Capital One Financial Research analysts raise earnings estimates for NexTier Oilfield Solutions Inc. (NYSE: NEX)


NextTier Oilfield Solutions Inc. (NYSE: NEXGet a rating) – Capital One Financial analysts raised their fiscal 2022 earnings estimates for NexTier Oilfield Solutions shares in a report released Thursday, June 16. Capital One Financial analyst L. Lemoine now expects the company to post earnings per share of $1.28 for the year, up from its previous forecast of $0.94. NexTier Oilfield Solutions’ current annual earnings consensus estimate is $0.97 per share. Capital One Financial also released NexTier Oilfield Solutions earnings estimates for Q4 2022 at $0.46, Q1 2023 earnings at $0.45, Q2 2023 earnings at $0.47, Q3 earnings 2023 at $0.49, Q4 2023 earnings at $0.35, and FY2023 earnings at $1.75 EPS.

Several other equity research analysts have also recently weighed in on the stock. Susquehanna raised its price target on NexTier Oilfield Solutions shares from $7.70 to $9.00 and gave the stock a “neutral” rating in a Friday, March 4 research report. Barclays raised its price target on NexTier Oilfield Solutions shares from $9.00 to $15.00 in a Monday May 2 research report. TheStreet upgraded shares of NexTier Oilfield Solutions from a “d+” rating to a “c” rating in a Tuesday, February 22 research note. Susquehanna Bancshares raised its price target on NexTier Oilfield Solutions shares from $7.70 to $9.00 and gave the stock a “neutral” rating in a Friday, March 4 research note. Finally, Piper Sandler raised her price target on NexTier Oilfield Solutions shares from $12.75 to $15.00 and gave the company a “neutral” rating in a Wednesday, June 1 research note. Four analysts have rated the stock with a hold rating and three have assigned the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.00.

Shares of NEX Stock opened at $9.23 on Monday. NexTier Oilfield Solutions has a 12-month low of $3.06 and a 12-month high of $12.50. The company has a debt ratio of 0.68, a current ratio of 1.09 and a quick ratio of 1.00. The company has a market capitalization of $2.25 billion, a P/E ratio of -34.18 and a beta of 2.12. The company’s fifty-day moving average price is $10.74 and its two-hundred-day moving average price is $8.04.

NextTier Oilfield Solutions (NYSE: NEXGet a rating) last reported results on Wednesday, April 27. The company reported earnings per share of $0.05 for the quarter. NexTier Oilfield Solutions recorded a negative net margin of 3.07% and a negative return on equity of 9.81%. The company posted revenue of $635.04 million for the quarter, versus analyst estimates of $569.97 million.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in NexTier Oilfield Solutions by 65.2% in Q1. Bank of America Corp DE now owns 256,180 shares of the company worth $2,368,000 after acquiring an additional 101,065 shares in the last quarter. Walleye Capital LLC bought a new position in NexTier Oilfield Solutions in the first quarter worth approximately $330,000. Alyeska Investment Group LP bought a new position in NexTier Oilfield Solutions in the first quarter, valued at around $991,000. Quantbot Technologies LP bought a new position in NexTier Oilfield Solutions in the first quarter worth approximately $920,000. Finally, Royal Bank of Canada increased its equity stake in NexTier Oilfield Solutions to 76.4% in the first quarter. Royal Bank of Canada now owns 66,041 shares of the company valued at $610,000 after buying an additional 28,605 shares in the last quarter. Hedge funds and other institutional investors own 80.49% of the company’s shares.

Separately, director James Carl Stewart sold 57,500 shares in a transaction dated Friday, June 3. The shares were sold at an average price of $12.00, for a total transaction of $690,000.00. Following the completion of the sale, the administrator now owns 2,276,867 shares of the company, valued at approximately $27,322,404. The sale was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Additionally, major shareholder Keane Investor Holdings Llc sold 7,000,000 shares in a trade dated Tuesday, May 3. The stock was sold at an average price of $10.80, for a total transaction of $75,600,000.00. Following the sale, the insider now owns 32,330,828 shares of the company, valued at approximately $349,172,942.40. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 7,197,690 shares of the company valued at $77,924,360. 12.50% of the shares are held by insiders.

Company Profile NextTier Oilfield Solutions (Get a rating)

NexTier Oilfield Solutions Inc, through its subsidiaries, provides well completion and production services in a variety of active and demanding basins. The Company operates through two segments, Completion Services and Well Construction and Intervention Services. The Completion Services segment offers hydraulic fracturing services to enhance oil and natural gas production from low-permeability, flow-restricted hydrocarbon formations; wireline services; and drilling, pumping, pipe salvage, pressure pumping, well installation and pressure testing services.

Featured articles

Earnings history and estimates for NexTier Oilfield Solutions (NYSE: NEX)



Receive daily news and reviews for NexTier Oilfield Solutions – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for NexTier Oilfield Solutions and related companies with MarketBeat.com’s free daily email newsletter.