NEX - NexTier Oilfield Solutions Inc.

NYSE - NYSE Delayed Price. Currency in USD
3.0800
+0.1000 (+3.36%)
At close: 4:00PM EDT
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Momentum

Momentum

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close2.9800
Open3.0200
Bid0.0000 x 1800
Ask7.3900 x 2200
Day's Range2.8800 - 3.0900
52 Week Range1.0000 - 130.0000
Volume1,247,329
Avg. Volume2,679,933
Market Cap658.473M
Beta (5Y Monthly)3.50
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateJul 27, 2020 - Jul 31, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est3.16
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Were Hedge Funds Right About NexTier Oilfield Solutions Inc. (NEX)?
    Insider Monkey

    Were Hedge Funds Right About NexTier Oilfield Solutions Inc. (NEX)?

    Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]

  • NexTier Oilfield Solutions (NEX) Q1 2020 Earnings Call Transcript
    Motley Fool

    NexTier Oilfield Solutions (NEX) Q1 2020 Earnings Call Transcript

    NEX earnings call for the period ending March 31, 2020.

  • Keane Group, Inc. (NEX) Reports Q1 Loss, Misses Revenue Estimates
    Zacks

    Keane Group, Inc. (NEX) Reports Q1 Loss, Misses Revenue Estimates

    Keane Group, Inc. (NEX) delivered earnings and revenue surprises of 50.00% and -8.70%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • NexTier Announces First Quarter 2020 Financial and Operational Results
    PR Newswire

    NexTier Announces First Quarter 2020 Financial and Operational Results

    NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today reported first quarter 2020 financial and operational results.

  • Why NexTier Oilfield Solutions, Apergy, and Oceaneering Intl. Stock Fell at Least 10% as Oil Was Rising
    Motley Fool

    Why NexTier Oilfield Solutions, Apergy, and Oceaneering Intl. Stock Fell at Least 10% as Oil Was Rising

    The oil markets are still a volatile place, but the big picture hasn't changed. That's bad news for this trio of energy services companies

  • Keane Group, Inc. (NEX) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
    Zacks

    Keane Group, Inc. (NEX) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

    Keane Group, Inc. (NEX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • NexTier Announces Timing of First Quarter 2020 Earnings Release and Conference Call
    PR Newswire

    NexTier Announces Timing of First Quarter 2020 Earnings Release and Conference Call

    NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it will release its first quarter 2020 financial and operating results after market close on Tuesday, May 5, 2020. This release will be followed by a conference call at 7:30 a.m. Central Time (8:30 a.m. Eastern Time) on Wednesday, May 6, 2020. Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Senior Vice President and Chief Financial Officer.

  • Rigzone.com

    NexTier Oilfield Solutions Cuts CapEx in Half

    In addition, it is adjusting its organization to better align with market demand.

  • NexTier Announces Strategic Actions in Response to Current Market Conditions
    PR Newswire

    NexTier Announces Strategic Actions in Response to Current Market Conditions

    NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced several immediate strategic actions being taken in response to current market conditions to prioritize financial strength and cash flow, including a significant reduction in its 2020 capital expenditures program and additional streamlining of its cost structure.

  • Are Investors Undervaluing Keane Group, Inc. (NEX) Right Now?
    Zacks

    Are Investors Undervaluing Keane Group, Inc. (NEX) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Keane Group, Inc. (NEX) Reports Q4 Loss, Misses Revenue Estimates
    Zacks

    Keane Group, Inc. (NEX) Reports Q4 Loss, Misses Revenue Estimates

    Keane Group, Inc. (NEX) delivered earnings and revenue surprises of 55.00% and -13.87%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • NexTier Announces Fourth Quarter and Full Year 2019 Financial and Operational Results
    PR Newswire

    NexTier Announces Fourth Quarter and Full Year 2019 Financial and Operational Results

    NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today reported fourth quarter and full year 2019 financial and operational results. On October 31, 2019, NexTier completed its previously announced merger between Keane Group Inc. ("Keane") and C&J; Energy Services, Inc. ("C&J;"), and concurrent with closing, Keane, as the parent company, was renamed NexTier Oilfield Solutions Inc. Given the merger close date of October 31, 2019, GAAP financial results for the fourth quarter of 2019 include the full quarterly results of legacy Keane, and legacy C&J; results from November 1, 2019 through December 31, 2019. Pro forma financial results(1) for the third and fourth quarters of 2019 include the full quarterly results of both Keane and C&J; giving effect to the merger as if it had closed on January 1, 2019.

