NexTier Oilfield Expects U.S. Land Rig Count To Likely Bottom This Summer
Portfolio Pulse from Benzinga Newsdesk
NexTier Oilfield Solutions expects the U.S. land rig count to bottom out this summer, according to a conference call.

July 26, 2023 | 4:03 pm
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NEUTRAL IMPACT
NexTier Oilfield Solutions' prediction of a bottoming out of the U.S. land rig count this summer could impact its stock price.
NexTier Oilfield Solutions' business is directly tied to the oilfield industry. A bottoming out of the U.S. land rig count could indicate a slowdown in the industry, which could impact NexTier's revenues and, consequently, its stock price. However, it's also possible that the market has already priced in this information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100