In a report released on July 31, Arun Jayaram from J.P. Morgan maintained a Buy rating on Nextier Oilfield Solutions (NEX – Research Report), with a price target of $14.00. The company’s shares closed yesterday at $11.68.
Jayaram covers the Energy sector, focusing on stocks such as Baker Hughes Company, ProFrac Holding, and Coterra Energy. According to TipRanks, Jayaram has an average return of 9.5% and a 56.64% success rate on recommended stocks.
In addition to J.P. Morgan, Nextier Oilfield Solutions also received a Buy from Piper Sandler’s Luke Lemoine in a report issued on July 26. However, on July 18, Citi maintained a Hold rating on Nextier Oilfield Solutions (NYSE: NEX).
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Based on Nextier Oilfield Solutions’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $945.09 million and a net profit of $150.06 million. In comparison, last year the company earned a revenue of $842.91 million and had a net profit of $68.46 million
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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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