Evercore ISI Maintains Their Buy Rating on Nextier Oilfield Solutions (NEX)

Evercore ISI analyst James West maintained a Buy rating on Nextier Oilfield Solutions (NEXResearch Report) yesterday and set a price target of $9.00. The company’s shares closed last Thursday at $11.11, close to its 52-week high of $11.83.

According to TipRanks.com, West is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -15.8% and a 36.8% success rate. West covers the Industrial Goods sector, focusing on stocks such as Liberty Oilfield Services, SEACOR Marine Holdings, and Eos Energy Enterprises.

Nextier Oilfield Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $10.09.

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Based on Nextier Oilfield Solutions’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $510 million and net profit of $10.85 million. In comparison, last year the company earned revenue of $215 million and had a GAAP net loss of $60.21 million.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NEX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

NexTier Oilfield Solutions, Inc.is 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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