NexTier Oilfield Solutions (NEX:NYE) is set to release its quarterly earnings data on Tuesday, April 25th. Analysts are predicting the company to report earnings of $0.60 per share for the quarter, and the company has provided Q1 2023 guidance at EPS.
Previous Quarter Earnings:
In the last quarterly earnings report released on February 15th, NexTier Oilfield Solutions reported earnings of $0.56 EPS, which surpassed the consensus estimates of $0.43 EPS by $0.13. The firm recorded $870.86 million in revenue during the quarter, slightly lower than the consensus estimate of $871.20 million.
The company had a net margin of 9.71% and a return on equity of 53.82%. Analysts are forecasting NexTier Oilfield Solutions to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Nextier Stock Price Analysis:
The market opened on Tuesday with NexTier Oilfield Solutions shares at $8.39. The company’s 12-month low and high are $6.66 and $12.50, respectively.
The firm has a market cap of $1.96 billion, a P/E ratio of 6.61, a PEG ratio of 1.35, and a beta of 2.07. The stock has a 50-day moving average of $8.80 and a 200-day moving average of $9.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.31, and a quick ratio of 1.19.
The company has an average rating of “Strong Buy” with a consensus target price of $14.20, according to Stock Target Advisor.
Nextier Stock-Analyst Ratings:
Several research analysts have provided their views on NexTier Oilfield Solutions. Susquehanna reduced the company’s price target from $10.00 to $8.90 in a research note on April 3rd.
Citigroup increased the target price for NexTier Oilfield Solutions from $12.00 to $12.50 and rated the company as a “buy” in a report on February 17th.
Morgan Stanley reduced their target price for NexTier Oilfield Solutions from $13.00 to $12.00 and rated the company as “equal weight” in a report on January 4th.
Currently, three analysts have rated Nextier stock as a hold rating, four have assigned a buy rating, and one has given a strong buy rating to the company.
Hedge Funds & Institutional Holdings:
Several hedge funds and institutional investors have recently modified their holdings in NexTier Oilfield Solutions. Vanguard Group Inc. increased its stake in the company’s shares by 0.9% in the 3rd quarter.
Dimensional Fund Advisors LP grew its stake in the company’s shares by 14.7% during the first quarter. State Street Corp lifted its holdings in the company’s shares by 21.3% during the first quarter.
Bank of New York Mellon Corp lifted its holdings in the company’s shares by 22.0% during the third quarter, and Invesco Ltd. lifted its holdings in the company’s shares by 99.0% during the first quarter. Institutional investors currently own 76.09% of the Nextier stock.
Company Profile:
NexTier Oilfield Solutions Inc., through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates in two segments, Completion Services, and Well Construction and Intervention Services.
It serves integrated and large independent oil and natural gas exploration and production companies in the United States and internationally. NexTier Oilfield Solutions Inc. was founded in 1973 and is headquartered in Houston, Texas.
