NexTier Oilfield Solutions Inc. [NYSE: NEX] loss -2.30% on the last trading session, reaching $2.98 price per share at the time. The company report on August 3, 2020 that NexTier Announces Second Quarter 2020 Financial and Operational Results.
NexTier Oilfield Solutions Inc. (NYSE: NEX) (“NexTier” or the “Company”) today reported second quarter 2020 financial and operational results.
Second Quarter 2020 Results and Recent Highlights.
NexTier Oilfield Solutions Inc. represents 213.76 million in outstanding shares, while the company has a total market value of $628.04 million with the latest information. NEX stock price has been found in the range of $2.95 to $3.22.
If compared to the average trading volume of 1.60M shares, NEX reached a trading volume of 1110004 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about NexTier Oilfield Solutions Inc. [NEX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NEX shares is $3.84 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NEX stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for NexTier Oilfield Solutions Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 13, 2020. The new note on the price target was released on March 11, 2020, representing the official price target for NexTier Oilfield Solutions Inc. stock.
The Average True Range (ATR) for NexTier Oilfield Solutions Inc. is set at 0.21, with the Price to Sales ratio for NEX stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 0.89, with the Price to Cash per share for the same quarter was set at 1.60. Price to Free Cash Flow for NEX in the course of the last twelve months was 6.18 with Quick ratio for the last quarter at 2.30.
Trading performance analysis for NEX stock
NexTier Oilfield Solutions Inc. [NEX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.43. With this latest performance, NEX shares gained by 37.96% in over the last four-week period, additionally sinking by -42.47% over the last 6 months – not to mention a drop of -43.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NEX stock in for the last two-week period is set at 59.15, with the RSI for the last a single of trading hit 63.49, and the three-weeks RSI is set at 56.96 for NexTier Oilfield Solutions Inc. [NEX]. The present Moving Average for the last 50 days of trading for this stock 2.72, while it was recorded at 2.90 for the last single week of trading, and 3.76 for the last 200 days.
NexTier Oilfield Solutions Inc. [NEX]: A deeper dive into fundamental analysis
NexTier Oilfield Solutions Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 2.50.
NexTier Oilfield Solutions Inc. [NEX]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, NexTier Oilfield Solutions Inc. posted 0.11/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 83.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NEX.
An analysis of insider ownership at NexTier Oilfield Solutions Inc. [NEX]
There are presently around $569 million, or 91.40% of NEX stock, in the hands of institutional investors. The top three institutional holders of NEX stocks are: FEINBERG STEPHEN with ownership of 40,085,643, which is approximately 0% of the company’s market cap and around 2.60% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 18,076,239 shares of the stock with an approximate value of $53.87 million in NEX stocks shares; and VANGUARD GROUP INC, currently with $44.81 million in NEX stock with ownership of nearly 2.04% of the company’s market capitalization.
64 institutional holders increased their position in NexTier Oilfield Solutions Inc. [NYSE:NEX] by around 18,132,955 shares. Additionally, 100 investors decreased positions by around 35,389,357 shares, while 22 investors held positions by with 137,296,012 shares. The mentioned changes placed institutional holdings at 190,818,324 shares, according to the latest SEC report filing. NEX stock had 12 new institutional investments in for a total of 4,869,633 shares, while 38 institutional investors sold positions of 13,018,440 shares during the same period.