Barclays Keeps Their Buy Rating on Nextier Oilfield Solutions (NEX)

In a report released today, David Anderson from Barclays maintained a Buy rating on Nextier Oilfield Solutions (NEXResearch Report), with a price target of $18.00. The company’s shares closed today at $9.63.

According to TipRanks, Anderson is an analyst with an average return of -2.0% and a 42.68% success rate. Anderson covers the Industrial Goods sector, focusing on stocks such as Baker Hughes Company, Oceaneering International, and Cactus.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nextier Oilfield Solutions with a $15.40 average price target, representing a 59.92% upside. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $18.00 price target.

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NEX market cap is currently $2.45B and has a P/E ratio of 12.97.

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NexTier Oilfield Solutions, an oilfield service company. It offers completion solutions, hydraulic fracturing, wire line, pump down, coiled tubing, cementing, rig services, special services, and fluids management services. The company was founded in October 13, 2016 and is headquartered in Houston, TX.

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