Zacks: Brokerages Expect NexTier Oilfield Solutions Inc. (NYSE:NEX) to Post $0.11 Earnings Per Share

Wall Street analysts expect NexTier Oilfield Solutions Inc. (NYSE:NEXGet Rating) to announce earnings per share of $0.11 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for NexTier Oilfield Solutions’ earnings. The highest EPS estimate is $0.13 and the lowest is $0.09. NexTier Oilfield Solutions posted earnings per share of ($0.19) during the same quarter last year, which would indicate a positive year-over-year growth rate of 157.9%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that NexTier Oilfield Solutions will report full-year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.34 to $0.63. For the next financial year, analysts anticipate that the company will report earnings of $1.17 per share, with EPS estimates ranging from $0.96 to $1.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for NexTier Oilfield Solutions.

NexTier Oilfield Solutions (NYSE:NEXGet Rating) last announced its quarterly earnings results on Monday, February 21st. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. The firm had revenue of $509.73 million during the quarter, compared to analyst estimates of $505.48 million. NexTier Oilfield Solutions had a negative return on equity of 23.16% and a negative net margin of 8.39%. During the same quarter in the previous year, the business earned ($0.32) EPS.

Several equities research analysts recently commented on NEX shares. Piper Sandler boosted their price target on shares of NexTier Oilfield Solutions from $9.50 to $11.60 and gave the stock a “neutral” rating in a report on Wednesday, April 13th. Susquehanna upped their price target on shares of NexTier Oilfield Solutions from $7.70 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, March 4th. Zacks Investment Research upgraded NexTier Oilfield Solutions from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Thursday, April 21st. StockNews.com initiated coverage on NexTier Oilfield Solutions in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus raised their price objective on NexTier Oilfield Solutions from $10.00 to $12.00 in a report on Friday, April 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $10.37.

Shares of NEX stock opened at $10.43 on Thursday. NexTier Oilfield Solutions has a 1-year low of $3.06 and a 1-year high of $11.82. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -18.62 and a beta of 2.42. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.08 and a quick ratio of 1.00. The stock has a 50 day simple moving average of $9.21 and a 200-day simple moving average of $6.37.

In other news, insider Michael Joseph Mckie sold 346,076 shares of the company’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $9.06, for a total value of $3,135,448.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Carl Stewart sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, March 8th. The stock was sold at an average price of $9.22, for a total value of $1,383,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,075,663 shares of company stock valued at $9,487,666. 2.20% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. LPL Financial LLC lifted its stake in NexTier Oilfield Solutions by 7.7% during the 4th quarter. LPL Financial LLC now owns 25,242 shares of the company’s stock worth $90,000 after acquiring an additional 1,800 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in NexTier Oilfield Solutions by 12.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 21,875 shares of the company’s stock worth $78,000 after buying an additional 2,407 shares during the period. Royal Bank of Canada lifted its holdings in NexTier Oilfield Solutions by 17.5% during the 3rd quarter. Royal Bank of Canada now owns 17,436 shares of the company’s stock worth $81,000 after buying an additional 2,603 shares in the last quarter. Deutsche Bank AG boosted its position in NexTier Oilfield Solutions by 2.0% in the 4th quarter. Deutsche Bank AG now owns 240,844 shares of the company’s stock valued at $855,000 after buying an additional 4,738 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in NexTier Oilfield Solutions by 23.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 25,946 shares of the company’s stock valued at $119,000 after buying an additional 4,921 shares during the period. Hedge funds and other institutional investors own 74.15% of the company’s stock.

NexTier Oilfield Solutions Company Profile (Get Rating)

NexTier Oilfield Solutions Inc, through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates through two segments, Completion Services, and Well Construction and Intervention Services. The Completion Services segment offers hydraulic fracturing services to enhance production of oil and natural gas from formations with low permeability and restricted flow of hydrocarbons; wireline services; and perforating, pumpdown, pipe recovery, pressure pumping, and wellsite make-up and pressure testing services.

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Earnings History and Estimates for NexTier Oilfield Solutions (NYSE:NEX)

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