NextDecade (NASDAQ:NEXT) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• NextDecade shares crossed above their 200-day moving average, reaching $7.60 before last trading at $7.26, compared with a 200-day average of $6.92.
• Rio Grande LNG development is reportedly about one-quarter ahead of schedule, while management provided a regulatory timeline for planned expansion trains, potentially improving project and cash-flow visibility.
• Third-quarter earnings significantly exceeded expectations at $0.54 per share versus the consensus estimate of a $0.71 loss, but analysts remain cautious: the stock carries a consensus “Hold” rating and an $8.10 average price target.

NextDecade Corporation (NASDAQ:NEXT - Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $6.92 and traded as high as $7.60. NextDecade shares last traded at $7.26, with a volume of 8,580,774 shares.

Key NextDecade News

Here are the key news stories impacting NextDecade this week:

• Positive Sentiment: Rio Grande LNG is reportedly running ahead of schedule. NextDecade said development is approximately a quarter ahead of its planned timeline, improving confidence in project execution and potentially bringing future LNG production and cash flow forward. NextDecade Soars 14% as Rio Grande LNG Runs “A Quarter Ahead” of Schedule
• Positive Sentiment: Third-quarter earnings exceeded expectations. NextDecade reported earnings per share of $0.54, well above the consensus estimate of a $0.71 loss. The earnings improvement helped reinforce the bullish reaction to the company’s operating update. NextDecade Provides Third Quarter 2026 Business Update
• Positive Sentiment: Management provided additional visibility on Rio Grande LNG’s expansion plans. A regulatory timeline for the project’s latest trains may reduce uncertainty around permitting and support the company’s longer-term growth strategy. NextDecade offers regulatory timeline for latest Rio Grande LNG trains
• Neutral Sentiment: Options activity was unusually high. Investors purchased about 2,936 call options, roughly 16% above average volume. This indicates increased speculative interest, but it does not by itself establish a fundamental change in the company’s outlook.
• Neutral Sentiment: The earnings call focused investor attention on execution. The market is weighing NextDecade’s improved quarterly result and project timing against the substantial capital and regulatory requirements associated with developing Rio Grande LNG. NextDecade Q3 2026 Earnings Call Transcript

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NEXT shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NextDecade in a research report on Thursday, October 22nd. Wall Street Zen cut shares of NextDecade from a "sell" rating to a "strong sell" rating in a report 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 objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $8.10.

NextDecade Stock Performance

The company has a market cap of $1.93 billion, a price-to-earnings ratio of -5.34 and a beta of 1.53. The firm has a 50-day simple moving average of $6.85 and a 200 day simple moving average of $6.92. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 3.70.

NextDecade (NASDAQ:NEXT - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of ($0.71) by $1.25. On average, sell-side analysts predict that NextDecade Corporation will post -2.10 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Financial Group LLC acquired a new stake in NextDecade during the 3rd quarter worth approximately $66,000. Farther Finance Advisors LLC increased its holdings in shares of NextDecade by 58.5% in the third 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. Sequoia Financial Advisors LLC acquired a new position in shares of NextDecade in the second quarter valued at approximately $182,000. Integrated Wealth Concepts LLC acquired a new position in shares of NextDecade in the second quarter valued at approximately $50,000. Finally, NewEdge Advisors LLC raised its stake in shares of NextDecade by 112.5% during the second quarter. NewEdge Advisors LLC now owns 5,327 shares of the company's stock worth $40,000 after purchasing an additional 2,820 shares during the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.