  • NexTier Announces Sale of Well Support Services Segment
    PR Newswire

    NexTier Announces Sale of Well Support Services Segment

    NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced the sale of its Well Support Services ("WSS") segment to Basic Energy Services, Inc. ("Basic") for total consideration of $93.7 million. The sale includes the Company's rig services, special services and fluids management businesses. The transaction was simultaneously signed and closed on March 9, 2020.

  • Basic Energy Services Acquires Well Services Business From NexTier to Create Leading Well Servicing Provider in the U.S.
    Business Wire

    Basic Energy Services Acquires Well Services Business From NexTier to Create Leading Well Servicing Provider in the U.S.

    Basic Energy Services, Inc. (OTCQX:BASX) ("Basic" or the "Company") today announced that it has acquired the production operations from NexTier (NYSE:NEX) for a consideration of approximately $94 million.

  • Earnings Preview: Keane Group, Inc. (NEX) Q4 Earnings Expected to Decline
    Zacks

    Earnings Preview: Keane Group, Inc. (NEX) Q4 Earnings Expected to Decline

    Keane Group, Inc. (NEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Billionaire Ken Griffin Pulls the Trigger on 3 “Strong Buy” Stocks
    TipRanks

    Billionaire Ken Griffin Pulls the Trigger on 3 “Strong Buy” Stocks

    While the economy is booming, there are some warnings signs starting to flash. Hedge fund manager Ken Griffin – who started trading at age 19, and now at 51 has amassed a fortune worth $15 billion – spoke about some of the near- and long-term risks in a recent interview.Griffin sees inflation as a danger in the longer term, mostly because the financial experts lack tools to determine when inflationary trends are starting. Griffin recounts how his firm’s best analysts were caught flat-footed in 2018 when the Fed started raising rates. Regarding the lack of accurate predictive foresight, Griffin says, “If there were inflation, the markets are utterly and completely unprepared for that.”But inflation, being invisible for now, is a long-term worry. Griffin sees the coronavirus outbreak has a larger threat, at least for the present. Griffin notes that a number of major companies – Apple is a particularly good example – have already announced lower Q4 and Q1 earnings, disrupted supply chains, and even store closings in response to the viral epidemic as it expands out of China. Griffin describes the epidemic as “probably the most concrete short-run risk we see in the financial markets globally.”The coronavirus is even impacting diplomacy. Griffin points out that specific terms of the US-China Phase 1 trade agreement have not yet begun implementation. The agreement puts an obligation on China to increase imports of US products on the order of $200 billion for the next two years – but that is on hold with large parts of China paralyzed by quarantines and global trade and travel patterns facing growing disruption.So, it may be interesting to see which stocks Griffin is willing to buy, given his view of the risks ahead. A look at the most recent 13F filing by Citadel, his hedge fund, reveals three new positions that TipRanks’ Stock Screener reveals as “strong buys.” Let's take a closer look.NexTier Oilfield Solutions (NEX)The first of Griffin’s new positions, we’ll look at is NexTier, a player in the oil field support services sector. Companies like NexTier don’t actually drill for oil, but they provide the support that the exploration and drilling operators need get the oil out of the ground. Without this support – the rig services, well completion, pumps and piping for fracking operations, and fluid management and disposal – the great oil fracking boom that has helped to power the US economy over the past 15 years could not have occurred.NEX is a new ticker in the market, formed during the third quarter last year when Keane Group and C&J Energy Services merged. The name change to NexTier reflects that the transaction was a merger of equals. NEX inherited the performance legacy of Keane, and the combined company reported Q3 earnings and revenues above the forecasts. It was the second quarter in a row that the company beat expectations. Looking ahead, the company will be reporting Q4 results on March 10, and is guiding for a net loss of 2 cents per share. The company is also guiding revenue in the $640 to $660 million range, slightly higher than previous guidance.So, we have a well-positioned services company in the oil industry – and Griffin’s fund bought up 6.169 million shares. That purchase represents a new stake for Citadel, and it’s worth over $30 million dollars at today’s prices.Conventional wisdom says the move is worth it. Sean Meakim, reviewing the stock for JPMorgan, is even more bullish. He writes, “We view NexTier as a leader in the industry in terms of driving technology improvements, and think it can continue to make strides in 2020to offset the macro headwinds. We model NEX delivering FCF of ~$50mm in 4Q19, sufficient