NextDecade (NASDAQ:NEXT) Posts Quarterly Earnings Results, Beats Estimates By $1.25 EPS

Key Points

• NextDecade reported quarterly EPS of $0.54, beating analysts’ consensus estimate of a $0.71 loss by $1.25.
• Shares rose $0.93 to $7.43 in midday trading, while the company’s market capitalization reached approximately $1.98 billion.
• Analysts maintain a consensus “Hold” rating with an $8.10 price target, despite mixed opinions ranging from Strong Buy to Strong Sell.

NextDecade (NASDAQ:NEXT - Get Free Report) announced its earnings results on Wednesday. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of ($0.71) by $1.25, FiscalAI reports.

NextDecade Price Performance

NEXT stock traded up $0.93 during midday trading on Thursday, reaching $7.43. The company had a trading volume of 4,806,458 shares, compared to its average volume of 3,347,095. NextDecade has a 1-year low of $4.75 and a 1-year high of $9.24. The stock has a 50 day moving average price of $6.84 and a 200-day moving average price of $6.91. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -5.45 and a beta of 1.53.

Analysts Set New Price Targets

Several research analysts have weighed in on NEXT shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of NextDecade in a research report on Thursday, October 22nd. Wall Street Zen downgraded shares of NextDecade from a "sell" rating to a "strong sell" rating in a research note on Saturday, October 24th. Finally, The Goldman Sachs Group assumed coverage on shares of NextDecade in a research report on Wednesday, July 15th. They set a "neutral" rating and a $8.50 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, NextDecade has an average rating of "Hold" and a consensus price target of $8.10.

NextDecade Company Profile

NextDecade Corporation is an energy company focused on developing liquefied natural gas (LNG) infrastructure and related carbon-management solutions. The company's principal project is Rio Grande LNG, an LNG export facility located near Brownsville, Texas, on the U.S. Gulf Coast.

Rio Grande LNG is designed to receive natural gas, process it into LNG, and export the product by ship to customers in international markets. The project is being developed in multiple phases and is intended to serve energy markets in Europe, Asia and other regions seeking access to U.S.

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