NextDecade Corporation (NASDAQ:NEXT) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Five brokers give NextDecade a consensus rating of "Hold" (1 sell, 3 hold, 1 buy) with an average 1‑year target price of $7.00.
• NextDecade reported Q4 EPS of ($0.88), missing the ($0.68) estimate; analysts project a -3.04 EPS for the year and the company shows negative P/E (-6.06) and high leverage (debt/equity 3.70).
• Director Pamela K.M. Beall purchased 71,500 shares at $7.07 in March; insiders own 1.80% of the stock while institutional investors hold 66.74%.

NextDecade Corporation (NASDAQ:NEXT - Get Free Report) has been assigned an average recommendation of "Hold" from the five research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $7.00.

Several brokerages have recently weighed in on NEXT. Capital One Financial began coverage on shares of NextDecade in a research report on Friday, February 6th. They set an "overweight" rating and a $7.00 target price on the stock. TD Cowen decreased their target price on shares of NextDecade from $7.00 to $6.00 and set a "hold" rating on the stock in a research report on Thursday, March 5th. Morgan Stanley lifted their price objective on NextDecade from $7.00 to $8.00 and gave the company an "equal weight" rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of NextDecade in a report on Monday, December 29th.

NextDecade Stock Performance

Shares of NEXT stock opened at $7.09 on Monday. NextDecade has a 1 year low of $4.75 and a 1 year high of $12.12. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 3.70. The firm's fifty day simple moving average is $6.67 and its 200 day simple moving average is $5.99. The firm has a market capitalization of $1.88 billion, a P/E ratio of -6.06 and a beta of 1.69.

NextDecade (NASDAQ:NEXT - Get Free Report) last announced its quarterly earnings results on Friday, February 27th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.68) by ($0.20). As a group, sell-side analysts predict that NextDecade will post -3.04 EPS for the current year.

Insiders Place Their Bets

In other news, Director Pamela K.M. Beall bought 71,500 shares of NextDecade stock in a transaction dated Monday, March 23rd. The shares were bought at an average price of $7.07 per share, for a total transaction of $505,505.00. Following the purchase, the director owned 71,500 shares of the company's stock, valued at approximately $505,505. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On NextDecade

Several institutional investors and hedge funds have recently made changes to their positions in NEXT. Comerica Bank boosted its stake in shares of NextDecade by 88.0% in the 1st quarter. Comerica Bank now owns 4,060 shares of the company's stock valued at $32,000 after purchasing an additional 1,900 shares in the last quarter. AQR Capital Management LLC acquired a new position in NextDecade during the 1st quarter worth about $386,000. Millennium Management LLC lifted its position in NextDecade by 10.1% during the 1st quarter. Millennium Management LLC now owns 1,404,770 shares of the company's stock worth $10,929,000 after buying an additional 128,568 shares in the last quarter. Caxton Associates LLP acquired a new position in NextDecade during the 1st quarter worth about $185,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in NextDecade by 13.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 277,307 shares of the company's stock worth $2,157,000 after buying an additional 33,941 shares in the last quarter. 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.

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