Credit Suisse Group Initiates Coverage on NexTier Oilfield Solutions (NYSE:NEX)
Research analysts at Credit Suisse Group started coverage on shares of NexTier Oilfield Solutions (NYSE:NEX) in a note issued to investors on Tuesday, The Fly reports. The brokerage set a “neutral” rating on the stock.
A number of other analysts also recently issued reports on the company. Wells Fargo & Co raised their price objective on NexTier Oilfield Solutions from $8.00 to $8.50 and gave the stock an “outperform” rating in a research report on Monday. ValuEngine cut shares of NexTier Oilfield Solutions from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. initiated coverage on shares of NexTier Oilfield Solutions in a research note on Monday. They set an “overweight” rating and a $9.00 target price for the company. Morgan Stanley reiterated an “overweight” rating and set a $12.00 price target on shares of NexTier Oilfield Solutions in a research report on Wednesday, November 13th. Finally, Zacks Investment Research cut shares of NexTier Oilfield Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $8.83.
Shares of NexTier Oilfield Solutions stock opened at $5.08 on Tuesday. The firm has a market capitalization of $1.01 billion, a PE ratio of 5.52 and a beta of 1.37. The company has a current ratio of 1.79, a quick ratio of 1.69 and a debt-to-equity ratio of 0.77. NexTier Oilfield Solutions has a 52 week low of $4.05 and a 52 week high of $12.50.
About NexTier Oilfield Solutions
NexTier Oilfield Solutions Inc provides integrated well completion services primarily in the United States. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions. The company also provides cementing and drilling services; and engineering software and technical guidance for remedial cementing applications and acidizing.
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