NextDecade Corporation (NASDAQ:NEXT) Given Average Rating of “Hold” by Analysts

NextDecade Corporation (NASDAQ:NEXT) has been assigned a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $8.00.

A number of equities research analysts have weighed in on the stock. Citigroup assumed coverage on shares of NextDecade in a research note on Wednesday, May 13th. They set a “buy” rating and a $11.00 price target on the stock. Morgan Stanley lifted their price target on shares of NextDecade from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. TD Cowen decreased their price target on shares of NextDecade from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Thursday, March 5th. Finally, Weiss Ratings upgraded shares of NextDecade from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, April 27th.

NextDecade Stock Performance

NASDAQ NEXT opened at $7.73 on Tuesday. The company has a debt-to-equity ratio of 3.96, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -5.77 and a beta of 1.60. The company’s fifty day moving average is $8.01 and its two-hundred day moving average is $6.52. NextDecade has a 52-week low of $4.75 and a 52-week high of $12.12.

NextDecade (NASDAQ:NEXT) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.15. Equities research analysts forecast that NextDecade will post -2.16 EPS for the current year.

Insiders Place Their Bets

In other NextDecade news, Director Pamela K.M. Beall purchased 71,500 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were purchased at an average price of $7.07 per share, for a total transaction of $505,505.00. Following the completion of the purchase, the director directly owned 71,500 shares of the company’s stock, valued at approximately $505,505. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NextDecade

A number of institutional investors have recently bought and sold shares of NEXT. US Bancorp DE boosted its stake in NextDecade by 22,782.4% during the third quarter. US Bancorp DE now owns 3,890 shares of the company’s stock worth $26,000 after buying an additional 3,873 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of NextDecade during the third quarter valued at $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of NextDecade by 302.8% during the first quarter. EverSource Wealth Advisors LLC now owns 4,205 shares of the company’s stock valued at $32,000 after acquiring an additional 3,161 shares during the period. Comerica Bank lifted its holdings in shares of NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after acquiring an additional 1,900 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of NextDecade during the second quarter valued at $36,000. Institutional investors and hedge funds own 66.74% of the company’s stock.

About NextDecade

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.