Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their price target on shares of NexTier Oilfield Solutions from $14.00 to $17.00 in a research report on Thursday, June 16th. TheStreet raised NexTier Oilfield Solutions from a d+ rating to a c rating in a report on Tuesday, February 22nd. StockNews.com started coverage on NexTier Oilfield Solutions in a research note on Thursday, March 31st. They set a hold rating on the stock. JPMorgan Chase & Co. boosted their price objective on NexTier Oilfield Solutions from $9.00 to $13.00 in a research note on Friday, April 29th. Finally, Susquehanna Bancshares increased their price objective on NexTier Oilfield Solutions from $7.70 to $9.00 and gave the company a neutral rating in a report on Friday, March 4th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $13.61.
Shares of NYSE NEX opened at $9.18 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.09. NexTier Oilfield Solutions has a fifty-two week low of $3.06 and a fifty-two week high of $12.50. The firm has a market capitalization of $2.24 billion, a PE ratio of -34.00 and a beta of 2.12. The stock’s 50-day simple moving average is $10.67 and its 200-day simple moving average is $8.10.
In related news, EVP Kevin M. Mcdonald sold 50,000 shares of NexTier Oilfield Solutions stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $12.02, for a total value of $601,000.00. Following the transaction, the executive vice president now directly owns 260,738 shares in the company, valued at approximately $3,134,070.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kevin M. Mcdonald sold 26,090 shares of the company’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $11.00, for a total transaction of $286,990.00. Following the transaction, the executive vice president now owns 334,048 shares of the company’s stock, valued at approximately $3,674,528. The disclosure for this sale can be found here. In the last three months, insiders sold 7,197,690 shares of company stock worth $77,924,360. Corporate insiders own 12.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in NEX. Van ECK Associates Corp boosted its stake in shares of NexTier Oilfield Solutions by 87.2% in the first quarter. Van ECK Associates Corp now owns 8,019,096 shares of the company’s stock valued at $74,096,000 after buying an additional 3,735,488 shares in the last quarter. SIR Capital Management L.P. lifted its holdings in NexTier Oilfield Solutions by 237.6% in the fourth quarter. SIR Capital Management L.P. now owns 2,779,386 shares of the company’s stock valued at $9,867,000 after acquiring an additional 1,956,030 shares during the period. Russell Investments Group Ltd. lifted its holdings in NexTier Oilfield Solutions by 33.1% in the fourth quarter. Russell Investments Group Ltd. now owns 7,335,585 shares of the company’s stock valued at $26,039,000 after acquiring an additional 1,822,786 shares during the period. Bank of New York Mellon Corp boosted its position in shares of NexTier Oilfield Solutions by 266.2% during the 1st quarter. Bank of New York Mellon Corp now owns 2,401,437 shares of the company’s stock worth $22,189,000 after purchasing an additional 1,745,628 shares in the last quarter. Finally, MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income acquired a new position in shares of NexTier Oilfield Solutions during the 4th quarter worth $6,092,000. 80.49% of the stock is currently owned by institutional investors.
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.
- Get a free copy of the StockNews.com research report on NexTier Oilfield Solutions (NEX)
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