NexTier Oilfield Solutions Inc. (NYSE:NEX) Receives $13.59 Consensus Price Target from Brokerages

Shares of NexTier Oilfield Solutions Inc. (NYSE:NEX – Get Rating) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $13.59.

A number of analysts recently issued reports on the stock. Raymond James began coverage on shares of NexTier Oilfield Solutions in a research report on Friday, December 9th. They set a “strong-buy” rating and a $19.00 target price on the stock. StockNews.com began coverage on shares of NexTier Oilfield Solutions in a research report on Thursday. They issued a “strong-buy” rating for the company. Citigroup boosted their price objective on shares of NexTier Oilfield Solutions from $12.00 to $12.50 and gave the company a “buy” rating in a research report on Friday, February 17th. Morgan Stanley reduced their target price on shares of NexTier Oilfield Solutions from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 4th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $10.00 price target on shares of NexTier Oilfield Solutions in a research note on Tuesday, March 14th.

Institutional Investors Weigh In On NexTier Oilfield Solutions

A number of hedge funds have recently made changes to their positions in the company. Harbor Investment Advisory LLC bought a new stake in NexTier Oilfield Solutions during the 4th quarter worth about $36,000. Captrust Financial Advisors raised its holdings in NexTier Oilfield Solutions by 42.9% during the 2nd quarter. Captrust Financial Advisors now owns 4,066 shares of the company’s stock worth $39,000 after buying an additional 1,221 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of NexTier Oilfield Solutions in the third quarter valued at approximately $33,000. Macquarie Group Ltd. raised its holdings in shares of NexTier Oilfield Solutions by 52.7% in the second quarter. Macquarie Group Ltd. now owns 6,831 shares of the company’s stock valued at $65,000 after purchasing an additional 2,357 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of NexTier Oilfield Solutions in the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 76.09% of the company’s stock.

NexTier Oilfield Solutions Trading Down 2.4 %

Shares of NEX stock opened at $7.59 on Thursday. NexTier Oilfield Solutions has a fifty-two week low of $6.66 and a fifty-two week high of $12.50. The company has a 50 day moving average price of $9.25 and a 200 day moving average price of $9.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.19 and a current ratio of 1.31. The stock has a market capitalization of $1.77 billion, a P/E ratio of 5.98, a price-to-earnings-growth ratio of 1.24 and a beta of 2.10.

NexTier Oilfield Solutions (NYSE:NEX – Get Rating) last announced its quarterly earnings results on Wednesday, February 15th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13. NexTier Oilfield Solutions had a net margin of 9.71% and a return on equity of 53.82%. The firm had revenue of $870.86 million for the quarter, compared to analyst estimates of $871.20 million. Equities research analysts predict that NexTier Oilfield Solutions will post 2.48 EPS for the current fiscal year.

About NexTier Oilfield Solutions

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NexTier Oilfield Solutions, Incis an oilfield service company. It offers completion solutions, hydraulic fracturing, wire line, pump down, coiled tubing, cementing, rig services, special services, and fluids management services. The company operates through the following segments: Completion Services, Well Construction and Intervention Services, and Well Support Services.