NextDecade Corporation (NEXT) - What Are Analysts Saying About This Stock?

Key Points

• Analyst sentiment is mixed: Six analysts give NextDecade an average “Hold” rating, with a $8.10 average 1-year price target. Ratings include one sell, three holds, one buy, and one strong buy.
• NextDecade shares opened at $6.25, compared with a 1-year range of $4.75 to $9.24, while the company reported a quarterly loss of $0.25 per share—better than the expected $0.66 loss.
• Institutional investors own 66.74% of the stock. NextDecade is focused on developing the Rio Grande LNG export project in Texas, along with related carbon capture and storage capabilities.

NextDecade Corporation (NASDAQ:NEXT - Get Free Report) has been given an average recommendation of "Hold" by the six analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $8.10.

Several equities research analysts recently commented on the company. The Goldman Sachs Group started coverage on NextDecade in a research note on Wednesday, July 15th. They set a "neutral" rating and a $8.50 target price for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of NextDecade in a report on Friday, July 24th. Finally, Wall Street Zen raised NextDecade from a "strong sell" rating to a "sell" rating in a research note on Saturday, September 5th.

NextDecade Stock Performance

Shares of NextDecade stock opened at $6.25 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 3.70. The business has a 50-day moving average price of $6.94 and a two-hundred day moving average price of $7.44. NextDecade has a 1-year low of $4.75 and a 1-year high of $9.24. The company has a market cap of $1.66 billion, a P/E ratio of -4.60 and a beta of 1.53.

NextDecade (NASDAQ:NEXT - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.41. As a group, analysts anticipate that NextDecade will post -2.10 EPS for the current year.

Institutional Trading of NextDecade

Several large investors have recently modified their holdings of NEXT. Collective Family Office LLC lifted its holdings in shares of NextDecade by 13.4% in the 2nd quarter. Collective Family Office LLC now owns 17,194 shares of the company's stock worth $130,000 after purchasing an additional 2,033 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in NextDecade by 0.3% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 644,417 shares of the company's stock valued at $4,936,000 after purchasing an additional 2,235 shares during the period. NewEdge Advisors LLC grew its position in NextDecade by 112.5% in the 2nd quarter. NewEdge Advisors LLC now owns 5,327 shares of the company's stock valued at $40,000 after purchasing an additional 2,820 shares during the period. Farther Finance Advisors LLC grew its position in NextDecade by 58.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,816 shares of the company's stock valued at $50,000 after purchasing an additional 2,886 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in NextDecade by 302.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,205 shares of the company's stock valued at $32,000 after purchasing an additional 3,161 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company's stock.

NextDecade Company Profile

NextDecade Corporation is an energy company focused on developing liquefied natural gas (LNG) infrastructure and lower-carbon energy solutions. Its principal project is Rio Grande LNG, an LNG export facility under development near Brownsville, Texas, along the U.S. Gulf Coast. The project is designed to produce LNG for delivery to customers in international markets.

In addition to LNG production and export services, NextDecade is developing carbon capture and storage capabilities associated with Rio Grande LNG.

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