NextDecade Corporation (NEXT) – What Are Researchers Saying About This Stock?

Shares of NextDecade Corporation (NASDAQ:NEXT) have received an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $8.10.

A number of brokerages recently commented on NEXT. Wall Street Zen lowered NextDecade from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of NextDecade in a research report on Thursday. Finally, The Goldman Sachs Group began coverage on shares of NextDecade in a research note on Wednesday, July 15th. They set a “neutral” rating and a $8.50 target price on the stock.

Hedge Funds Weigh In On NextDecade

Institutional investors and hedge funds have recently made changes to their positions in the business. Nykredit A S purchased a new position in shares of NextDecade in the 2nd quarter worth about $25,000. EverSource Wealth Advisors LLC increased its position in shares of NextDecade by 302.8% during the first quarter. EverSource Wealth Advisors LLC now owns 4,205 shares of the company’s stock valued at $32,000 after acquiring an additional 3,161 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of NextDecade by 112.5% during the second quarter. NewEdge Advisors LLC now owns 5,327 shares of the company’s stock valued at $40,000 after acquiring an additional 2,820 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of NextDecade by 153.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,602 shares of the company’s stock valued at $43,000 after acquiring an additional 3,396 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in NextDecade in the 2nd quarter worth approximately $50,000. Institutional investors own 66.74% of the company’s stock.

NextDecade Stock Up 6.4%

NEXT opened at $6.29 on Tuesday. The company has a fifty day moving average price of $6.88 and a 200-day moving average price of $7.40. The firm has a market capitalization of $1.67 billion, a P/E ratio of -4.62 and a beta of 1.53. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.37 and a quick ratio of 0.37. NextDecade has a one year low of $4.75 and a one year high of $9.24.

NextDecade (NASDAQ:NEXT) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.41. Equities research analysts expect that NextDecade will post -2.10 earnings per share for the current fiscal year.

NextDecade Company Profile

NextDecade Corporation is an energy company focused on developing liquefied natural gas (LNG) infrastructure and related carbon-management solutions. The company’s principal project is Rio Grande LNG, an LNG export facility located near Brownsville, Texas, on the U.S. Gulf Coast.

Rio Grande LNG is designed to receive natural gas, process it into LNG, and export the product by ship to customers in international markets. The project is being developed in multiple phases and is intended to serve energy markets in Europe, Asia and other regions seeking access to U.S.