Should I buy or sell NextDecade stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextDecade in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NEXT shares. View NEXT analyst ratings or view top-rated stocks .

What is NextDecade's stock price target for 2024?

2 Wall Street research analysts have issued 12-month price objectives for NextDecade's stock. Their NEXT share price targets range from $8.00 to $12.00. On average, they expect the company's stock price to reach $9.67 in the next year. This suggests a possible upside of 84.8% 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 at the start of the year. Since then, NEXT shares have increased by 5.9% and is now trading at $5.23. 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 Friday, March 8th 2024. View our NEXT earnings forecast .

How were NextDecade's earnings last quarter?

NextDecade Co. (NASDAQ:NEXT) issued its quarterly earnings results on Friday, November, 12th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02.

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) and Invesco Dorsey Wright Energy Momentum ETF (PXI) . Alerian Energy Infrastructure ETF (ENFR) .

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) .

Who are NextDecade's major shareholders?

NextDecade's stock is owned by many different retail and institutional investors. Top institutional shareholders include Lasry Marc (2.97%), Morgan Stanley (2.13%), Catalyst Capital Advisors LLC (1.14%), UBS Group AG (0.78%), Covalis Capital LLP (0.54%) and Adage Capital Partners GP L.L.C. (0.48%). 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 .

NextDecade Stock Price, News & Analysis (NASDAQ:NEXT)

$5.23

+0.24 (+4.81%)

(As of 12/1/2023 ET)

Compare

Today's Range: $4.91
▼
$5.25
50-Day Range: $4.17
▼
$5.46
52-Week Range: $3.92
▼
$8.74

Volume: 1.25 million shs
Average Volume: 1.02 million shs
Market Capitalization: $1.34 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.67

NextDecade MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 84.8% Upside
$9.67 Price Target
Short Interest: Healthy
2.99% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -3.54
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$2.51 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.25) to ($1.04) 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

164th out of 229 stocks

Gas Transmission & Distribution Industry

4th out of 5 stocks

3.5

Analyst's Opinion

Consensus Rating
NextDecade has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.67, NextDecade has a forecasted upside of 84.8% from its current price of $5.23.
Amount of Analyst Coverage
NextDecade has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.99% 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 7.3.
Change versus previous month
Short interest in NextDecade has recently decreased by 2.42%, indicating that investor sentiment is improving.

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.

2.6

News and Social Media Coverage

News Sentiment
NextDecade has a news sentiment score of 0.74. 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 0.47 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for NextDecade this week, compared to 1 article on an average week.
Search Interest
3 people have searched for NEXT on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NextDecade insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,511,896.00 in company stock.
Percentage Held by Insiders
Only 1.20% of the stock of NextDecade is held by insiders.

0.6

Earnings and Valuation

Earnings Growth
Earnings for NextDecade are expected to grow in the coming year, from ($1.25) to ($1.04) per share.
Price to Book Value per Share Ratio
NextDecade has a P/B Ratio of 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NextDecade Stock (NASDAQ:NEXT)

NextDecade Corp. is a development company.

NEXT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NEXT Stock News Headlines

November 17, 2023 | msn.com

Energy Transfer signs oil supply deal with TotalEnergies

November 16, 2023 | msn.com

Concerns arise over LNG facility construction near SpaceX launch site

December 3, 2023 | DTI Trader (Ad)

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November 16, 2023 | oilprice.com

U.S. Court Vacates Emissions Permit for Port Arthur LNG Project

November 13, 2023 | finance.yahoo.com

NextDecade: Q3 Earnings Snapshot

November 13, 2023 | finance.yahoo.com

NextDecade Provides Third Quarter 2023 Business Update

November 8, 2023 | reuters.com

FOCUS-How shipping more US natural gas to Europe helped fuel C02 pollution

October 27, 2023 | finanznachrichten.de

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

December 3, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

September 21, 2023 | businesswire.com

NextDecade Announces $356 Million of Senior Loans for Rio Grande LNG Phase 1

September 21, 2023 | finance.yahoo.com

NextDecade Secures Debt Financing for Rio Grande LNG’s First Phase

September 20, 2023 | finance.yahoo.com

NextDecade secures additional financing for Rio Grande LNG

September 13, 2023 | msn.com

NextDecade: Maybe In The Next Decade

August 19, 2023 | money.usnews.com

NextDecade Corporation

August 19, 2023 | fool.com

NextDecade (NASDAQ: NEXT)

