NexTier Oilfield Solutions Inc. (NYSE:NEX) – Analysts at Capital One Financial raised their Q4 2019 earnings per share (EPS) estimates for NexTier Oilfield Solutions in a research report issued to clients and investors on Wednesday, December 11th. Capital One Financial analyst L. Lemoine now forecasts that the company will post earnings per share of ($0.27) for the quarter, up from their previous forecast of ($0.29). Capital One Financial also issued estimates for NexTier Oilfield Solutions’ Q1 2020 earnings at ($0.31) EPS, Q2 2020 earnings at ($0.22) EPS, Q3 2020 earnings at ($0.16) EPS, Q4 2020 earnings at ($0.19) EPS, FY2020 earnings at ($0.88) EPS and FY2021 earnings at ($1.07) EPS.
Other research analysts have also recently issued reports about the company. Citigroup began coverage on NexTier Oilfield Solutions in a research report on Wednesday, November 27th. They set a “buy” rating and a $5.80 price target for the company. Morgan Stanley reiterated an “overweight” rating and set a $12.00 price target on shares of NexTier Oilfield Solutions in a research report on Wednesday, November 13th. Credit Suisse Group began coverage on NexTier Oilfield Solutions in a research report on Tuesday, December 3rd. They set a “neutral” rating and a $6.00 price target for the company. JPMorgan Chase & Co. began coverage on NexTier Oilfield Solutions in a research report on Monday, December 2nd. They set an “overweight” rating and a $9.00 price target for the company. Finally, Zacks Investment Research cut NexTier Oilfield Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $8.26.
Shares of NEX stock opened at $6.37 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.79 and a quick ratio of 1.69. The company has a market cap of $1.24 billion, a P/E ratio of 6.92 and a beta of 1.38. NexTier Oilfield Solutions has a twelve month low of $4.05 and a twelve month high of $12.50.
An institutional investor recently bought a new position in NexTier Oilfield Solutions stock. Public Employees Retirement System of Ohio acquired a new stake in NexTier Oilfield Solutions Inc. (NYSE:NEX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,685 shares of the company’s stock, valued at approximately $156,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.
NexTier Oilfield Solutions Company Profile
NexTier Oilfield Solutions Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.
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