Zacks Investment Research upgraded shares of Nextdecade (NASDAQ:NEXT) from a sell rating to a hold rating in a report issued on Saturday.

According to Zacks, “NextDecade Corporation is a development and management company of land-based and floating LNG projects primarily in the global integrated natural gas industry. It principally focuses on a land-based project on the U.S. Gulf Coast called Rio Grande LNG in Brownsville, Texas. NextDecade Corporation is based in The Woodlands, United States. “

A number of other research firms have also recently weighed in on NEXT. ValuEngine upgraded Nextdecade from a sell rating to a hold rating in a research note on Friday, September 7th. Wolfe Research assumed coverage on Nextdecade in a research note on Tuesday, November 13th. They issued an underperform rating on the stock. Bank of America cut Nextdecade from a buy rating to a neutral rating and set a $6.00 target price on the stock. in a research report on Friday, September 7th. Cowen cut Nextdecade from an outperform rating to a market perform rating in a research report on Wednesday, September 26th. Finally, Credit Suisse Group assumed coverage on Nextdecade in a research report on Thursday, October 11th. They set a neutral rating and a $6.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $6.90.

Nextdecade stock opened at $4.75 on Friday. Nextdecade has a 1-year low of $3.95 and a 1-year high of $10.29.

Institutional investors and hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System acquired a new stake in shares of Nextdecade during the second quarter worth about $137,000. Bank of New York Mellon Corp acquired a new stake in shares of Nextdecade during the second quarter worth about $160,000. Schwab Charles Investment Management Inc. increased its position in shares of Nextdecade by 44.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 55,799 shares of the company’s stock worth $382,000 after purchasing an additional 17,151 shares in the last quarter. Northern Trust Corp increased its position in shares of Nextdecade by 434.9% during the second quarter. Northern Trust Corp now owns 85,450 shares of the company’s stock worth $585,000 after purchasing an additional 69,474 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in shares of Nextdecade by 422.8% during the third quarter. Verition Fund Management LLC now owns 135,919 shares of the company’s stock worth $768,000 after purchasing an additional 109,919 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

Nextdecade Company Profile

NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 4.5 Bcf/d Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.

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