NextDecade (NASDAQ:NEXT – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday, Zacks reports.
A number of other equities analysts also recently commented on the stock. UBS Group reiterated a “neutral” rating on shares of NextDecade in a report on Friday. Wall Street Zen lowered shares of NextDecade from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 24th. The Goldman Sachs Group restated a “neutral” rating on shares of NextDecade in a report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextDecade in a research report on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NextDecade has an average rating of “Moderate Buy” and an average price target of $8.10.
Read Our Latest Stock Report on NextDecade
NextDecade Trading Up 1.7%
NEXT opened at $7.38 on Thursday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of -18.45 and a beta of 1.53. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 3.70. NextDecade has a 12 month low of $4.75 and a 12 month high of $9.24. The stock has a fifty day moving average price of $6.86 and a 200-day moving average price of $6.94.
NextDecade (NASDAQ:NEXT – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.71) by $1.25. As a group, equities research analysts anticipate that NextDecade will post -2.10 earnings per share for the current fiscal year.
Institutional Trading of NextDecade
Several large investors have recently bought and sold shares of the stock. Nykredit A S purchased a new position in NextDecade in the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC lifted its position in NextDecade by 302.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,205 shares of the company’s stock worth $32,000 after acquiring an additional 3,161 shares during the period. NewEdge Advisors LLC lifted its position in NextDecade by 112.5% during the 2nd quarter. NewEdge Advisors LLC now owns 5,327 shares of the company’s stock worth $40,000 after acquiring an additional 2,820 shares during the period. PNC Financial Services Group Inc. grew its stake in NextDecade by 153.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,602 shares of the company’s stock valued at $43,000 after purchasing an additional 3,396 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in NextDecade during the 2nd quarter valued at about $50,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.
NextDecade News Summary
Here are the key news stories impacting NextDecade this week:
- Positive Sentiment: Rio Grande LNG is reportedly ahead of schedule. NextDecade said it expects first LNG production from Train 1 in the second quarter of 2027, with project progress described as approximately one quarter ahead of schedule. Earlier production would improve the company’s path toward revenue generation and support investor confidence. NextDecade expects first LNG from Train 1 in Q2 2027 and targets Train 6 FID in second half of next year
- Positive Sentiment: Management is targeting additional expansion. NextDecade plans to make a final investment decision on Train 6 in the second half of 2027. The company also outlined a regulatory timeline for later Rio Grande LNG trains, potentially strengthening its long-term growth outlook. NextDecade offers regulatory timeline for latest Rio Grande LNG trains
- Positive Sentiment: Third-quarter results exceeded expectations. NextDecade reported earnings of $0.54 per share versus the consensus estimate of a $0.71 per-share loss, marking a significant swing to profitability and helping drive the positive market reaction. NextDecade Provides Third Quarter 2026 Business Update
- Neutral Sentiment: Options activity indicated increased bullish speculation. Traders purchased 2,936 call options, about 16% above typical volume. This may reflect expectations for further gains, but it does not necessarily represent long-term investment conviction.
- Negative Sentiment: Execution and financing remain important risks. NextDecade still faces the usual construction, regulatory and commissioning risks associated with a large LNG project. Its elevated leverage and weak liquidity metrics also leave the stock sensitive to cost overruns, delays or additional funding requirements.
About NextDecade
NextDecade Corporation is an energy company focused on developing liquefied natural gas (LNG) infrastructure and related carbon-management solutions. The company’s principal project is Rio Grande LNG, an LNG export facility located near Brownsville, Texas, on the U.S. Gulf Coast.
Rio Grande LNG is designed to receive natural gas, process it into LNG, and export the product by ship to customers in international markets. The project is being developed in multiple phases and is intended to serve energy markets in Europe, Asia and other regions seeking access to U.S.
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