NextDecade (NASDAQ:NEXT) Upgraded at Zacks Research

Zacks Research upgraded shares of NextDecade (NASDAQ:NEXT) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Other research analysts have also issued reports about the stock. Cowen raised shares of NextDecade from a “hold” rating to a “buy” rating in a research note on Tuesday, June 24th. TD Cowen raised shares of NextDecade from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, June 24th. Morgan Stanley reissued an “overweight” rating and issued a $15.00 target price (up from $10.00) on shares of NextDecade in a research note on Friday, July 11th. Finally, Seaport Res Ptn raised shares of NextDecade to a “strong-buy” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $13.00.

NextDecade Trading Down 18.6%

NEXT opened at $8.09 on Monday. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.70 and a quick ratio of 0.70. The company’s 50 day simple moving average is $10.50 and its two-hundred day simple moving average is $8.72. NextDecade has a 1-year low of $4.44 and a 1-year high of $12.12. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -10.37 and a beta of 1.35.

NextDecade (NASDAQ:NEXT) last released its earnings results on Thursday, July 31st. The company reported ($0.23) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.23). Analysts expect that NextDecade will post -0.61 EPS for the current fiscal year.

Institutional Trading of NextDecade

Several institutional investors have recently added to or reduced their stakes in NEXT. Price T Rowe Associates Inc. MD increased its holdings in NextDecade by 20.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 44,982 shares of the company’s stock valued at $347,000 after purchasing an additional 7,545 shares during the last quarter. Northern Trust Corp grew its stake in shares of NextDecade by 5.6% in the fourth quarter. Northern Trust Corp now owns 1,077,687 shares of the company’s stock worth $8,309,000 after acquiring an additional 56,895 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of NextDecade by 5.2% in the fourth quarter. Ameriprise Financial Inc. now owns 312,066 shares of the company’s stock worth $2,406,000 after acquiring an additional 15,566 shares in the last quarter. Deutsche Bank AG grew its stake in shares of NextDecade by 56.6% in the fourth quarter. Deutsche Bank AG now owns 101,838 shares of the company’s stock worth $785,000 after acquiring an additional 36,802 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of NextDecade in the fourth quarter worth $371,000. Institutional investors and hedge funds own 66.74% of the company’s stock.

About NextDecade

NextDecade Corp. is a development company.