NASDAQ:NEXT

NextDecade (NEXT) Stock Forecast, Price & News

$5.55

-0.01 (-0.18%)

(As of 02:33 PM ET)

Compare

Today's Range: $5.33
▼
$5.56
50-Day Range: $4.13
▼
$6.27
52-Week Range: $3.92
▼
$8.95

Volume: 227,496 shs
Average Volume: 704,801 shs
Market Capitalization: $835.66 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.33

NextDecade MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 68.5% Upside
$9.33 Price Target
Short Interest: Healthy
4.26% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -3.54
Upright™ Environmental Score
News Sentiment: 1.07
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.63) to ($1.06) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Oils/Energy Sector

190th out of 249 stocks

Gas Transmission & Distribution Industry

5th out of 6 stocks

3.3

Analyst's Opinion

Consensus Rating
NextDecade has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.33, NextDecade has a forecasted upside of 68.5% from its current price of $5.54.
Amount of Analyst Coverage
NextDecade has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
4.26% of the outstanding shares of NextDecade have been sold short.
Short Interest Ratio / Days to Cover
NextDecade has a short interest ratio ("days to cover") of 7.9.
Change versus previous month
Short interest in NextDecade has recently decreased by 6.14%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
NextDecade does not currently pay a dividend.
Dividend Growth
NextDecade does not have a long track record of dividend growth.

1.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
NextDecade has received a -10.52% net impact score from Upright. The largest negative impact of Nextdecade in category "GHG emissions" is driven by its "LNG terminals", "LNG terminal maintenance", and "Carbon capture and storage equipment" products. See details.
Environmental Sustainability
The Environmental Impact score for NextDecade is -3.54.

2.8

News and Social Media Coverage

News Sentiment
NextDecade has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for NextDecade this week, compared to 1 article on an average week.
Search Interest
Only 4 people have searched for NEXT on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added NextDecade to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NextDecade insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.90% of the stock of NextDecade is held by insiders.
Percentage Held by Institutions
64.83% of the stock of NextDecade is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for NextDecade are expected to decrease in the coming year, from ($0.63) to ($1.06) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NextDecade is -7.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of NextDecade is -7.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
NextDecade has a P/B Ratio of 14.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NextDecade (NASDAQ:NEXT) Stock

NextDecade Corp. is a development company.

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NEXT Stock News Headlines

May 27, 2023 | americanbankingnews.com

NextDecade Target of Unusually Large Options Trading (NASDAQ:NEXT)

May 18, 2023 | msn.com

Unusual Call Option Trade in NextDecade (NEXT) Worth $155.16K

May 31, 2023 | Edge On The Street (Ad)

Soaring EV Industry Keeps Investor Focus on Lithium

The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.

May 16, 2023 | msn.com

Rio Grande LNG hosts safety demonstration to students

April 21, 2023 | finance.yahoo.com

We Think NextDecade (NASDAQ:NEXT) Needs To Drive Business Growth Carefully

April 19, 2023 | americanbankingnews.com

NextDecade (NASDAQ:NEXT) Trading Down 5.5%

April 16, 2023 | americanbankingnews.com

NextDecade Target of Unusually High Options Trading (NASDAQ:NEXT)

April 15, 2023 | msn.com

NextDecade soars as Evercore ISI sees LNG export plant added to FERC docket

May 31, 2023 | Edge On The Street (Ad)

The Ignored EV Story Few Investors Know About

Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.

March 29, 2023 | finance.yahoo.com

NextDecade to Establish Permanent Conservation at the Las Lomas Area

March 24, 2023 | americanbankingnews.com

NextDecade (NASDAQ:NEXT) Trading Down 4.7%

February 6, 2023 | finance.yahoo.com

LNG developer NextDecade blasts inaction by U.S. energy regulator

January 20, 2023 | msn.com

NextDecade, Seadrill among major Energy/Materials gainers, Recon Technology leads losers

January 20, 2023 | msn.com

NextDecade inks 15-year LNG supply deal with Japan's Itochu

January 20, 2023 | msn.com

NextDecade makes first ever LNG deal with a Japanese company

January 19, 2023 | finance.yahoo.com

NextDecade and Itochu Corporation Execute 1.0 MTPA LNG Sale and Purchase Agreement

January 5, 2023 | finance.yahoo.com

With 57% ownership of the shares, NextDecade Corporation (NASDAQ:NEXT) is heavily dominated by hedge funds owners

December 28, 2022 | finance.yahoo.com

NextDecade increases LNG supply volume in deal with China's ENN

December 27, 2022 | finance.yahoo.com

NextDecade Announces Increase of ENN LNG Sale and Purchase Agreement

December 9, 2022 | finance.yahoo.com

A Look At The Intrinsic Value Of NextDecade Corporation (NASDAQ:NEXT)

November 14, 2022 | finance.yahoo.com

Why Earnings Season Could Be Great for NextDecade (NEXT)

November 12, 2022 | finance.yahoo.com

Here's Why We're Not Too Worried About NextDecade's (NASDAQ:NEXT) Cash Burn Situation

October 25, 2022 | finance.yahoo.com

Are Oils-Energy Stocks Lagging Coterra Energy (CTRA) This Year?

