Equities research analysts expect NexTier Oilfield Solutions Inc. (NYSE:NEX) to report earnings per share of ($0.20) for the current quarter, Zacks reports. Three analysts have made estimates for NexTier Oilfield Solutions’ earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.30). NexTier Oilfield Solutions posted earnings of $0.11 per share during the same quarter last year, which indicates a negative year over year growth rate of 281.8%. The business is expected to report its next quarterly earnings report on Monday, February 24th.
According to Zacks, analysts expect that NexTier Oilfield Solutions will report full-year earnings of ($0.29) per share for the current year, with EPS estimates ranging from ($0.85) to ($0.09). For the next financial year, analysts forecast that the firm will report earnings of ($0.21) per share, with EPS estimates ranging from ($0.91) to $0.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover NexTier Oilfield Solutions.
NEX has been the topic of several analyst reports. Credit Suisse Group began coverage on NexTier Oilfield Solutions in a research report on Tuesday. They set a “neutral” rating and a $6.00 target price on the stock. ValuEngine downgraded NexTier Oilfield Solutions from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Zacks Investment Research lowered shares of NexTier Oilfield Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Co boosted their price objective on shares of NexTier Oilfield Solutions from $8.00 to $8.50 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $12.00 target price on shares of NexTier Oilfield Solutions in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $8.26.
A hedge fund recently bought a new stake in NexTier Oilfield Solutions stock. Public Employees Retirement System of Ohio bought a new stake in shares of NexTier Oilfield Solutions Inc. (NYSE:NEX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,685 shares of the company’s stock, valued at approximately $156,000. Institutional investors own 88.40% of the company’s stock.
Shares of NexTier Oilfield Solutions stock traded up $0.36 on Friday, reaching $5.50. The company had a trading volume of 2,133,664 shares, compared to its average volume of 1,438,059. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 5.98 and a beta of 1.37. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.69 and a current ratio of 1.79. NexTier Oilfield Solutions has a 1 year low of $4.05 and a 1 year high of $12.50.
About NexTier Oilfield Solutions
NexTier Oilfield Solutions Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.
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