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Morgan Stanley Believes Nextier Oilfield Solutions (NEX) Still Has Room to Grow

Morgan Stanley analyst Connor Lynagh maintained a Buy rating on Nextier Oilfield Solutions (NEXResearch Report) today and set a price target of $11.00. The company’s shares closed last Monday at $10.27, close to its 52-week high of $10.74.

According to TipRanks.com, Lynagh is a 1-star analyst with an average return of -2.1% and a 51.8% success rate. Lynagh covers the Industrial Goods sector, focusing on stocks such as Liberty Oilfield Services, Baker Hughes Company, and Core Laboratories.

Currently, the analyst consensus on Nextier Oilfield Solutions is a Strong Buy with an average price target of $9.83, representing a -5.6% downside. In a report issued on April 8, Stifel Nicolaus also maintained a Buy rating on the stock with a $12.00 price target.

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Nextier Oilfield Solutions’ market cap is currently $2.55B and has a P/E ratio of -18.95.

Based on the recent corporate insider activity of 26 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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