NextDecade (NASDAQ:NEXT - Get Free Report) was upgraded by equities research analysts at Seaport Res Ptn to a "strong-buy" rating in a report issued on Friday,Zacks.com reports.
Several other analysts have also commented on NEXT. Morgan Stanley restated an "overweight" rating and issued a $15.00 price objective (up from $10.00) on shares of NextDecade in a report on Friday, July 11th. Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating in a research report on Tuesday, June 24th. Finally, TD Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating and set a $11.00 target price for the company in a research report on Tuesday, June 24th.
Get Our Latest Analysis on NEXT
NextDecade Price Performance
Shares of NextDecade stock traded up $0.07 during trading on Friday, reaching $11.39. 2,559,475 shares of the stock were exchanged, compared to its average volume of 2,943,909. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.85 and a current ratio of 0.85. NextDecade has a 1 year low of $4.27 and a 1 year high of $12.12. The stock's fifty day moving average is $9.01 and its 200 day moving average is $8.22.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Teacher Retirement System of Texas purchased a new stake in NextDecade in the 1st quarter worth $163,000. Catalyst Capital Advisors LLC lifted its stake in NextDecade by 22.6% in the 1st quarter. Catalyst Capital Advisors LLC now owns 4,597,423 shares of the company's stock worth $35,768,000 after purchasing an additional 846,937 shares in the last quarter. Wolf Hill Capital Management LP lifted its stake in NextDecade by 330.1% in the 4th quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company's stock worth $62,775,000 after purchasing an additional 6,248,757 shares in the last quarter. Barclays PLC lifted its stake in NextDecade by 38.8% in the 4th quarter. Barclays PLC now owns 533,995 shares of the company's stock worth $4,117,000 after purchasing an additional 149,159 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in NextDecade by 5.6% in the 4th quarter. Northern Trust Corp now owns 1,077,687 shares of the company's stock worth $8,309,000 after purchasing an additional 56,895 shares in the last quarter. Hedge funds and other institutional investors own 66.74% of the company's stock.
NextDecade Company Profile
(
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NextDecade Corp. is a development company.
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