Nextdecade (NASDAQ:NEXT) issued its earnings results on Thursday. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.06, Bloomberg Earnings reports.
Shares of NASDAQ:NEXT traded up $0.02 on Friday, hitting $6.35. The stock had a trading volume of 6,699 shares, compared to its average volume of 13,077. Nextdecade has a twelve month low of $3.95 and a twelve month high of $10.80.
Several equities research analysts have recently commented on the stock. Cowen set a $9.00 target price on shares of Nextdecade and gave the company a “buy” rating in a research note on Tuesday. ValuEngine downgraded shares of Nextdecade from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Zacks Investment Research upgraded shares of Nextdecade from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Bank of America assumed coverage on shares of Nextdecade in a research note on Tuesday, April 17th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Wells Fargo & Co assumed coverage on shares of Nextdecade in a research note on Tuesday, April 17th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $8.50.
NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 4.5 Bcf/d Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.
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