Hara Capital LLC purchased a new position in shares of NextDecade Corporation (NASDAQ:NEXT – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 105,730 shares of the company’s stock, valued at approximately $797,000.
Several other large investors have also made changes to their positions in the company. US Bancorp DE raised its position in NextDecade by 22,782.4% during the third quarter. US Bancorp DE now owns 3,890 shares of the company’s stock valued at $26,000 after purchasing an additional 3,873 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of NextDecade by 302.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,205 shares of the company’s stock valued at $32,000 after purchasing an additional 3,161 shares during the last quarter. Comerica Bank raised its holdings 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 buying an additional 1,900 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of NextDecade during the 2nd quarter worth $36,000. Finally, Aster Capital Management DIFC Ltd lifted its position in shares of NextDecade by 111.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 7,201 shares of the company’s stock worth $38,000 after buying an additional 3,792 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently commented on NEXT. The Goldman Sachs Group assumed coverage on shares of NextDecade in a report on Wednesday, July 15th. They issued a “neutral” rating and a $8.50 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of NextDecade in a research report on Friday, July 24th. Finally, Citigroup began coverage on shares of NextDecade in a research report on Wednesday, May 13th. They issued a “buy” rating and a $11.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NextDecade presently has a consensus rating of “Hold” and an average target price of $8.10.
NextDecade Stock Up 4.2%
NASDAQ:NEXT opened at $7.00 on Friday. NextDecade Corporation has a one year low of $4.75 and a one year high of $11.27. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $1.86 billion, a PE ratio of -5.15 and a beta of 1.55. The firm’s 50 day simple moving average is $7.29 and its 200 day simple moving average is $7.14.
NextDecade (NASDAQ:NEXT – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.66) by $0.41. On average, research analysts anticipate that NextDecade Corporation will post -2.94 earnings per share for the current year.
NextDecade Profile
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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