Nuverra Environmental Solutions (NYSEAMERICAN:NES) Shares Down 0.5%

Nuverra Environmental Solutions, Inc. (NYSEAMERICAN:NES) shares dropped 0.5% during mid-day trading on Tuesday . The company traded as low as $1.99 and last traded at $2.03. Approximately 2,895 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 26,604 shares. The stock had previously closed at $2.04.

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.74 and a current ratio of 1.91. The firm has a market cap of $32.32 million, a PE ratio of -1.24 and a beta of 1.12.

Nuverra Environmental Solutions (NYSEAMERICAN:NES) last issued its quarterly earnings results on Thursday, August 19th. The company reported ($0.41) earnings per share (EPS) for the quarter. The business had revenue of $24.77 million for the quarter. Nuverra Environmental Solutions had a negative return on equity of 20.60% and a negative net margin of 26.77%.

Several institutional investors and hedge funds have recently made changes to their positions in NES. Citadel Advisors LLC purchased a new stake in shares of Nuverra Environmental Solutions during the 1st quarter worth $75,000. Renaissance Technologies LLC raised its stake in Nuverra Environmental Solutions by 179.0% in the 1st quarter. Renaissance Technologies LLC now owns 87,900 shares of the company’s stock valued at $202,000 after purchasing an additional 56,400 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Nuverra Environmental Solutions in the 1st quarter valued at about $56,000. Institutional investors and hedge funds own 88.94% of the company’s stock.

Nuverra Environmental Solutions Company Profile (NYSEAMERICAN:NES)

Nuverra Environmental Solutions, Inc engages in the development and ongoing production of oil and natural gas from shale formations. It operates through the following segments: Rocky Mountain; Northeast; Southern; and Corporate and Other. The Rocky Mountain segment include Bakken shale area. The Northeast segment comprises Marcellus and Utica shale areas.

Further Reading: Mutual funds are not immune from market timing

Receive News & Ratings for Nuverra Environmental Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuverra Environmental Solutions and related companies with MarketBeat.com's FREE daily email newsletter.