NexTier Oilfield Solutions (NYSE:NEX) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of NexTier Oilfield Solutions (NYSE:NEX) in a research note published on Monday morning, The Fly reports. The firm issued an overweight rating and a $9.00 target price on the stock.

NEX has been the subject of several other reports. ValuEngine downgraded NexTier Oilfield Solutions from a buy rating to a hold rating in a research report on Monday, November 11th. Morgan Stanley reissued an overweight rating and set a $12.00 price target on shares of NexTier Oilfield Solutions in a research report on Wednesday, November 13th. Zacks Investment Research lowered shares of NexTier Oilfield Solutions from a buy rating to a hold rating in a research note on Thursday, November 7th. Citigroup initiated coverage on shares of NexTier Oilfield Solutions in a report on Wednesday, November 27th. They issued a buy rating and a $5.80 price objective for the company. Finally, Wells Fargo & Co lifted their price objective on shares of NexTier Oilfield Solutions from $8.00 to $8.50 and gave the company an outperform rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $8.83.

NEX opened at $5.08 on Monday. NexTier Oilfield Solutions has a 12-month low of $4.05 and a 12-month high of $12.50. The stock has a market cap of $1.01 billion, a P/E 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.

An institutional investor recently bought a new position in NexTier Oilfield Solutions stock. Public Employees Retirement System of Ohio acquired a new stake in NexTier Oilfield Solutions Inc. (NYSE:NEX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,685 shares of the company’s stock, valued at approximately $156,000. Institutional investors and hedge funds own 88.40% of the company’s stock.

NexTier Oilfield Solutions Company Profile

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.

Read More: What strategies should day traders use to execute a trade?

The Fly

Receive News & Ratings for NexTier Oilfield Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexTier Oilfield Solutions and related companies with MarketBeat.com's FREE daily email newsletter.