NexTier Oilfield Options Inc. (NYSE:NEX – Get Rating)’s inventory worth gapped down previous to buying and selling on Wednesday after Morgan Stanley lowered their worth goal on the inventory from $13.00 to $12.00. The inventory had beforehand closed at $8.49, however opened at $8.29. Morgan Stanley at present has an equal weight score on the inventory. NexTier Oilfield Options shares final traded at $8.38, with a quantity of 8,451 shares buying and selling fingers.
Different equities analysis analysts have additionally not too long ago issued analysis studies concerning the firm. TheStreet raised NexTier Oilfield Options from a “c” score to a “b-” score in a analysis word on Friday, October twenty first. Piper Sandler reiterated an “obese” score and set a $12.00 goal worth on shares of NexTier Oilfield Options in a analysis report on Friday, October seventh. Raymond James started protection on shares of NexTier Oilfield Options in a report on Friday, December ninth. They issued a “strong-buy” score and a $19.00 worth goal for the corporate. Barclays lifted their worth goal on shares of NexTier Oilfield Options from $17.00 to $18.00 and gave the corporate an “obese” score in a analysis word on Friday, October twenty eighth. Lastly, StockNews.com raised shares of NexTier Oilfield Options from a “maintain” score to a “purchase” score in a analysis report on Thursday, October twenty seventh. 4 funding analysts have rated the inventory with a maintain score, 4 have given a purchase score and one has given a robust purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat, the corporate has a consensus score of “Average Purchase” and a mean goal worth of $13.73.
Institutional Buyers Weigh In On NexTier Oilfield Options
A number of institutional buyers have not too long ago purchased and offered shares of the inventory. Vanguard Group Inc. boosted its holdings in NexTier Oilfield Options by 0.9% throughout the third quarter. Vanguard Group Inc. now owns 20,093,144 shares of the corporate’s inventory value $148,690,000 after buying an extra 172,678 shares over the last quarter. FMR LLC grew its place in NexTier Oilfield Options by 67.2% within the 2nd quarter. FMR LLC now owns 10,792,691 shares of the corporate’s inventory value $102,639,000 after buying an extra 4,336,990 shares within the final quarter. Dimensional Fund Advisors LP elevated its stake in NexTier Oilfield Options by 4.1% within the third quarter. Dimensional Fund Advisors LP now owns 6,365,085 shares of the corporate’s inventory valued at $47,102,000 after shopping for an extra 252,486 shares over the last quarter. State Avenue Corp lifted its place in shares of NexTier Oilfield Options by 21.3% throughout the 1st quarter. State Avenue Corp now owns 5,517,089 shares of the corporate’s inventory value $50,978,000 after shopping for an extra 967,240 shares within the final quarter. Lastly, Aristotle Capital Boston LLC boosted its stake in shares of NexTier Oilfield Options by 1.9% within the 2nd quarter. Aristotle Capital Boston LLC now owns 3,824,083 shares of the corporate’s inventory value $36,367,000 after shopping for an extra 69,808 shares over the last quarter. Institutional buyers personal 76.09% of the corporate’s inventory.
NexTier Oilfield Options Buying and selling Down 0.5 %
The corporate has a debt-to-equity ratio of 0.48, a present ratio of 1.30 and a fast ratio of 1.21. The corporate has a market capitalization of $2.07 billion, a P/E ratio of 10.97 and a beta of two.07. The agency has a fifty day shifting common worth of $9.78 and a 200-day shifting common worth of $9.29.
NexTier Oilfield Options (NYSE:NEX – Get Rating) final introduced its quarterly earnings knowledge on Tuesday, October twenty fifth. The corporate reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The agency had income of $896.01 million throughout the quarter, in comparison with the consensus estimate of $921.72 million. NexTier Oilfield Options had a return on fairness of 38.98% and a web margin of 6.69%. On common, equities analysis analysts anticipate that NexTier Oilfield Options Inc. will put up 1.32 earnings per share for the present yr.
About NexTier Oilfield Options
NexTier Oilfield Options Inc, by its subsidiaries, gives effectively completion and manufacturing providers in varied energetic and demanding basins. The corporate operates by two segments, Completion Providers, and Nicely Building and Intervention Providers. The Completion Providers section affords hydraulic fracturing providers to reinforce manufacturing of oil and pure fuel from formations with low permeability and restricted circulation of hydrocarbons; wireline providers; and perforating, pumpdown, pipe restoration, stress pumping, and wellsite make-up and stress testing providers.
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