NexTier Oilfield Solutions closed at $9.38 in the latest trading session, marking a +0.43% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.11%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq lost 2.13%.
Heading into today, shares of the company had lost 1.37% over the past month, lagging the Oils-Energy sector's gain of 2.43% and the S&P 500's gain of 7% in that time.
Investors will be hoping for strength from NexTier Oilfield Solutions as it approaches its next earnings release, which is expected to be February 15, 2023. The company is expected to report EPS of $0.46, up 475% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $871.2 million, up 70.91% from the year-ago period.
Investors should also note any recent changes to analyst estimates for NexTier Oilfield Solutions. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. NexTier Oilfield Solutions is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that NexTier Oilfield Solutions has a Forward P/E ratio of 4.14 right now. This valuation marks a discount compared to its industry's average Forward P/E of 13.59.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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NexTier Oilfield Solutions (NEX) Gains As Market Dips: What You Should Know
NexTier Oilfield Solutions closed at $9.38 in the latest trading session, marking a +0.43% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.11%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq lost 2.13%.
Heading into today, shares of the company had lost 1.37% over the past month, lagging the Oils-Energy sector's gain of 2.43% and the S&P 500's gain of 7% in that time.
Investors will be hoping for strength from NexTier Oilfield Solutions as it approaches its next earnings release, which is expected to be February 15, 2023. The company is expected to report EPS of $0.46, up 475% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $871.2 million, up 70.91% from the year-ago period.
Investors should also note any recent changes to analyst estimates for NexTier Oilfield Solutions. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. NexTier Oilfield Solutions is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that NexTier Oilfield Solutions has a Forward P/E ratio of 4.14 right now. This valuation marks a discount compared to its industry's average Forward P/E of 13.59.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.