NexTier Oilfield Solutions (NYSE:NEX) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of NexTier Oilfield Solutions (NYSE:NEX – Get Rating) in a research note issued to investors on Thursday. The firm issued a strong-buy rating on the stock.

Other analysts also recently issued reports about the stock. Raymond James initiated coverage on shares of NexTier Oilfield Solutions in a report on Friday, December 9th. They issued a strong-buy rating and a $19.00 price target for the company. Susquehanna reissued a neutral rating and issued a $10.00 price target on shares of NexTier Oilfield Solutions in a report on Tuesday, March 14th. Morgan Stanley reduced their price target on shares of NexTier Oilfield Solutions from $13.00 to $12.00 and set an equal weight rating for the company in a report on Wednesday, January 4th. Finally, Citigroup increased 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. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $13.59.

NexTier Oilfield Solutions Stock Performance

NYSE:NEX opened at $7.59 on Thursday. NexTier Oilfield Solutions has a 1 year low of $6.66 and a 1 year high of $12.50. The firm’s fifty day simple moving average is $9.25 and its 200 day simple moving average is $9.35. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $1.77 billion, a PE ratio of 5.98, a PEG ratio of 1.25 and a beta of 2.10.

NexTier Oilfield Solutions (NYSE:NEX – Get Rating) last posted its earnings results on Wednesday, February 15th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.13. NexTier Oilfield Solutions had a net margin of 9.71% and a return on equity of 53.82%. The business had revenue of $870.86 million for the quarter, compared to analyst estimates of $871.20 million. On average, sell-side analysts anticipate that NexTier Oilfield Solutions will post 2.48 EPS for the current year.

Hedge Funds Weigh In On NexTier Oilfield Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. C M Bidwell & Associates Ltd. bought a new position in shares of NexTier Oilfield Solutions during the 3rd quarter worth about $33,000. Harbor Investment Advisory LLC acquired a new stake in shares of NexTier Oilfield Solutions during the 4th quarter worth about $36,000. Captrust Financial Advisors increased its position in shares of NexTier Oilfield Solutions by 42.9% during the 2nd quarter. Captrust Financial Advisors now owns 4,066 shares of the company’s stock worth $39,000 after purchasing an additional 1,221 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of NexTier Oilfield Solutions by 52.7% during the 2nd quarter. Macquarie Group Ltd. now owns 6,831 shares of the company’s stock worth $65,000 after purchasing an additional 2,357 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of NexTier Oilfield Solutions during the 4th quarter worth about $68,000. 76.09% of the stock is owned by institutional investors.

About NexTier Oilfield Solutions

(Get Rating)

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.