NextDecade (NASDAQ:NEXT – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.15, Zacks reports.
NextDecade Stock Performance
Shares of NASDAQ NEXT remained flat at $7.83 during midday trading on Friday. 5,078,669 shares of the stock were exchanged, compared to its average volume of 3,751,745. The firm has a fifty day moving average of $6.85 and a 200 day moving average of $6.02. The stock has a market cap of $2.07 billion, a PE ratio of -6.69 and a beta of 1.65. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 3.70. NextDecade has a fifty-two week low of $4.75 and a fifty-two week high of $12.12.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on NEXT shares. Capital One Financial assumed coverage on NextDecade in a research report on Friday, February 6th. They issued an “overweight” rating and a $7.00 target price on the stock. Weiss Ratings raised NextDecade from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Morgan Stanley upped their target price on NextDecade from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Finally, TD Cowen cut their target price on NextDecade from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.00.
Insiders Place Their Bets
In other NextDecade news, Director Pamela K.M. Beall purchased 71,500 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was bought at an average price of $7.07 per share, with a total value of $505,505.00. Following the transaction, the director directly owned 71,500 shares of the company’s stock, valued at approximately $505,505. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.
Institutional Investors Weigh In On NextDecade
Several institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. lifted its position in shares of NextDecade by 1.5% during the 3rd quarter. Alliancebernstein L.P. now owns 122,020 shares of the company’s stock worth $829,000 after purchasing an additional 1,800 shares during the last quarter. Comerica Bank lifted its position in shares of NextDecade by 88.0% during the 1st quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after purchasing an additional 1,900 shares during the last quarter. Captrust Financial Advisors lifted its position in NextDecade by 6.2% in the second quarter. Captrust Financial Advisors now owns 55,444 shares of the company’s stock valued at $494,000 after acquiring an additional 3,219 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in NextDecade by 111.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 7,201 shares of the company’s stock valued at $38,000 after acquiring an additional 3,792 shares during the last quarter. Finally, US Bancorp DE lifted its position in NextDecade by 22,782.4% in the third quarter. US Bancorp DE now owns 3,890 shares of the company’s stock valued at $26,000 after acquiring an additional 3,873 shares during the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting NextDecade
Here are the key news stories impacting NextDecade this week:
- Positive Sentiment: Q1 earnings beat: NEXT reported a loss-per-share of ($0.51) vs. consensus ($0.66), beating estimates and providing upside to expectations; management hosted a call and released a slide deck/press release with details. Read More.
- Positive Sentiment: Management action on shipping: CEO said NextDecade will charter more ships to support future LNG liftings — a practical move to reduce delivery/logistics risk for planned export volumes and to improve project execution confidence. Read More.
- Neutral Sentiment: Detailed disclosures available: The full earnings call transcript and the investor presentation were published, giving investors more transparency on timeline, cash needs and project status — useful for modeling but not a directional catalyst by itself. Read More. • Read More.
- Neutral Sentiment: Press coverage/summary: Local and trade press provided Q1 snapshots and analysis that summarize results and context for project timelines; useful for investors but largely descriptive. Read More.
- Negative Sentiment: Analyst stance unchanged: Brokerages’ consensus rating remains around “Hold,” signaling no broad upgrade from the sell side and limiting immediate bullish momentum. Read More.
- Negative Sentiment: Market debate and volatility: Coverage highlighting a recent slide and ensuing debate has amplified short-term volatility and may pressure the stock despite the earnings beat. Read More.
About NextDecade
NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.
NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.
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