to provide fuel for the company’s $100mm capital distribution plan…”Meakim puts a $9 price target on NEX shares, suggesting room for an impressive 84% upside potential. (To watch Meakim’s track record, click here)Overall, NexTier has a Strong Buy rating from the analyst consensus, based on 4 Buys and 1 Hold. The average price target of $7.90 implies an upside of 74% for the coming year. (See NexTier stock analysis at TipRanks)Aon Plc. (AON)Next on our list of new Citadel positions is Aon, a $50 billion player in the professional services and risk management industry. Aon is known as a major insurance broker, and works with large-scale clients to negotiate and place insurance policies, advise on health and other benefits, organize retirement compensation schemes, and even outsource human resources.Aon’s revenues and stock performance have been on an upward trajectory over the past year. In Q4 2019, the company reported $2.89 billion in total revenue, in line with the forecast and the year-ago number by 4%. EPS, at $2.53, was 1.6% higher than expected and most impressive 74% above the Q4 2018 figure.Share gains have been impressive, too. AON is up over 30% in the past 12 months. Complementing the share gains, AON also offers a modest dividend. At 0.79%, the yield is nothing to write home about, the share price is high enough that the annualized payment is $1.76 per share. It’s small addition for investors to count among the gains.Griffin clearly is impressed by the prospective gains here. His fund snapped up over 350,000 shares of Aon, which are now worth $77.9 million.Covering AON for Wells Fargo, analyst Elyse Greenspan writes, “We think AON is positioned to outperform as a stand-alone company or if they acquire WLTW. We believe a stand-alone AON is positioned to see industry-leading organic revenue growth and has several tailwinds to its FCF in 2020. If there is a deal, it would likely be because AON believes they can pull a healthy level of expenses out of WLTW without significant revenue disynergies. Recall AON and WLTW entered into deal negotiations last year that were called off in March 2019 and the one-year stand still on discussions ends on 3/6/20. Further, AON’s CEO has been an expense master during his tenure at AON and has been able to consistently pull expenses out of the company."Greenspan's $265 price target suggests an upside potential for AON of 20%. More importantly, she upgraded her stance on the stock, shifting from Neutral to Buy. (To watch Greenspan’s track record, click here)Aon’s Strong Buy consensus rating is supported by 5 analyst reviews, including 4 Buys and just 1 Hold. The stock is selling for $237.25, and the average price target of $237.25 indicates room for a modest 7% upside. (See Aon stock analysis at TipRanks)Digital Realty Trust (DLR)The final stock on our list is a Real Estate Investment Trust (REIT), specializing in data center and other tech-related properties. DLR owns properties around the world, in 15 countries, and boasts over 210 operating data centers. Like all REITs, Digital is required by US tax law to pay back the bulk of its profits to investors.Those profits can be substantial, as the company brings in over $3 billion annually on the top line. Earnings were robust in Q4 2019, at $1.62 per share. Estimated EPS for Q1 2020, to be reported in April, is $1.59.With robust earnings, DLR has no problem maintaining its dividend payments. Most REITs pay out strong dividends, as it is an easy way to remain in compliance with tax code regulations on profit sharing. DLR offers a 3.3% dividend yield, paid out quarterly at $1.08 per share. The payout ratio, which compares the quarterly dividend payment to the quarterly earnings, is 66.7%, indicating that the company can easily sustain the dividend given current income levels. DLR has raised its payment in each of the last three years.Strong earnings, a reliable dividend, and a pattern of long-term gains (this stock is up 34% over the last three years) are exactly the features that will attract attention from a hedge fund. So, it should be no surprise that Griffin’s fund picked up over 249,000 shares of DLR in Q4. Like the other stocks in this article, this is a new position for Griffin. At current prices, the fund’s stake in Digital Realty is worth $35.6 million.Weighing in on the stock for SunTrust Robinson, 5-star analyst Greg Miller is upbeat, saying, "We believe investors will continue to respond favorably to the execution of the business model. Sequentially higher 4Q signed leasing is not typical, underscoring DLR’s momentum… we believe the stock will continue to move higher."Miller’s Buy rating is supported by his $152 price target, which suggests room for 16% upside growth to the stock. (To watch Miller’s track record, click here)Wall Street’s analysts have given DLR 6 Buys and 2 Holds recently, making the consensus view a Strong Buy. The average price target is $137, which implies a small premium of 5% from the current share price of $130.38. (See Digital Realty stock analysis at TipRanks)

