NexTier Oilfield Solutions (NYSE:NEX – Get Rating) will post its quarterly earnings results after the market closes on Wednesday, April 27th. Analysts expect NexTier Oilfield Solutions to post earnings of ($0.02) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
NexTier Oilfield Solutions (NYSE:NEX – Get Rating) last announced its quarterly earnings results on Monday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.08. NexTier Oilfield Solutions had a negative return on equity of 23.16% and a negative net margin of 8.39%. The business had revenue of $509.73 million for the quarter, compared to the consensus estimate of $505.48 million. During the same quarter last year, the business posted ($0.32) EPS. On average, analysts expect NexTier Oilfield Solutions to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NEX stock opened at $11.22 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market cap of $2.74 billion, a PE ratio of -20.04 and a beta of 2.42. The firm’s fifty day moving average price is $8.82. NexTier Oilfield Solutions has a 1 year low of $3.06 and a 1 year high of $11.72.
In other NexTier Oilfield Solutions news, insider Michael Joseph Mckie sold 124,987 shares of the stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $8.66, for a total value of $1,082,387.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Alamo Frac Holdings, Llc sold 454,600 shares of the stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $8.55, for a total transaction of $3,886,830.00. The disclosure for this sale can be found here. Insiders sold a total of 1,075,663 shares of company stock valued at $9,487,666 over the last ninety days. 2.20% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of NexTier Oilfield Solutions by 338.2% in the second quarter. Royal Bank of Canada now owns 14,833 shares of the company’s stock worth $70,000 after buying an additional 11,448 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in NexTier Oilfield Solutions during the third quarter valued at approximately $75,000. Public Employees Retirement System of Ohio increased its holdings in NexTier Oilfield Solutions by 12.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 21,875 shares of the company’s stock valued at $78,000 after buying an additional 2,407 shares during the last quarter. LPL Financial LLC boosted its position in shares of NexTier Oilfield Solutions by 54.7% during the third quarter. LPL Financial LLC now owns 23,442 shares of the company’s stock worth $108,000 after acquiring an additional 8,290 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of NexTier Oilfield Solutions by 35.0% during the fourth quarter. MetLife Investment Management LLC now owns 60,275 shares of the company’s stock worth $214,000 after acquiring an additional 15,636 shares during the last quarter. 74.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on NEX shares. StockNews.com started coverage on NexTier Oilfield Solutions in a research report on Thursday, March 31st. They set a “hold” rating for the company. Susquehanna Bancshares boosted their target price on NexTier Oilfield Solutions from $7.70 to $9.00 and gave the stock a “neutral” rating in a report on Friday, March 4th. Morgan Stanley upped their price objective on NexTier Oilfield Solutions from $8.00 to $11.00 and gave the stock an “overweight” rating in a report on Monday, April 11th. Piper Sandler increased their price target on NexTier Oilfield Solutions from $9.50 to $11.60 and gave the company a “neutral” rating in a research note on Wednesday, April 13th. Finally, Susquehanna increased their target price on NexTier Oilfield Solutions from $7.70 to $9.00 and gave the stock a “neutral” rating in a report on Friday, March 4th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.12.
NexTier Oilfield Solutions Company Profile
NexTier Oilfield Solutions Inc, through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates through two segments, Completion Services, and Well Construction and Intervention Services. The Completion Services segment offers hydraulic fracturing services to enhance production of oil and natural gas from formations with low permeability and restricted flow of hydrocarbons; wireline services; and perforating, pumpdown, pipe recovery, pressure pumping, and wellsite make-up and pressure testing services.