Capital One Financial Begins Coverage on NextDecade (NASDAQ:NEXT)

Stock analysts at Capital One Financial began coverage on shares of NextDecade (NASDAQ:NEXT) in a research report issued on Friday, MarketBeat reports. The firm set an “overweight” rating and a $7.00 price target on the stock. Capital One Financial‘s price objective would suggest a potential upside of 33.59% from the stock’s current price.

A number of other analysts have also commented on NEXT. TD Cowen decreased their price objective on NextDecade from $8.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextDecade in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.00.

NextDecade Stock Up 8.7%

NextDecade stock opened at $5.24 on Friday. NextDecade has a 1-year low of $4.75 and a 1-year high of $12.12. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -7.18 and a beta of 1.99. The firm’s fifty day moving average price is $5.37 and its two-hundred day moving average price is $7.05. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.34.

Insider Buying and Selling at NextDecade

In other NextDecade news, major shareholder Aerospace Co. Ltd. Hanwha purchased 851,971 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was bought at an average cost of $5.83 per share, with a total value of $4,966,990.93. Following the completion of the transaction, the insider owned 25,620,222 shares of the company’s stock, valued at $149,365,894.26. The trade was a 3.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders purchased 7,177,861 shares of company stock valued at $42,393,247. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NEXT. Inscription Capital LLC increased its position in NextDecade by 16.0% in the fourth quarter. Inscription Capital LLC now owns 15,739 shares of the company’s stock worth $83,000 after buying an additional 2,172 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of NextDecade by 15.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 23,640 shares of the company’s stock worth $125,000 after acquiring an additional 3,226 shares during the period. Jaffetilchin Investment Partners LLC purchased a new stake in NextDecade in the 4th quarter worth about $613,000. Fort Washington Investment Advisors Inc. OH raised its stake in NextDecade by 21.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 642,182 shares of the company’s stock valued at $3,384,000 after acquiring an additional 112,300 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in NextDecade by 168.6% during the third quarter. JPMorgan Chase & Co. now owns 394,476 shares of the company’s stock valued at $2,678,000 after purchasing an additional 247,618 shares during the last quarter. Hedge funds and other institutional investors own 66.74% of the company’s stock.

NextDecade Company Profile

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.