  • NexTier Oilfield Solutions Announces Timing of Fourth Quarter 2019 Earnings Release and Conference Call
    PR Newswire

    NexTier Oilfield Solutions Announces Timing of Fourth Quarter 2019 Earnings Release and Conference Call

    NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") announced today that it will issue its fourth quarter 2019 financial and operating results on Tuesday, March 10, 2020, after the market close. In conjunction with this release, NexTier has scheduled a conference call for 8:30 a.m. E.T. (7:30 a.m. C.T.) on Wednesday, March 11, 2020, which will be webcast live. Information on how to access the conference call and webcast is set forth below:

  • How NexTier Oilfield Solutions Inc. (NYSE:NEX) Can Impact Your Portfolio Volatility
    Simply Wall St.

    How NexTier Oilfield Solutions Inc. (NYSE:NEX) Can Impact Your Portfolio Volatility

    Anyone researching NexTier Oilfield Solutions Inc. (NYSE:NEX) might want to consider the historical volatility of the...

  • NexTier Announces Successful Partnership with NESR for the MENA Region
    PR Newswire

    NexTier Announces Successful Partnership with NESR for the MENA Region

    NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that one of its wholly owned subsidiaries recently commenced operations on a specific opportunity in the Middle East North Africa ("MENA") Region to support completion operations, including the operation of hydraulic fracturing and wireline equipment under an agreement supporting an affiliate of National Energy Services Reunited Corp. ("NESR"). This endeavor provides NexTier an exciting growth opportunity and provides NESR with market leading unconventional operational technologies and processes for its customers in the region.

  • NexTier Appoints Kenneth Pucheu as Chief Financial Officer
    PR Newswire

    NexTier Appoints Kenneth Pucheu as Chief Financial Officer

    NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that Kenneth Pucheu, previously Vice President of Finance, has been promoted to Senior Vice President and Chief Financial Officer, effective immediately. Mr. Pucheu succeeds Jan Kees van Gaalen, who is leaving the Company to pursue other opportunities.

  • NexTier Announces $100 Million Capital Return Program
    PR Newswire

    NexTier Announces $100 Million Capital Return Program

    NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that its Board of Directors (the "Board") approved a capital return program under which NexTier may expend a total of up to $100 million, which may be implemented between now and December 31, 2020, through stock repurchases, dividends or other capital return strategies. As part of the capital return program, the Board approved a stock repurchase program of up to $50 million of the Company's common stock, subject to U.S. Securities and Exchange Commission regulations, stock market conditions, capital needs of the business and other factors.

  • CORRECTED: Coca-Cola switches to recycled plastic for PET bottles in Sweden
    Reuters

    CORRECTED: Coca-Cola switches to recycled plastic for PET bottles in Sweden

    Drinks group Coca-Cola <KO.N> said on Tuesday it would start using PET bottles in Sweden made only of recycled plastic in a first step towards expanding its use of recycled plastic in western Europe. Coca-Cola said the switch at its Jordbro factory south of Stockholm would enable the company to use around 3,500 tonnes less of virgin plastic annually. "That means a 25% reduction of CO2 emissions annually compared with before the transition, when the portfolio consisted of around 40% recycled plastic," it said, referring to its Swedish operations.

  • NexTier to Ring Closing Bell at the New York Stock Exchange
    PR Newswire

    NexTier to Ring Closing Bell at the New York Stock Exchange

    HOUSTON , Nov. 15, 2019 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") announced that members of its management team will ring The Closing ...

  • Here's Why NexTier Oilfield Solutions (NYSE:NEX) Has A Meaningful Debt Burden
    Simply Wall St.

    Here's Why NexTier Oilfield Solutions (NYSE:NEX) Has A Meaningful Debt Burden

    Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

  • PR Newswire

    C&J Energy Services and Keane Complete Merger of Equals, Establishing NexTier Oilfield Solutions, a Leader in Well Completion and Production Services

    HOUSTON, Oct. 31, 2019 /PRNewswire/ -- NexTier Oilfield Solutions (NYSE: NEX) ("NexTier" or the "Company") today announced the successful completion of the merger between C&J Energy Services, Inc. ("C&J") and Keane Group, Inc. ("Keane"), creating a new leading well completion and production services company. The combined company's common stock will trade on the New York Stock Exchange under the ticker symbol "NEX" at the open of business on October 31, 2019. The NexTier brand reflects the Company's mission to consistently outperform in service delivery and returns, enabling customers to win by safely unlocking affordable, reliable and plentiful sources of oil and natural gas.