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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
▼
$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
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

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
0.91mentions of NexTier Oilfield Solutions in the last 14 days
Based on 3 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

3rd out of 3 stocks

Oil & Gas Equipment & Services Industry

1st out of 1 stocks

See Top Rated MarketRank™ Stocks Here

NEX stock logo

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

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
September 26, 2023 | Micro-Cap Stock Trader (Ad)
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
September 21, 2023 | americanbankingnews.com
Head to Head Analysis: NexTier Oilfield Solutions (NYSE:NEX) and NXT Energy Solutions (OTCMKTS:NSFDF)
September 17, 2023 | americanbankingnews.com
Head-To-Head Review: NexTier Oilfield Solutions (NYSE:NEX) and Source Energy Services (OTCMKTS:SCEYF)
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
September 26, 2023 | Micro-Cap Stock Trader (Ad)
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
August 21, 2023 | stocknews.com
3 Energy Investments for Every Day Traders
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
See More Headlines
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NEX Company Calendar

Last Earnings
7/25/2023
Today
9/26/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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 year. 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 analysts have issued 12 month target prices for NexTier Oilfield Solutions' shares. Their NEX share price forecasts range from $7.00 to $19.00. On average, they anticipate the company's share 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 stock has 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 data on Tuesday, July, 25th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. The company earned $945.09 million during the quarter, compared to the consensus estimate of $948.66 million. NexTier Oilfield Solutions had a trailing twelve-month return on equity of 61.01% and a net margin of 17.59%.

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 variety of institutional and retail 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 9/26/2023 by MarketBeat.com Staff

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