NexTier Oilfield Solutions (NYSE:NEX) Given a $16.50 Price Target by ATB Capital Analysts

ATB Capital set a $16.50 price objective on NexTier Oilfield Solutions (NYSE:NEXGet Rating) in a report published on Monday morning, Stock Target Advisor reports.

Several other research firms have also commented on NEX. Piper Sandler boosted their price objective on shares of NexTier Oilfield Solutions from $12.75 to $15.00 and gave the stock a neutral rating in a research note on Wednesday, June 1st. Barclays boosted their target price on shares of NexTier Oilfield Solutions from $9.00 to $15.00 in a research report on Monday, May 2nd. StockNews.com started coverage on shares of NexTier Oilfield Solutions in a research report on Thursday, March 31st. They set a hold rating on the stock. Stifel Nicolaus boosted their target price on shares of NexTier Oilfield Solutions from $14.00 to $17.00 in a research report on Thursday, June 16th. Finally, Morgan Stanley boosted their target price on shares of NexTier Oilfield Solutions from $8.00 to $11.00 and gave the stock an overweight rating in a research report on Monday, April 11th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $13.61.

NYSE NEX opened at $8.78 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.09 and a debt-to-equity ratio of 0.68. The firm has a market cap of $2.14 billion, a PE ratio of -32.52 and a beta of 2.12. The company has a 50 day moving average price of $10.62 and a 200 day moving average price of $8.13. NexTier Oilfield Solutions has a 52 week low of $3.06 and a 52 week high of $12.50.

NexTier Oilfield Solutions (NYSE:NEXGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.05 EPS for the quarter. The firm had revenue of $635.04 million during the quarter, compared to analyst estimates of $569.97 million. NexTier Oilfield Solutions had a negative net margin of 3.07% and a negative return on equity of 9.81%. On average, equities research analysts anticipate that NexTier Oilfield Solutions will post 0.97 earnings per share for the current fiscal year.

In related news, CFO Kenneth Pucheu sold 23,500 shares of the business’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $11.02, for a total value of $258,970.00. Following the completion of the transaction, the chief financial officer now directly owns 134,544 shares in the company, valued at approximately $1,482,674.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Keane Investor Holdings Llc sold 7,000,000 shares of the business’s stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $10.80, for a total transaction of $75,600,000.00. Following the completion of the transaction, the insider now owns 32,330,828 shares of the company’s stock, valued at $349,172,942.40. The disclosure for this sale can be found here. Insiders sold a total of 7,197,690 shares of company stock worth $77,924,360 over the last ninety days. Insiders own 12.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its stake in shares of NexTier Oilfield Solutions by 7.9% in the 1st quarter. Hsbc Holdings PLC now owns 25,090 shares of the company’s stock valued at $235,000 after purchasing an additional 1,831 shares during the period. Nisa Investment Advisors LLC acquired a new position in NexTier Oilfield Solutions during the first quarter worth $49,000. Arizona State Retirement System raised its position in NexTier Oilfield Solutions by 12.6% during the first quarter. Arizona State Retirement System now owns 49,056 shares of the company’s stock worth $453,000 after acquiring an additional 5,505 shares during the period. Teacher Retirement System of Texas raised its position in NexTier Oilfield Solutions by 21.6% during the fourth quarter. Teacher Retirement System of Texas now owns 31,561 shares of the company’s stock worth $112,000 after acquiring an additional 5,615 shares during the period. Finally, Point72 Hong Kong Ltd raised its position in NexTier Oilfield Solutions by 2,229.4% during the third quarter. Point72 Hong Kong Ltd now owns 6,103 shares of the company’s stock worth $28,000 after acquiring an additional 5,841 shares during the period. Hedge funds and other institutional investors own 80.49% of the company’s stock.

About NexTier Oilfield Solutions (Get Rating)

NexTier Oilfield Solutions Inc, through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates through 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.

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Analyst Recommendations for NexTier Oilfield Solutions (NYSE:NEX)

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