NexTier Oilfield Solutions - NEX Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NexTier Oilfield Solutions in the last twelve months. There are currently 4 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NEX shares.
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8 analysts have issued 1-year price objectives for NexTier Oilfield Solutions' shares. Their NEX share price forecasts range from $9.00 to $19.00. On average, they anticipate the company's share price to reach $13.73 in the next twelve months. This suggests a possible upside of 55.1% from the stock's current price.
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NexTier Oilfield Solutions' stock was trading at $9.24 at the start of the year. Since then, NEX shares have decreased by 4.2% and is now trading at $8.85.
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NexTier Oilfield Solutions saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 8,250,000 shares, an increase of 36.8% from the December 15th total of 6,030,000 shares. Based on an average daily volume of 3,120,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 4.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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NexTier Oilfield Solutions will be holding an earnings conference call on Thursday, February 16th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7728864".

NexTier Oilfield Solutions Inc. (NYSE:NEX) released its earnings results on Monday, November, 8th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by $0.01. The company had revenue of $393.20 million for the quarter, compared to analysts' expectations of $403.95 million. NexTier Oilfield Solutions had a trailing twelve-month return on equity of 38.98% and a net margin of 6.69%. The firm's revenue was up 140.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.41) EPS.

NexTier Oilfield Solutions updated its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $860.17 million-$878.09 million, compared to the consensus revenue estimate of $874.05 million.

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 Assenagon Asset Management S.A. (0.53%), Calamos Advisors LLC (0.04%), Strs Ohio (0.03%), Allspring Global Investments Holdings LLC (0.02%), K.J. Harrison & Partners Inc (0.01%) and New York State Teachers Retirement System (0.01%). 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 $8.85.

NexTier Oilfield Solutions (NYSE:NEX) has a market capitalization of $2.17 billion and generates $1.42 billion in revenue each year. The company earns $-119,420,000.00 in net income (profit) each year or $0.77 on an earnings per share basis.

The company employs 3,340 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.