September 20, 2022 | marketscreener.com

NEXTDECADE CORP. : Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities (form 8-K) - Marketscreener.com

September 15, 2022 | businesswire.com

NextDecade Announces $85 Million Private Placement of Common Stock - Business Wire

September 15, 2022 | finance.yahoo.com

NextDecade Announces $85 Million Private Placement of Common Stock

July 28, 2022 | seekingalpha.com

NextDecade upped at Stifel as Rio Grande LNG closes in on the finish line (NASDAQ:NEXT) - Seeking Alpha

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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NEXT Company Calendar

Last Earnings: 3/10/2023
Today: 5/31/2023
Next Earnings (Estimated): 8/10/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Gas transmission & distribution
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:NEXT
CUSIP: N/A
CIK: 1167896
Web: www.next-decade.com
Phone: (713) 574-1880
Fax: N/A
Employees: 52
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $9.33
High Stock Price Forecast: $12.00
Low Stock Price Forecast: $6.00
Forecasted Upside/Downside: +67.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.73)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-60,070,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -147.65%
Return on Assets: -25.20%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.51
Quick Ratio: 1.51

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.38 per share
Price / Book: 14.63

Miscellaneous

Outstanding Shares: 150,570,000
Free Float: 147,706,000
Market Cap: $837.17 million
Optionable: Not Optionable
Beta: 0.96

Key Executives

Matthew K. Schatzman
Chairman, President & Chief Executive Officer

Ivan Van der Walt
Chief Operating Officer

Brent E. Wahl
Chief Financial Officer

Raquel Couri
Senior VP-Human Resources & Administration

Patrick Hughes
Senior Vice President-Carbon Solutions

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NEXT Stock - Frequently Asked Questions

Should I buy or sell NextDecade stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NextDecade in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" NEXT shares.
View NEXT analyst ratings or view top-rated stocks.
What is NextDecade's stock price forecast for 2023?: 2 brokers have issued 1-year target prices for NextDecade's stock. Their NEXT share price forecasts range from $6.00 to $12.00. On average, they predict the company's stock price to reach $9.33 in the next twelve months. This suggests a possible upside of 67.9% from the stock's current price.
View analysts price targets for NEXT or view top-rated stocks among Wall Street analysts.
How have NEXT shares performed in 2023?: NextDecade's stock was trading at $4.94 on January 1st, 2023. Since then, NEXT shares have increased by 12.6% and is now trading at $5.56.
View the best growth stocks for 2023 here.
When is NextDecade's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our NEXT earnings forecast.
How were NextDecade's earnings last quarter?: NextDecade Co. (NASDAQ:NEXT) issued its quarterly earnings results on Friday, March, 10th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by $0.07.
What ETFs hold NextDecade's stock?: ETFs with the largest weight of NextDecade (NASDAQ:NEXT) stock in their portfolio include Pacer American Energy Independence ETF (USAI), Alerian Energy Infrastructure ETF (ENFR), Vanguard U.S. Momentum Factor ETF (VFMO) and Vanguard Energy ETF (VDE).Fidelity MSCI Energy Index ETF (FENY).

What other stocks do shareholders of NextDecade own?: Based on aggregate information from My MarketBeat watchlists, some companies that other NextDecade investors own include Walt Disney (DIS), Inovio Pharmaceuticals (INO), NVIDIA (NVDA), Roku (ROKU), Cronos Group (CRON), GSK (GSK), Sorrento Therapeutics (SRNE) and Allena Pharmaceuticals (ALNA).
What is NextDecade's stock symbol?: NextDecade trades on the NASDAQ under the ticker symbol "NEXT."
Who are NextDecade's major shareholders?: NextDecade's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (2.48%), Tortoise Capital Advisors L.L.C. (2.25%), Catalyst Capital Advisors LLC (1.84%), Jennison Associates LLC (0.80%), SIR Capital Management L.P. (0.78%) and Wellington Management Group LLP (0.70%).
View institutional ownership trends.
How do I buy shares of NextDecade?: Shares of NEXT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is NextDecade's stock price today?: One share of NEXT stock can currently be purchased for approximately $5.56.
How much money does NextDecade make?: NextDecade (NASDAQ:NEXT) has a market capitalization of $837.17 million. The company earns $-60,070,000.00 in net income (profit) each year or ($0.73) on an earnings per share basis.
How can I contact NextDecade?: NextDecade's mailing address is 1000 LOUISIANA STREET SUITE 3900, HOUSTON TX, 77002. The official website for the company is www.next-decade.com. The company can be reached via phone at (713) 574-1880 or via email at ben@next-decade.com.

This page (NASDAQ:NEXT) was last updated on 5/31/2023 by MarketBeat.com Staff

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NextDecade (NEXT) Stock Forecast, Price & News

NextDecade MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About NextDecade (NASDAQ:NEXT) Stock

NEXT Stock News Headlines

NEXT Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

NEXT Stock - Frequently Asked Questions

Overall MarketRank^™