NYSE:NEX

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

$10.69

+0.08 (+0.75%)

(As of 09/1/2023)

Compare

Today's Range: $10.69
▼
$10.69
50-Day Range: $10.51
▼
$11.93
52-Week Range: $6.66
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$11.99

Volume: 600 shs
Average Volume: 3.59 million shs
Market Capitalization: $2.44 billion

P/E Ratio: 4.00
Dividend Yield: N/A
Price Target: $12.48

NexTier Oilfield Solutions MarketRank™ Forecast

Analyst Rating: Hold
2.43 Rating Score
Upside/Downside: 16.7% Upside
$12.48 Price Target
Short Interest: Bearish
5.95% of Float Sold Short
Dividend Strength: N/A
Sustainability: -7.57
Upright™ Environmental Score
News Sentiment: 0.91
Based on 2 Articles This Week
Insider Trading: Selling Shares
$5.61 M Sold Last Quarter
Proj. Earnings Growth: -20.83%
From $2.16 to $1.71 Per Share

Overall MarketRank^™

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

1.68 out of 5 stars

Energy Sector

7th out of 8 stocks

Oil & Gas Equipment & Services Industry

1st out of 1 stocks

2.2

Analyst's Opinion

Consensus Rating
NexTier Oilfield Solutions has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $12.48, NexTier Oilfield Solutions has a forecasted upside of 16.7% from its current price of $10.69.
Amount of Analyst Coverage
NexTier Oilfield Solutions has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
5.95% of the float of NexTier Oilfield Solutions has been sold short.
Short Interest Ratio / Days to Cover
NexTier Oilfield Solutions has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in NexTier Oilfield Solutions has recently increased by 4.12%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

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

0.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
NexTier Oilfield Solutions has received a -78.20% net impact score from Upright. The largest negative impact of Nextier Oilfield Solutions in category "GHG emissions" seems to be driven mostly by its "Oil drilling services", "Natural gas drilling services", and "Oil drilling engineering services" products. See details.
Environmental Sustainability
The Environmental Impact score for NexTier Oilfield Solutions is -7.57.

2.7

News and Social Media Coverage

News Sentiment
NexTier Oilfield Solutions has a news sentiment score of 0.91. 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 0.48 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for NexTier Oilfield Solutions this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for NEX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
5 people have added NexTier Oilfield Solutions to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NexTier Oilfield Solutions insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,610,901.00 in company stock.
Percentage Held by Insiders
Only 2.50% of the stock of NexTier Oilfield Solutions is held by insiders.
Percentage Held by Institutions
92.15% of the stock of NexTier Oilfield Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for NexTier Oilfield Solutions are expected to decrease by -20.83% in the coming year, from $2.16 to $1.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NexTier Oilfield Solutions is 4.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of NexTier Oilfield Solutions is 4.00, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 113.99.
Price to Earnings Growth Ratio
NexTier Oilfield Solutions has a PEG Ratio of 1.94. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
NexTier Oilfield Solutions has a P/B Ratio of 2.16. 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 NexTier Oilfield Solutions (NYSE:NEX) Stock

As of September 1, 2023, NexTier Oilfield Solutions Inc. was acquired by Patterson-UTI Energy, Inc. NexTier Oilfield Solutions Inc., through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates in two segments, Completion Services, and Well Construction and Intervention Services. The Completion Services segment offers hydraulic fracturing services to enhance production of oil and natural gas from formations with low permeability and restricted flow of hydrocarbons; wireline services; and perforating, pumpdown, pipe recovery, pressure pumping, and wellsite make-up and pressure testing services. This segment is also involved in the sand hauling, wellsite storage, and last mile logistics activities. The Well Construction and Intervention Services segment provides cementing services that incorporate custom engineered mixing and blending equipment to ensure precision and accuracy in providing annulus isolation and hydraulic seal, while protecting fresh water zones from its customers' zone of interest; and engineering software and technical guidance for remedial cementing applications, and acidizing to optimize the performance of its customers' wells. It serves integrated and large independent oil and natural gas exploration and production companies in the United States and internationally. NexTier Oilfield Solutions Inc. was founded in 1973 and is headquartered in Houston, Texas.

