Brokerages Set Nextdecade Corp (NEXT) PT at $6.67

Nextdecade Corp (NASDAQ:NEXT) has received a consensus rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $6.67.

A number of research firms have issued reports on NEXT. ValuEngine raised shares of Nextdecade from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. Stifel Nicolaus set a $8.00 target price on shares of Nextdecade and gave the company a “hold” rating in a report on Saturday, August 11th. Zacks Investment Research lowered shares of Nextdecade from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Cowen set a $9.00 target price on shares of Nextdecade and gave the company a “buy” rating in a report on Tuesday, August 7th. Finally, Wolfe Research assumed coverage on shares of Nextdecade in a report on Tuesday, November 13th. They set an “underperform” rating for the company.

NEXT traded up $0.07 during trading on Thursday, reaching $5.03. 78,056 shares of the company’s stock were exchanged, compared to its average volume of 15,660. Nextdecade has a 1 year low of $3.95 and a 1 year high of $10.29.

Several large investors have recently bought and sold shares of the company. Valinor Management L.P. increased its holdings in shares of Nextdecade by 0.5% during the 3rd quarter. Valinor Management L.P. now owns 19,551,334 shares of the company’s stock valued at $110,465,000 after purchasing an additional 94,021 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Nextdecade by 422.8% during the 3rd quarter. Verition Fund Management LLC now owns 135,919 shares of the company’s stock valued at $768,000 after purchasing an additional 109,919 shares in the last quarter. York Capital Management Global Advisors LLC increased its holdings in shares of Nextdecade by 1.3% during the 3rd quarter. York Capital Management Global Advisors LLC now owns 58,321,201 shares of the company’s stock valued at $293,647,000 after purchasing an additional 722,198 shares in the last quarter. Perella Weinberg Partners Capital Management LP increased its holdings in shares of Nextdecade by 11.5% during the 3rd quarter. Perella Weinberg Partners Capital Management LP now owns 1,381,360 shares of the company’s stock valued at $7,805,000 after purchasing an additional 142,463 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Nextdecade by 434.9% during the 2nd quarter. Northern Trust Corp now owns 85,450 shares of the company’s stock valued at $585,000 after purchasing an additional 69,474 shares in the last quarter. 86.40% of the stock is owned by hedge funds and other institutional investors.

Nextdecade Company Profile

NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 4.5 Bcf/d Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.

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Analyst Recommendations for Nextdecade (NASDAQ:NEXT)

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