Stifel Nicolaus analyst Stephen Gengaro maintained a Buy rating on Nextier Oilfield Solutions (NEX – Research Report) on March 7 and set a price target of $10.00. The company’s shares closed last Tuesday at $9.11, close to its 52-week high of $9.29.
According to TipRanks.com, Gengaro is a 4-star analyst with an average return of 12.3% and a 48.2% success rate. Gengaro covers the Industrial Goods sector, focusing on stocks such as Rapid Micro Biosystems, Propetro Holding, and Schlumberger.
Nextier Oilfield Solutions has an analyst consensus of Strong Buy, with a price target consensus of $9.00, which is a -1.7% downside from current levels. In a report issued on February 28, Morgan Stanley also maintained a Buy rating on the stock with a $8.00 price target.
The company has a one-year high of $9.29 and a one-year low of $3.06. Currently, Nextier Oilfield Solutions has an average volume of 2.91M.
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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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