NEX Price History

30 days | 90 days | 365 days | Advanced Chart

NEX Stock News Headlines

September 26, 2023 | americanbankingnews.com

Head-To-Head Survey: NexTier Oilfield Solutions (NYSE:NEX) & STEP Energy Services (OTCMKTS:SNVVF)

September 23, 2023 | americanbankingnews.com

NexTier Oilfield Solutions (NYSE:NEX) Coverage Initiated by Analysts at StockNews.com

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September 21, 2023 | americanbankingnews.com

Head to Head Analysis: NexTier Oilfield Solutions (NYSE:NEX) and NXT Energy Solutions (OTCMKTS:NSFDF)

August 30, 2023 | finanznachrichten.de

Patterson-UTI Energy, Inc.: Shareholders of Patterson-UTI Energy and NexTier Oilfield Solutions Approve Merger of Equals

August 30, 2023 | finance.yahoo.com

Shareholders of Patterson-UTI Energy and NexTier Oilfield Solutions Approve Merger of Equals

August 26, 2023 | msn.com

NexTier Oilfield Solutions: Discounted Valuation And Strong Outlook

August 21, 2023 | stocknews.com

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August 17, 2023 | msn.com

NexTier Oilfield Solutions: Consider Taking Some Profits After The Rally

August 17, 2023 | finance.yahoo.com

Surge Energy America and NexTier Oilfield Solutions Announce Record-Breaking Completion Efficiency and Emissions Reductions Through Strong Partnership

August 2, 2023 | markets.businessinsider.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PTEN, NEX, INPX

July 30, 2023 | finance.yahoo.com

Here's Why NexTier Oilfield Solutions (NYSE:NEX) Has Caught The Eye Of Investors

July 28, 2023 | finance.yahoo.com

NexTier and Patterson-UTI post strong Q2 results ahead of merger

July 28, 2023 | finanznachrichten.de

NexTier Oilfield Solutions: NexTier Announces Second Quarter 2023 Financial and Operational Results

July 26, 2023 | reuters.com

UPDATE 1-Nextier Oilfield expects fracking demand to recover next year

July 26, 2023 | finance.yahoo.com

NexTier Announces Second Quarter 2023 Financial and Operational Results

July 26, 2023 | finance.yahoo.com

NexTier Oilfield Solutions (NEX) Q2 Earnings and Revenues Lag Estimates

July 26, 2023 | finance.yahoo.com

Compared to Estimates, NexTier Oilfield Solutions (NEX) Q2 Earnings: A Look at Key Metrics

July 19, 2023 | msn.com

Citigroup Maintains NexTier Oilfield Solutions (NEX) Neutral Recommendation

July 19, 2023 | finance.yahoo.com

Core Laboratories (CLB) Earnings Expected to Grow: Should You Buy?

July 18, 2023 | finance.yahoo.com

NexTier Oilfield Solutions (NEX) Earnings Expected to Grow: Should You Buy?

July 13, 2023 | msn.com

Stifel Maintains NexTier Oilfield Solutions (NEX) Buy Recommendation

July 7, 2023 | chron.com

Patterson-UTI to acquire Ulterra Drilling Technologies

July 6, 2023 | finance.yahoo.com

Patterson-UTI (PTEN) to Buy Ulterra, Strengthen Portfolio

July 5, 2023 | reuters.com

UPDATE 1-Patterson-UTI to buy Ulterra Drilling

June 23, 2023 | markets.businessinsider.com

Raymond James Sticks to Their Buy Rating for Nextier Oilfield Solutions (NEX)

See More Headlines

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NEX Company Calendar

Last Earnings: 7/25/2023
Today: 9/28/2023
Next Earnings (Estimated): 10/24/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Oil & Gas Equipment & Services
Sub-Industry: N/A
Sector: Energy
Current Symbol: NYSE:NEX
CUSIP: N/A
CIK: 1688476
Web: nextierofs.com
Phone: (713) 325-6000
Fax: N/A
Employees: 4,302
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $12.48
High Stock Price Forecast: $19.00
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +16.7%
Consensus Rating: Hold
Rating Score (0-4): 2.43
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.67
Trailing P/E Ratio: 4.00
Forward P/E Ratio: 4.95
P/E Growth: 1.94
Net Income: $314.97 million
Net Margins: 17.59%
Pretax Margin: 14.91%
Return on Equity: 61.01%
Return on Assets: 28.93%

Debt

Debt-to-Equity Ratio: 0.32
Current Ratio: 1.37
Quick Ratio: 1.26

Sales & Book Value

Annual Sales: $3.65 billion
Price / Sales: 0.67
Cash Flow: $2.46 per share
Price / Cash Flow: 4.35
Book Value: $4.94 per share
Price / Book: 2.16

