NexTier Oilfield Solutions Inc. (NYSE:NEX) Expected to Announce Earnings of -$0.18 Per Share

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Brokerages predict that NexTier Oilfield Solutions Inc. (NYSE:NEX) will post ($0.18) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for NexTier Oilfield Solutions’ earnings. The lowest EPS estimate is ($0.30) and the highest is ($0.09). NexTier Oilfield Solutions reported earnings per share of $0.11 during the same quarter last year, which would suggest a negative year-over-year growth rate of 263.6%. The business is scheduled to announce its next quarterly earnings results on Monday, February 24th.

On average, analysts expect that NexTier Oilfield Solutions will report full-year earnings of ($0.30) per share for the current financial year, with EPS estimates ranging from ($0.57) to ($0.10). For the next year, analysts expect that the business will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.66) to $0.19. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow NexTier Oilfield Solutions.

A number of research firms recently issued reports on NEX. Citigroup began coverage on NexTier Oilfield Solutions in a report on Wednesday, November 27th. They issued a “buy” rating and a $5.80 target price for the company. JPMorgan Chase & Co. started coverage on NexTier Oilfield Solutions in a report on Monday. They set an “overweight” rating and a $9.00 price target on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $12.00 price target on shares of NexTier Oilfield Solutions in a research report on Wednesday, November 13th. Zacks Investment Research lowered NexTier Oilfield Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, ValuEngine cut NexTier Oilfield Solutions from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. NexTier Oilfield Solutions presently has an average rating of “Buy” and a consensus price target of $8.83.

A hedge fund recently bought a new stake in NexTier Oilfield Solutions stock. Public Employees Retirement System of Ohio acquired a new stake in NexTier Oilfield Solutions Inc. (NYSE:NEX) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 25,685 shares of the company’s stock, valued at approximately $156,000. Institutional investors and hedge funds own 88.40% of the company’s stock.

NexTier Oilfield Solutions stock opened at $5.08 on Friday. NexTier Oilfield Solutions has a twelve month low of $4.05 and a twelve month high of $12.50. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.69 and a current ratio of 1.79. The firm has a market cap of $1.01 billion, a PE ratio of 5.52 and a beta of 1.37.

About NexTier Oilfield Solutions

NexTier Oilfield Solutions Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.

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