NextDecade (NASDAQ:NEXT) Now Covered by Analysts at Capital One Financial

Equities research analysts at Capital One Financial assumed coverage on shares of NextDecade (NASDAQ:NEXT) in a research note issued on Friday. The brokerage set an “overweight” rating and a $7.00 price target on the stock. Capital One Financial‘s price target would indicate a potential upside of 45.23% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextDecade in a report on Monday, December 29th. TD Cowen decreased their price objective on shares of NextDecade from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $8.00.

NextDecade Trading Down 4.6%

NASDAQ:NEXT opened at $4.82 on Friday. The stock has a fifty day simple moving average of $5.39 and a 200 day simple moving average of $7.12. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -6.60 and a beta of 1.99. NextDecade has a 1-year low of $4.75 and a 1-year high of $12.12. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.34.

Insider Transactions at NextDecade

In other news, major shareholder Aerospace Co. Ltd. Hanwha bought 800,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were bought at an average cost of $5.54 per share, with a total value of $4,432,000.00. Following the transaction, the insider directly owned 26,420,222 shares in the company, valued at approximately $146,368,029.88. This trade represents a 3.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 7,177,861 shares of company stock worth $42,393,247 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NextDecade

Several hedge funds have recently made changes to their positions in NEXT. Westwood Holdings Group Inc. increased its holdings in NextDecade by 6.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,255,874 shares of the company’s stock valued at $11,190,000 after buying an additional 76,238 shares during the period. ELCO Management Co. LLC grew its holdings in shares of NextDecade by 40.7% in the 2nd quarter. ELCO Management Co. LLC now owns 239,768 shares of the company’s stock worth $2,136,000 after purchasing an additional 69,300 shares during the last quarter. Geode Capital Management LLC boosted its position in NextDecade by 12.3% in the second quarter. Geode Capital Management LLC now owns 3,541,633 shares of the company’s stock valued at $31,559,000 after buying an additional 386,613 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in NextDecade by 2.3% during the second quarter. Catalyst Capital Advisors LLC now owns 4,704,427 shares of the company’s stock worth $41,916,000 after buying an additional 107,004 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of NextDecade during the second quarter worth approximately $815,000. Institutional investors 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.