Q4 2019 EPS Estimates for NexTier Oilfield Solutions Inc. Raised by Capital One Financial (NYSE:NEX)

NexTier Oilfield Solutions Inc. (NYSE:NEX) – Analysts at Capital One Financial raised their Q4 2019 earnings estimates for NexTier Oilfield Solutions in a note issued to investors on Wednesday, December 11th. Capital One Financial analyst L. Lemoine now expects that the company will post earnings of ($0.27) per share for the quarter, up from their previous forecast of ($0.29). Capital One Financial also issued estimates for NexTier Oilfield Solutions’ Q1 2020 earnings at ($0.31) EPS, Q2 2020 earnings at ($0.22) EPS, Q3 2020 earnings at ($0.16) EPS, Q4 2020 earnings at ($0.19) EPS, FY2020 earnings at ($0.88) EPS and FY2021 earnings at ($1.07) EPS.

Several other equities analysts have also recently issued reports on NEX. ValuEngine cut shares of NexTier Oilfield Solutions from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Citigroup assumed coverage on shares of NexTier Oilfield Solutions in a report on Wednesday, November 27th. They set a “buy” rating and a $5.80 price target for the company. Zacks Investment Research cut shares of NexTier Oilfield Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Credit Suisse Group started coverage on shares of NexTier Oilfield Solutions in a research note on Tuesday, December 3rd. They issued a “neutral” rating and a $6.00 target price for the company. Finally, Wells Fargo & Co boosted their price objective on shares of NexTier Oilfield Solutions from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.26.

Shares of NYSE:NEX opened at $6.27 on Friday. NexTier Oilfield Solutions has a fifty-two week low of $4.05 and a fifty-two week high of $12.50. The stock has a market capitalization of $1.18 billion, a P/E ratio of 6.82 and a beta of 1.38. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.69 and a current ratio of 1.79.

An institutional investor recently bought a new position in NexTier Oilfield Solutions stock. Public Employees Retirement System of Ohio purchased a new stake in NexTier Oilfield Solutions Inc. (NYSE:NEX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,685 shares of the company’s stock, valued at approximately $156,000. 88.40% of the stock is owned by institutional investors.

NexTier Oilfield Solutions Company Profile

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

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