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.

Open

10.62

Mkt cap

2.4B

Volume

600

High

10.78

P/E Ratio

3.94

52-wk high

11.99

Low

10.38

Div yield

N/A

52-wk low

6.66

Energy stocks are trading higher as oil prices rebound after a period of weakness.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 5:33 pm

In the last quarter, NexTier Oilfield (NYSE:NEX) received 2 bullish, 2 somewhat bullish, 3 indifferent, and 1 somewhat bearish analyst ratings. The company has an average 12-month price target of $10.71, a 16.0% decrease from the previous average of $12.75.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 4:01 pm

Raymond James analyst James Rollyson maintains a Strong Buy rating on NexTier Oilfield (NYSE:NEX) but lowers the price target from $19 to $16.

Portfolio Pulse from richadhand@benzinga.com

June 23, 2023 | 11:51 am

NexTier Oilfield Solutions' stock is trading lower after Citigroup downgraded it from Buy to Neutral, but raised its price target from $9.5 to $9.75.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 5:37 pm

Benzinga has released its top ratings upgrades and downgrades for June 16, 2023. Notable upgrades include West Pharmaceutical Services, Abcam, AutoZone, and MorphoSys, while downgrades include Applied Materials, Truist Financial, Bausch Health Companies, RPC, NexTier Oilfield Solutions, Evotec, and SoFi Technologies.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 3:01 pm

Citigroup analyst Scott Gruber downgrades NexTier Oilfield (NYSE:NEX) from Buy to Neutral and raises the price target from $9.5 to $9.75.

Portfolio Pulse from richadhand@benzinga.com

June 16, 2023 | 11:18 am

NexTier Oilfield Solutions announced a definitive merger agreement with Patterson-UTI in an all-stock merger of equals transaction, causing NexTier shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 3:52 pm

Patterson-UTI Energy (PTEN) has announced a merger with NexTier Oilfield (NEX) worth $5.40 billion, expected to be completed in Q4 of 2023. The payment method has not been disclosed.

Portfolio Pulse from Benzinga Insights

June 15, 2023 | 3:10 pm

Patterson-UTI Energy (PTEN) and NexTier Oilfield Solutions (NEX) have announced an all-stock merger of equals, forming a combined company with an enterprise value of approximately $5.4 billion. The merger is expected to close in Q4 2023 and be accretive to EPS and FCF per share in 2024. The combined company aims to generate high FCF conversion and distribute at least 50% of FCF to shareholders.

Portfolio Pulse from Lekha Gupta

June 15, 2023 | 12:45 pm

Patterson-UTI Energy and NexTier Oilfield Solutions have entered a definitive merger agreement in an all-stock merger of equals transaction, creating a combined company with an enterprise value of $5.4 billion. Upon closing, Patterson-UTI shareholders will own 55% and NexTier shareholders will own 45% of the combined company, which will operate under the name Patterson-UTI Energy, Inc. and trade under the ticker symbol PTEN.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 10:03 am

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