-$0.09 EPS Expected for Nextdecade Corp (NEXT) This Quarter

Analysts predict that Nextdecade Corp (NASDAQ:NEXT) will report earnings of ($0.09) per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Nextdecade’s earnings, with estimates ranging from ($0.17) to ($0.05). The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Nextdecade will report full year earnings of ($0.37) per share for the current year, with EPS estimates ranging from ($0.46) to ($0.29). For the next financial year, analysts forecast that the firm will post earnings of ($0.55) per share, with EPS estimates ranging from ($0.94) to ($0.19). Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Nextdecade.

A number of equities research analysts have recently commented on NEXT shares. Zacks Investment Research raised shares of Nextdecade from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research note on Thursday, November 8th. Scotiabank started coverage on shares of Nextdecade in a research note on Friday, February 8th. They issued a “sector perform” rating on the stock. Finally, Wolfe Research started coverage on shares of Nextdecade in a research note on Tuesday, November 13th. They issued an “underperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Nextdecade has an average rating of “Hold” and a consensus price target of $6.90.

Shares of NASDAQ:NEXT traded down $0.09 during trading on Friday, reaching $3.49. The stock had a trading volume of 20,393 shares, compared to its average volume of 39,123. Nextdecade has a 52 week low of $3.15 and a 52 week high of $7.53.

Several large investors have recently bought and sold shares of NEXT. York Capital Management Global Advisors LLC boosted its stake in shares of Nextdecade by 1.3% in 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 during the last quarter. BlackRock Inc. bought a new stake in shares of Nextdecade in the 2nd quarter valued at $2,531,000. Perella Weinberg Partners Capital Management LP boosted its stake in shares of Nextdecade by 10.6% in the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 1,527,369 shares of the company’s stock valued at $8,248,000 after purchasing an additional 146,009 shares during the last quarter. Verition Fund Management LLC boosted its stake in Nextdecade by 422.8% during the third quarter. Verition Fund Management LLC now owns 135,919 shares of the company’s stock worth $768,000 after acquiring an additional 109,919 shares in the last quarter. Finally, Valinor Management L.P. boosted its stake in Nextdecade by 0.5% during the third quarter. Valinor Management L.P. now owns 19,551,334 shares of the company’s stock worth $110,465,000 after acquiring an additional 94,021 shares in the last quarter. 87.30% of the stock is currently owned by 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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