Miscellaneous

Outstanding Shares: 228,553,000
Free Float: 222,839,000
Market Cap: $2.44 billion
Optionable: Optionable
Beta: 2.13

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Key Executives

Mr. Robert Wayne Drummond Jr. (Age 62)
Pres, CEO, & Director
Comp: $3.15M

Mr. Kenneth H. Pucheu (Age 45)
Exec. VP & CFO
Comp: $1.31M

Mr. Matthew R. Gillard (Age 51)
Exec. VP & COO
Comp: $1.31M

Mr. Oladipo O. Iluyomade (Age 45)
VP, Chief Accounting Officer & Treasurer
Comp: $501.07k

Mr. Kevin M. McDonald (Age 56)
Exec. VP, Chief Admin. Officer, Gen. Counsel & Sec.
Comp: $1.38M

Mr. Michael James Sabella
VP of Investor Relations & Bus. Devel.

Mr. Ian R. Henkes (Age 51)
Sr. VP of Operations

Mr. William D. Driver (Age 57)
Sr. VP of Product Lines

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NEX Stock - Frequently Asked Questions

Should I buy or sell NexTier Oilfield Solutions stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NexTier Oilfield Solutions in the last twelve months. There are currently 1 sell rating, 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NEX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEX, but not buy additional shares or sell existing shares.
View NEX analyst ratings or view top-rated stocks.
What is NexTier Oilfield Solutions' stock price forecast for 2023?: 7 Wall Street analysts have issued 1 year price targets for NexTier Oilfield Solutions' stock. Their NEX share price forecasts range from $7.00 to $19.00. On average, they expect the company's stock price to reach $12.48 in the next year. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for NEX or view top-rated stocks among Wall Street analysts.
How have NEX shares performed in 2023?: NexTier Oilfield Solutions' stock was trading at $9.24 at the start of the year. Since then, NEX shares have increased by 15.7% and is now trading at $10.69.
View the best growth stocks for 2023 here.
When is NexTier Oilfield Solutions' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our NEX earnings forecast.
How were NexTier Oilfield Solutions' earnings last quarter?: NexTier Oilfield Solutions Inc. (NYSE:NEX) announced its quarterly earnings results on Tuesday, July, 25th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The firm earned $945.09 million during the quarter, compared to analysts' expectations of $948.66 million. NexTier Oilfield Solutions had a net margin of 17.59% and a trailing twelve-month return on equity of 61.01%.
What ETFs hold NexTier Oilfield Solutions' stock?: 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 Oil & Gas Services ETF (PXJ), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG), Pacer US Small Cap Cash Cows 100 ETF (CALF), iShares U.S. Oil Equipment & Services ETF (IEZ) and Invesco S&P SmallCap Quality ETF (XSHQ).

What other stocks do shareholders of NexTier Oilfield Solutions own?: 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).
What is NexTier Oilfield Solutions' stock symbol?: NexTier Oilfield Solutions trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEX."
Who are NexTier Oilfield Solutions' major shareholders?: NexTier Oilfield Solutions' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.59%), Dimensional Fund Advisors LP (3.84%), State Street Corp (3.32%), Principal Financial Group Inc. (2.87%), Van ECK Associates Corp (2.02%) and Fisher Asset Management LLC (1.75%). 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, Michael Joseph Mckie, Oladipo Iluyomade and Robert Wayne Drummond Jr.
View institutional ownership trends.
How do I buy shares of NexTier Oilfield Solutions?: 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.
Compare Top Brokerages Here.
What is NexTier Oilfield Solutions' stock price today?: One share of NEX stock can currently be purchased for approximately $10.69.
How much money does NexTier Oilfield Solutions make?: NexTier Oilfield Solutions (NYSE:NEX) has a market capitalization of $2.44 billion and generates $3.65 billion in revenue each year. The company earns $314.97 million in net income (profit) each year or $2.67 on an earnings per share basis.
How many employees does NexTier Oilfield Solutions have?: The company employs 4,302 workers across the globe.
How can I contact NexTier Oilfield Solutions?: 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.

This page (NYSE:NEX) was last updated on 9/28/2023 by MarketBeat.com Staff

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

NexTier Oilfield Solutions 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 NexTier Oilfield Solutions (NYSE:NEX) Stock

NEX Price History

NEX Stock News Headlines

NEX Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

NEX Stock - Frequently Asked Questions

Overall MarketRank^™