NextDecade Corporation (NASDAQ:NEXT) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts rate NextDecade a "Hold" — five analysts give a consensus Hold (1 sell, 3 hold, 1 buy) with a one‑year average target of about $6.67 and recent price targets clustered in the $6–$7 range.
• Significant insider buying: major shareholder Hanwha bought 851,971 shares at $5.83 (part of 2.58M insider purchases worth ~$15.1M over 90 days), while institutional investors own roughly 66.7% of the company.
• Financial strain and earnings miss: NextDecade reported Q results of ($0.88) EPS vs. ($0.68) expected, carries high leverage (debt/equity ~3.70) and low liquidity ratios, and analysts forecast a full‑year EPS around -0.61.

Shares of NextDecade Corporation (NASDAQ:NEXT - Get Free Report) have earned a consensus recommendation of "Hold" from the five analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.6667.

A number of research analysts recently weighed in on NEXT shares. Morgan Stanley cut their target price on shares of NextDecade from $10.00 to $7.00 and set an "equal weight" rating for the company in a report on Tuesday, February 24th. TD Cowen lowered their price objective on shares of NextDecade from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Thursday. Capital One Financial assumed coverage on shares of NextDecade in a report on Friday, February 6th. They issued an "overweight" rating and a $7.00 target price on the stock. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of NextDecade in a research report on Monday, December 29th.

Insider Buying and Selling at NextDecade

In related news, major shareholder Aerospace Co. Ltd. Hanwha purchased 851,971 shares of the firm's stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average price of $5.83 per share, for a total transaction of $4,966,990.93. Following the acquisition, the insider owned 25,620,222 shares of the company's stock, valued at approximately $149,365,894.26. This represents a 3.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders purchased 2,584,569 shares of company stock worth $15,140,368. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of NextDecade by 433.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 18,259 shares of the company's stock valued at $96,000 after acquiring an additional 14,836 shares during the period. Pacer Advisors Inc. boosted its stake in shares of NextDecade by 7.7% during the 4th quarter. Pacer Advisors Inc. now owns 266,111 shares of the company's stock worth $1,402,000 after purchasing an additional 19,045 shares during the period. Virtu Financial LLC bought a new position in NextDecade during the 4th quarter valued at about $97,000. Invesco Ltd. raised its position in NextDecade by 5.1% in the 4th quarter. Invesco Ltd. now owns 82,717 shares of the company's stock worth $436,000 after purchasing an additional 4,008 shares during the period. Finally, Corient Private Wealth LLC raised its position in NextDecade by 118.8% in the 4th quarter. Corient Private Wealth LLC now owns 137,078 shares of the company's stock worth $677,000 after purchasing an additional 74,425 shares during the period. Institutional investors own 66.74% of the company's stock.

NextDecade Trading Up 2.7%

Shares of NextDecade stock opened at $5.63 on Friday. NextDecade has a twelve month low of $4.75 and a twelve month high of $12.12. The company has a quick ratio of 0.64, a current ratio of 0.54 and a debt-to-equity ratio of 3.70. The business has a 50-day moving average price of $5.26 and a 200-day moving average price of $6.30. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -4.81 and a beta of 2.02.

NextDecade (NASDAQ:NEXT - Get Free Report) last announced its quarterly earnings results on Friday, February 27th. The company reported ($0.88) EPS for the quarter, missing analysts' consensus estimates of ($0.68) by ($0.20). Equities research analysts anticipate that NextDecade will post -0.61 EPS for the current fiscal year.

NextDecade Company Profile

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.

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