NexTier Oilfield Solutions Inc. (NYSE:NEX) is 0.21 points higher today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has climbed by nearly 4.13% to $5.29 from its previous close of $5.08. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 542270 contracts so far this session. NEX shares had a relatively better volume day versus average trading capacity of 2.39 million shares, but with a 0.21 billion float and a 5.18% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for NEX stock indicates that the average analyst price target is $8.89 per share. This means the stock has a potential increase of 68.05% from where the NEX share price has been trading recently which is between $4.94 and $5.14. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $5.5. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $13.
During the recent trading session for NexTier Oilfield Solutions Inc. (NYSE:NEX), the company witnessed their stock rise $0.5 over a week and surge $0.7 from the price 20 days ago. When compared to their established 52-week high of $12.5, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 04/18/19. The recent low of $4.05 stood for a -57.68% since 06/11/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for NEX is set at $8, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for NexTier Oilfield Solutions Inc., the two-week RSI stands at 56.84. This figure suggests that NEX stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current NEX readings is similarly very revealing as it has a stochastic reading of 85.98% at this stage. This figure means that NEX share price today is being oversold.
Technical chart claims that NexTier Oilfield Solutions Inc. (NEX) would settle between $5.17/share to $5.25/share level. However, if the stock price goes below the $4.97 mark, then the market for NexTier Oilfield Solutions Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $4.85 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.25. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Credit Suisse, assumed coverage of NEX assigning Neutral rating, according to their opinion released on December 03. JP Morgan, analysts launched coverage of NexTier Oilfield Solutions Inc. (NYSE:NEX) stock with a Overweight recommendation, according to their flash note issued to investors on December 02.
NEX equity has an average rating of 2.29, with the figure leaning towards a bullish end. 16 analysts who tracked the company were contacted by Reuters. Amongst them, 5 rated the stock as a hold while the remaining 11 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 11 analysts rated NexTier Oilfield Solutions Inc. (NYSE:NEX) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
NexTier Oilfield Solutions Inc. (NEX)’s current-quarter revenues are projected to climb by nearly 12.1% to hit $545560, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -14.6% from $2.14 billion to a noteworthy $1.83 billion. At the other end of the current quarter income statement, NexTier Oilfield Solutions Inc. is expected to see its adjusted earnings surge by roughly -281.8% to hit $-0.2 per share. For the fiscal year, NEX’s earnings are projected to climb by roughly -148.3% to hit $-0.42 per share.