August 16, 2023 | msn.com

Golar LNG downgraded, NextDecade upgraded at Wolfe Research

August 16, 2023 | markets.businessinsider.com

Positive Report for NextDecade (NEXT) from Wolfe Research

August 15, 2023 | finance.yahoo.com

Why NextDecade Stock Trounced the Market on Tuesday

August 15, 2023 | msn.com

Stifel Upgrades NextDecade (NEXT)

August 15, 2023 | msn.com

4 big analyst picks: BofA double upgraded Parsons on stronger than expected growth

August 15, 2023 | markets.businessinsider.com

NextDecade (NEXT) was upgraded to a Buy Rating at Stifel Nicolaus

August 1, 2023 | msn.com

NextDecade (NEXT) Price Target Increased by 7.23% to 9.08

July 26, 2023 | finance.yahoo.com

Down -22.39% in 4 Weeks, Here's Why NextDecade (NEXT) Looks Ripe for a Turnaround

July 14, 2023 | finance.yahoo.com

LNG moves forward: NextDecade to begin construction of port terminal

July 14, 2023 | seekingalpha.com

NextDecade sinks after giving up too much equity in sanctioning LNG project

July 13, 2023 | msn.com

NextDecade Proceeds With Texas LNG Plant Phase 1 Construction, Projects Gets Massive $18.4B Financing

July 13, 2023 | marketwatch.com

NextDecade Shares Down After Texas LNG Project Moves Forward

See More Headlines

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Company Calendar

Last Earnings: 11/12/2021
Today: 12/02/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/08/2024

Get Stock Alerts

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 Target: $9.67
High Stock Price Target: $12.00
Low Stock Price Target: $8.00
Potential Upside/Downside: +84.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
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: -128.55%
Return on Assets: -30.03%

Debt

Debt-to-Equity Ratio: 1.69
Current Ratio: 0.85
Quick Ratio: 0.85

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.19 per share
Price / Book: 1.64

Miscellaneous

Outstanding Shares: 256,580,000
Free Float: 253,496,000
Market Cap: $1.34 billion
Optionable: Not Optionable
Beta: 1.11

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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

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NEXT Stock Analysis - Frequently Asked Questions

Should I buy or sell NextDecade stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextDecade in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NEXT shares.
View NEXT analyst ratings or view top-rated stocks.
What is NextDecade's stock price target for 2024?: 2 Wall Street research analysts have issued 12-month price objectives for NextDecade's stock. Their NEXT share price targets range from $8.00 to $12.00. On average, they expect the company's stock price to reach $9.67 in the next year. This suggests a possible upside of 84.8% 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 at the start of the year. Since then, NEXT shares have increased by 5.9% and is now trading at $5.23.
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 Friday, March 8th 2024.
View our NEXT earnings forecast.
How were NextDecade's earnings last quarter?: NextDecade Co. (NASDAQ:NEXT) issued its quarterly earnings results on Friday, November, 12th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02.

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) and Invesco Dorsey Wright Energy Momentum ETF (PXI).Alerian Energy Infrastructure ETF (ENFR).
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).
Who are NextDecade's major shareholders?: NextDecade's stock is owned by many different retail and institutional investors. Top institutional shareholders include Lasry Marc (2.97%), Morgan Stanley (2.13%), Catalyst Capital Advisors LLC (1.14%), UBS Group AG (0.78%), Covalis Capital LLP (0.54%) and Adage Capital Partners GP L.L.C. (0.48%).
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.

This page (NASDAQ:NEXT) was last updated on 12/3/2023 by MarketBeat.com Staff

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