NexTier Oilfield Solutions (NYSE:NEX) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of NexTier Oilfield Solutions (NYSE:NEX) from a buy rating to a hold rating in a research note published on Thursday, Zacks.com reports.

According to Zacks, “Keane Group, Inc. is a provider of integrated well completion services primarily in the U.S. It focuses on complex, technically demanding completion solutions. The company primary service offerings include horizontal and vertical fracturing, wireline perforation and logging and engineered solutions as well as other value-added service offerings. Keane Group, Inc. is headquartered in Houston, Texas. “

NYSE:NEX traded down $0.07 during trading hours on Thursday, hitting $5.30. 2,111,635 shares of the company were exchanged, compared to its average volume of 1,432,267. The company has a market cap of $474.53 million, a PE ratio of 5.76 and a beta of 1.31. NexTier Oilfield Solutions has a 52-week low of $4.05 and a 52-week high of $13.28. The company has a current ratio of 1.56, a quick ratio of 1.44 and a debt-to-equity ratio of 0.79.

About NexTier Oilfield Solutions

NexTier Oilfield Solutions Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.

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