NexTier Oilfield Solutions - NEX Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NexTier Oilfield Solutions in the last year. There are currently 3 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" NEX shares.
View NEX analyst ratings or view top-rated stocks.

7 brokers have issued 1-year target prices for NexTier Oilfield Solutions' shares. Their NEX share price forecasts range from $9.50 to $19.00. On average, they expect the company's share price to reach $13.59 in the next year. This suggests a possible upside of 80.7% from the stock's current price.
View analysts price targets for NEX or view top-rated stocks among Wall Street analysts.

NexTier Oilfield Solutions' stock was trading at $9.24 at the beginning of 2023. Since then, NEX stock has decreased by 18.6% and is now trading at $7.52.
View the best growth stocks for 2023 here.

NexTier Oilfield Solutions saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 9,430,000 shares, an increase of 15.0% from the January 31st total of 8,200,000 shares. Based on an average daily volume of 3,150,000 shares, the short-interest ratio is presently 3.0 days. Currently, 6.4% of the shares of the stock are sold short.
View NexTier Oilfield Solutions' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our NEX earnings forecast.

NexTier Oilfield Solutions Inc. (NYSE:NEX) released its quarterly earnings data on Wednesday, February, 15th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13. The business had revenue of $870.86 million for the quarter, compared to the consensus estimate of $871.20 million. NexTier Oilfield Solutions had a net margin of 9.71% and a trailing twelve-month return on equity of 53.82%.

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), VanEck Oil Services ETF (OIH), Invesco Dynamic Oil & Gas Services ETF (PXJ), Invesco DWA Energy Momentum ETF (PXI), Direxion Daily Oil Services Bull 2X Shares (ONG), iShares U.S. Oil Equipment & Services ETF (IEZ), First Trust Small Cap Growth AlphaDEX Fund (FYC) and Invesco Raymond James SB-1 Equity ETF (RYJ).

NexTier Oilfield Solutions updated its first quarter 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $923.11M-, compared to the consensus revenue estimate of $941.24 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 institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (4.16%), Van ECK Associates Corp (3.20%), Dimensional Fund Advisors LP (2.62%), Fisher Asset Management LLC (1.81%), Boston Partners (1.76%) and Aristotle Capital Boston LLC (1.36%). 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.
View institutional ownership trends.

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.

One share of NEX stock can currently be purchased for approximately $7.52.

NexTier Oilfield Solutions (NYSE:NEX) has a market capitalization of $1.76 billion and generates $3.24 billion in revenue each year. The company earns $314.97 million in net income (profit) each year or $1.27 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.