NexTier Oilfield Solutions (NEX) Downgraded by Zacks Investment Research to Hold

NexTier Oilfield Solutions stock has undergone multiple analysts rating changes in the recent past.  NexTier Oilfield Solutions Downgraded by Zacks Investment Research on 10/12/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of NexTier Oilfield Solutions traded down -$0.08 on Monday, reaching $4.74. 0 shares of the stock traded hands, compared to its average volume of 2294943. Shares of NexTier Oilfield Solutions were trading at $4.74 on Monday. The firm’s 50 day moving average is $4.05 and its 200 day moving average is $4.15.NexTier Oilfield Solutions has a 12 month low of $4.74 and a 12 month high of $5.84. While on yearly highs and lows, NexTier Oilfield Solutions’s today has traded high as $4.98 and has touched $4.74 on the downward trend. See More Analyst Rating at: RATING

NexTier Oilfield Solutions Earnings and What to expect: 

NexTier Oilfield Solutions last issued its quarterly earnings results on August 4th, 2021. The reported ($0.19) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.19). The business earned $292.15 million during the quarter, compared to analyst estimates of $287.74 million. Its quarterly revenue was up 27.9% compared to the same quarter last year. NexTier Oilfield Solutions has generated ($1.24) earnings per share over the last year (($1.16) diluted earnings per share). Earnings for NexTier Oilfield Solutions are expected to grow in the coming year, from ($0.60) to ($0.04) per share. NexTier Oilfield Solutions has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, November 2nd, 2021 based off prior year’s report dates.

Earnings for NexTier Oilfield Solutions are expected to grow in the coming year, from ($0.60) to ($0.04) per share. The P/E ratio of NexTier Oilfield Solutions is -4.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of NexTier Oilfield Solutions is -4.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. NexTier Oilfield Solutions has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

NexTier Oilfield Solutions (NEX) Moving Average Technical Analysis

5 day Moving Average is $4.74 And 5 day price change is -$0.11 (-2.27%)  with average volume for 5 day average is 1,763,140. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $4.66 and 20 day price change is $0.68 (16.75%) and average 20 day moving volume is 2,604,220. 50 day moving average is $4.05  and 50 day price change is $0.92 ( 24.08%)  and with average volume for 50 days is : 2,018,074. 200 day moving average is $4.15  and 200 day price change is $1.24 (35.43%)  and with average volume for 200 days is : 1,853,523.

Other owners latest trading in NexTier Oilfield Solutions :

  • On 9/17/2021 shares held by Virtu Financial LLC were 14,555 which equates to market value of $69K and appx 0.00% owners of NexTier Oilfield Solutions
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 152,949 which equates to market value of $0.73M and appx 0.00% owners of NexTier Oilfield Solutions
  • On 8/23/2021 shares held by Morgan Stanley were 226,364 which equates to market value of $1.08M and appx 0.00% owners of NexTier Oilfield Solutions
  • In total Institutional ownership equates to Institutional Ownership Percentage: 87.05% for NexTier Oilfield Solutions

See More Analyst Rating at: RATING