NexTier Oilfield Solutions Inc. (NYSE:NEX – Get Rating) – Stock analysts at Capital One Financial upped their Q2 2022 earnings per share estimates for shares of NexTier Oilfield Solutions in a report issued on Monday, April 18th. Capital One Financial analyst L. Lemoine now expects that the company will earn $0.07 per share for the quarter, up from their previous forecast of $0.03. Capital One Financial also issued estimates for NexTier Oilfield Solutions’ Q3 2022 earnings at $0.21 EPS, Q4 2022 earnings at $0.24 EPS, FY2022 earnings at $0.51 EPS, Q1 2023 earnings at $0.19 EPS, Q2 2023 earnings at $0.24 EPS, Q3 2023 earnings at $0.26 EPS, Q4 2023 earnings at $0.22 EPS and FY2023 earnings at $0.91 EPS.
NexTier Oilfield Solutions (NYSE:NEX – Get Rating) last announced its quarterly earnings results on Monday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08. NexTier Oilfield Solutions had a negative return on equity of 23.16% and a negative net margin of 8.39%. The business had revenue of $509.73 million during the quarter, compared to the consensus estimate of $505.48 million. During the same quarter last year, the firm posted ($0.32) EPS.
NEX opened at $10.45 on Thursday. NexTier Oilfield Solutions has a fifty-two week low of $3.06 and a fifty-two week high of $11.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.08. The company has a market capitalization of $2.55 billion, a P/E ratio of -18.66 and a beta of 2.42. The stock has a fifty day moving average of $9.03 and a 200-day moving average of $6.24.
Large investors have recently modified their holdings of the business. IndexIQ Advisors LLC increased its position in shares of NexTier Oilfield Solutions by 11.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 120,860 shares of the company’s stock valued at $556,000 after purchasing an additional 12,106 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in NexTier Oilfield Solutions by 716.8% in the 3rd quarter. Goldman Sachs Group Inc. now owns 3,801,541 shares of the company’s stock worth $17,487,000 after acquiring an additional 3,336,137 shares during the last quarter. K.J. Harrison & Partners Inc increased its holdings in NexTier Oilfield Solutions by 111.1% in the 4th quarter. K.J. Harrison & Partners Inc now owns 38,000 shares of the company’s stock worth $135,000 after acquiring an additional 20,000 shares during the last quarter. Franklin Resources Inc. increased its holdings in NexTier Oilfield Solutions by 38.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,728,821 shares of the company’s stock worth $35,553,000 after acquiring an additional 2,162,976 shares during the last quarter. Finally, Belvedere Trading LLC purchased a new stake in NexTier Oilfield Solutions in the 4th quarter worth about $150,000. Institutional investors and hedge funds own 74.15% of the company’s stock.
In other NexTier Oilfield Solutions news, insider Michael Joseph Mckie sold 346,076 shares of the firm’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $9.06, for a total transaction of $3,135,448.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Alamo Frac Holdings, Llc sold 454,600 shares of the firm’s stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $8.55, for a total value of $3,886,830.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,075,663 shares of company stock valued at $9,487,666 in the last three months. Insiders own 2.20% of the company’s stock.
About NexTier Oilfield Solutions (Get Rating)
NexTier Oilfield Solutions Inc, through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates through two segments, Completion Services, and Well Construction and Intervention Services. The Completion Services segment offers hydraulic fracturing services to enhance production of oil and natural gas from formations with low permeability and restricted flow of hydrocarbons; wireline services; and perforating, pumpdown, pipe recovery, pressure pumping, and wellsite make-up and pressure testing services.
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