NexTier Oilfield Solutions (NEX) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NexTier Oilfield Solutions in the last twelve months. There are currently 1 sell rating, 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" NEX shares.
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7 equities research analysts have issued 12-month price targets for NexTier Oilfield Solutions' shares. Their NEX share price forecasts range from $7.00 to $19.00. On average, they predict the company's share price to reach $13.35 in the next year. This suggests a possible upside of 57.0% from the stock's current price.
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NexTier Oilfield Solutions' stock was trading at $9.24 at the beginning of the year. Since then, NEX shares have decreased by 8.0% and is now trading at $8.5050.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
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NexTier Oilfield Solutions Inc. (NYSE:NEX) announced its quarterly earnings data on Tuesday, April, 25th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $935.67 million for the quarter, compared to the consensus estimate of $926.41 million. NexTier Oilfield Solutions had a net margin of 15.80% and a trailing twelve-month return on equity of 63.92%.

ETFs with the largest weight of NexTier Oilfield Solutions (NYSE:NEX) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES), Invesco S&P SmallCap Energy ETF (PSCE), Invesco Dynamic Oil & Gas Services ETF (PXJ), Invesco DWA Energy Momentum ETF (PXI), VanEck Oil Services ETF (OIH), Alpha Architect U.S. Quantitative Value ETF (QVAL), Direxion Daily Oil Services Bull 2X Shares (ONG) and iShares U.S. Oil Equipment & Services ETF (IEZ).

Based on aggregate information from My MarketBeat watchlists, some companies that other NexTier Oilfield Solutions investors own include Geron (GERN), Arbutus Biopharma (ABUS), AIM ImmunoTech (AIM), Accuray (ARAY), Alliance Resource Partners (ARLP), Cisco Systems (CSCO), Inovio Pharmaceuticals (INO), Intel (INTC), Moderna (MRNA) and Micron Technology (MU).

NexTier Oilfield Solutions trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEX."

NexTier Oilfield Solutions' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Cerberus Capital Management L.P. (11.90%), BlackRock Inc. (11.38%), FMR LLC (7.57%), State Street Corp (3.62%), Dimensional Fund Advisors LP (3.35%) and Principal Financial Group Inc. (3.31%). Insiders that own company stock include Alamo Frac Holdings, Llc, Burns Lamphung Ngo, James Carl Stewart, Keane Investor Holdings Llc, Kenneth Pucheu, Kevin M Mcdonald and Michael Joseph Mckie.
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Shares of NEX 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.
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One share of NEX stock can currently be purchased for approximately $8.51.

NexTier Oilfield Solutions (NYSE:NEX) has a market capitalization of $1.96 billion and generates $3.24 billion in revenue each year. The company earns $314.97 million in net income (profit) each year or $2.30 on an earnings per share basis.

The company employs 4,302 workers across the globe.

NexTier Oilfield Solutions' mailing address is 3990 ROGERDALE RD., HOUSTON TX, 77042. The official website for the company is nextierofs.com. The company can be reached via phone at (713) 325-6000 or via email at marc.silverberg@icrinc.com.