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Why NexTier Oilfield Solutions Stock Rallied 20% at the Open Today

·2 min read
Why NexTier Oilfield Solutions Stock Rallied 20% at the Open Today
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Shares of NexTier Oilfield Solutions (NYSE: NEX), an energy services company operating largely in the U.S. market, rose a dramatic 20% in the first few minutes of trading on Jan. 4. After the market closed yesterday NexTier Oilfield Solutions provided Wall Street with an update on its fourth-quarter performance. Notably, the company is expecting revenue in the fourth quarter of 2021 to come in between $500 million and $510 million.