Streetbeat News

NEX

NexTier Oilfield Solutions Inc

https://nextierofs.com/contact-us/

CEO

Robert Drummond

Employees

1,258

Industry

Support Activities for Oil and Gas Operations

c&j energy services is a leading provider of well construction, well completions and well services to the oil and gas industry.

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Shareholders of Patterson-UTI Energy, Inc. (PTEN) and NexTier Oilfield Solutions Inc. (NEX) have approved the all-stock merger of equals transaction. Over 93% of PTEN shares and 90% of NEX shares represented at the special meetings voted in favor of the merger. The merger is expected to close on September 1, 2023, with NexTier shareholders receiving 0.7520 shares of Patterson-UTI common stock for each share of NexTier common stock owned.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:27 pm

Goosehead Insurance Inc. (GSHD) and Jackson Financial Inc. (JXN) are set to join the S&P SmallCap 600, replacing NuVasive Inc. (NUVA) and NexTier Oilfield Solutions Inc. (NEX) respectively, effective September 1.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 9:19 pm

NexTier Oilfield Solutions expects the U.S. land rig count to bottom out this summer, according to a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 4:03 pm

NextTier Oilfield Solutions has projected its Q3 capital expenditures to decrease to $85 million.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:13 pm

NexTier Oilfield (NYSE:NEX) reported Q2 earnings of $0.68 per share, beating the analyst consensus estimate of $0.63 by 7.94%. This is a 74.36% increase from the same period last year. However, the company's quarterly sales of $945.10 million missed the analyst consensus estimate of $954.74 million by 1.01%, though it's a 12.12% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:10 pm

NexTier Oilfield (NYSE:NEX) is set to release its quarterly earnings report on Tuesday, 2023-07-25, with analysts estimating an EPS of $0.63. The company's past performance shows a mixed impact on the share price post-earnings, with both increases and decreases observed. The stock is currently trading at $11.04 and has seen a 28.39% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:01 pm

Citigroup analyst Scott Gruber maintains a Neutral rating on NexTier Oilfield (NYSE:NEX) and raises the price target from $9.75 to $11.3.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 4:09 pm

Over the past 3 months, 8 analysts have published their opinion on NexTier Oilfield (NYSE:NEX) stock. The average price target for the stock is $11.59, a decrease of 16.56% from the previous average price target of $13.89. The ratings include 3 bullish, 2 somewhat bullish, 2 indifferent, and 1 somewhat bearish.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 6:01 pm

Stifel analyst Stephen Gengaro has maintained a 'Buy' rating on NexTier Oilfield (NYSE:NEX) but lowered the price target from $18 to $16.

Portfolio Pulse from richadhand@benzinga.com

July 12, 2023 | 2:54 pm

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) plans to acquire Ulterra Drilling Technologies for around $800 million, following a $5.4-billion merger with Nextier Oilfield Solutions Inc (NYSE:NEX). RBC Capital Markets notes improved free cash flow metrics for PTEN after these deals. Analyst Keith Mackey upgraded PTEN from Sector Perform to Outperform, maintaining a price target of $19.

Portfolio Pulse from Priya Nigam

July 10, 2023 | 2:44 pm

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