NextDecade (NASDAQ:NEXT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of NextDecade (NASDAQ:NEXT) from a strong sell rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of NextDecade in a report on Friday, July 24th. The Goldman Sachs Group started coverage on shares of NextDecade in a report on Wednesday, July 15th. They set a “neutral” rating and a $8.50 target price for the company. Finally, Citigroup assumed coverage on shares of NextDecade in a research note on Wednesday, May 13th. They issued a “buy” rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.10.

NextDecade Price Performance

NASDAQ:NEXT opened at $7.34 on Friday. The firm’s fifty day moving average is $7.26 and its two-hundred day moving average is $7.32. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -5.40 and a beta of 1.57. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.37 and a current ratio of 0.37. NextDecade has a one year low of $4.75 and a one year high of $10.84.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.41. Research analysts expect that NextDecade will post -2.94 EPS for the current year.

Institutional Investors Weigh In On NextDecade

A number of institutional investors have recently added to or reduced their stakes in the stock. Nykredit A S acquired a new stake in shares of NextDecade in the second quarter valued at about $25,000. US Bancorp DE raised its holdings in shares of 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 acquiring an additional 3,873 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of NextDecade in the second quarter valued at approximately $36,000. Comerica Bank lifted its position in shares of NextDecade by 88.0% in the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after acquiring an additional 1,900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of NextDecade by 302.8% in the first 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 last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.

NextDecade Company 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.