NexTier Oilfield Solutions Inc. [NYSE: NEX] stock went on an upward path that rose over 10.00% on Wednesday, amounting to a one-week price increase of more than 12.99%. The company report on April 22, 2021 that SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating NexTier Oilfield Solutions Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors.
Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of NexTier Oilfield Solutions Inc. (NYSE:NEX).
If you are a shareholder of NexTier Oilfield Solutions Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at:.
Over the last 12 months, NEX stock rose by 97.88%. The one-year NexTier Oilfield Solutions Inc. stock forecast points to a potential upside of 24.6. The average equity rating for NEX stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $783.79 million, with 214.32 million shares outstanding and 196.12 million shares in the current float. Compared to the average trading volume of 1.94M shares, NEX stock reached a trading volume of 2667514 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $4.96 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 2.00. 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.
Citigroup have made an estimate for NexTier Oilfield Solutions Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 06, 2021. The new note on the price target was released on January 27, 2021, representing the official price target for NexTier Oilfield Solutions Inc. stock. On March 13, 2020, analysts decreased their price target for NEX shares from 11.50 to 2.50.
The Average True Range (ATR) for NexTier Oilfield Solutions Inc. is set at 0.22, with the Price to Sales ratio for NEX stock in the period of the last 12 months amounting to 0.65. The Price to Book ratio for the last quarter was 1.44, with the Price to Cash per share for the same quarter was set at 1.32.
NEX Stock Performance Analysis:
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 12.99. With this latest performance, NEX shares gained by 1.91% in over the last four-week period, additionally plugging by 96.84% over the last 6 months – not to mention a rise of 97.88% 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 51.72, with the RSI for the last a single of trading hit 57.95, and the three-weeks RSI is set at 49.61 for NexTier Oilfield Solutions Inc. [NEX]. The present Moving Average for the last 50 days of trading for this stock 4.06, while it was recorded at 3.40 for the last single week of trading, and 3.11 for the last 200 days.
Insight into NexTier Oilfield Solutions Inc. Fundamentals:
NexTier Oilfield Solutions Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.20.
NEX Stock EPS
With the latest financial reports released by the company, NexTier Oilfield Solutions Inc. posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 47.10%. 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.
NexTier Oilfield Solutions Inc. [NEX] Insider Position Details
There are presently around $843 million, or 90.70% of NEX stock, in the hands of institutional investors. The top three institutional holders of NEX stocks are: CERBERUS CAPITAL MANAGEMENT, L.P. with ownership of 40,083,179, which is approximately New of the company’s market cap and around 0.50% of the total institutional ownership; FEINBERG STEPHEN, holding 40,083,179 shares of the stock with an approximate value of $149.91 million in NEX stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $77.76 million in NEX stock with ownership of nearly 5.937% of the company’s market capitalization.
54 institutional holders increased their position in NexTier Oilfield Solutions Inc. [NYSE:NEX] by around 54,082,593 shares. Additionally, 81 investors decreased positions by around 12,099,350 shares, while 22 investors held positions by with 159,259,972 shares. The mentioned changes placed institutional holdings at 225,441,915 shares, according to the latest SEC report filing. NEX stock had 13 new institutional investments in for a total of 41,354,725 shares, while 28 institutional investors sold positions of 5,115,833 shares during the same period.