,936,000 after buying an additional 934,921 shares during the last quarter. 76.09% of the stock is currently owned by institutional investors.

NexTier Oilfield Solutions Price Performance

Shares of NEX opened at $8.04 on Friday. The company has a 50 day moving average price of $7.99 and a 200-day moving average price of $8.99. NexTier Oilfield Solutions Inc. has a fifty-two week low of $6.66 and a fifty-two week high of $12.50. The stock has a market capitalization of $1.85 billion, a PE ratio of 3.50, a PEG ratio of 1.26 and a beta of 2.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.11 and a current ratio of 1.21.

NexTier Oilfield Solutions (NYSE:NEX – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. NexTier Oilfield Solutions had a net margin of 15.80% and a return on equity of 63.92%. The firm had revenue of $935.67 million during the quarter, compared to analysts’ expectations of $926.41 million. Equities analysts predict that NexTier Oilfield Solutions Inc. will post 2.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America downgraded shares of NexTier Oilfield Solutions from a “neutral” rating to an “underperform” rating and set a $8.50 target price on the stock. in a report on Tuesday, April 18th. Piper Sandler reduced their target price on shares of NexTier Oilfield Solutions from $14.00 to $13.00 in a report on Monday, May 1st. Susquehanna reduced their target price on shares of NexTier Oilfield Solutions from $10.00 to $8.90 in a report on Monday, April 3rd. StockNews.com started coverage on shares of NexTier Oilfield Solutions in a report on Thursday. They issued a “buy” rating on the stock. Finally, Citigroup upped their price target on shares of NexTier Oilfield Solutions from $12.00 to $12.50 and gave the company a “buy” rating in a report on Friday, February 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NexTier Oilfield Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $13.54.

NexTier Oilfield Solutions Company Profile

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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.