Equities research analysts expect that NexTier Oilfield Solutions Inc. (NYSE:NEX) will announce earnings per share of ($0.20) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for NexTier Oilfield Solutions’ earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.30). NexTier Oilfield Solutions reported earnings per share of $0.11 during the same quarter last year, which indicates a negative year-over-year growth rate of 281.8%. The firm is expected to report its next earnings report on Monday, February 24th.
On average, analysts expect that NexTier Oilfield Solutions will report full year earnings of ($0.29) per share for the current fiscal year, with EPS estimates ranging from ($0.85) to ($0.09). For the next financial year, analysts forecast that the firm will post earnings of ($0.21) per share, with EPS estimates ranging from ($0.91) to $0.45. Zacks’ EPS averages are an average based on a survey of analysts that cover NexTier Oilfield Solutions.
NEX has been the subject of several research reports. Citigroup began coverage on NexTier Oilfield Solutions in a report on Wednesday, November 27th. They issued a “buy” rating and a $5.80 target price for the company. Credit Suisse Group assumed coverage on NexTier Oilfield Solutions in a research note on Tuesday. They set a “neutral” rating and a $6.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on NexTier Oilfield Solutions in a research report on Monday, December 2nd. They set an “overweight” rating and a $9.00 price target on the stock. ValuEngine lowered NexTier Oilfield Solutions from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Co boosted their price objective on NexTier Oilfield Solutions from $8.00 to $8.50 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. NexTier Oilfield Solutions currently has an average rating of “Buy” and an average price target of $8.26.
Shares of NEX stock traded up $0.36 during mid-day trading on Friday, hitting $5.50. 2,133,664 shares of the stock were exchanged, compared to its average volume of 1,438,059. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.69 and a current ratio of 1.79. NexTier Oilfield Solutions has a 12-month low of $4.05 and a 12-month high of $12.50. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 5.98 and a beta of 1.37.
A hedge fund recently bought a new stake in NexTier Oilfield Solutions stock. Public Employees Retirement System of Ohio bought a new stake in NexTier Oilfield Solutions Inc. (NYSE:NEX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 25,685 shares of the company’s stock, valued at approximately $156,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.
About NexTier Oilfield Solutions
NexTier Oilfield Solutions Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.
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