How have the shares performed?
NexTier Oilfield Solutions Inc. (NEX) saw an uptrend of 3.68% in the recent trading with $4.79 being its most recent. The current price level -16.55% lower than the highest price of $5.74 marked by the stock while trading over the past 52-weeks, whereas it is 203.16% higher than the lowest price of $1.58 the company dropped to over past 52-weeks. The latest news story on NEX appeared in Zacks under the title “CNOOC (CEO) Begins Production in China Deepwater Gas Field” on May-10-21.
Looking into the simple moving average, NexTier Oilfield Solutions Inc. (NEX)’s stock stands at a SMA-50 of $3.97 while that of 5-day is reading $4.44.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and NEX’s SMA-200 as of now is $3.21.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.90 for the stock.
NexTier Oilfield Solutions Inc. Earnings – What Happened With NEX
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. NexTier Oilfield Solutions Inc. (NEX) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 20.70% for net revenue.
NEX – NexTier Oilfield Solutions Inc. Stock Earnings Estimates
The perspective of NexTier Oilfield Solutions Inc. (NYSE:NEX)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.29 for stock’s EPS in the current quarter. 9 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -0.23.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 215.11 million. NEX does have institutional investors; and they hold 92.70% of the stock.
NexTier Oilfield Solutions Inc. – Insider Activity and Holdings
As on Dec 30, 2020, Cerberus Capital Management, L.P. was the top most holder in NexTier Oilfield Solutions Inc. (NYSE:NEX) with an ownership of 40.08 million shares of the company or 18.60% of the stake worth $137.89 million. The filing also reveals Price (T.Rowe) Associates Inc as the second largest holder in the company with a control over 9.65% of the outstanding shares. Its stake is worth $71.53 million for having 20.79 million shares in hand.
Vanguard Group, Inc. (The) also came holding a key position in the company during the recent quarter and it now holds 7.06% of the outstanding shares. With this there are now 204 institutions which have possession in NEX’s shares.
Currently, the stock has been recommended as Strong Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.90 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, NexTier Oilfield Solutions Inc. has a debt to equity ratio of 0.66.
NexTier Oilfield Solutions Inc.’s return on equity, or ROE, is -55.10%, compared to the industry average of -4.55% for Energy – Oil & Gas Equipment & Services. Although this indicates that NEX fails to use its equity well, the metric will vary significantly depending on the industry.