NexTier Oilfield Solutions (NEX) Stock Forecast, Price Target & Predictions
NEX Stock Forecast
NexTier Oilfield Solutions stock forecast is as follows: an average price target of $13.50 (represents a 27.24% upside from NEX’s last price of $10.61) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.
NEX Price Target
The average price target for NexTier Oilfield Solutions (NEX) is $13.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $15.00 to $12.00. This represents a potential 27.24% upside from NEX's last price of $10.61.
NEX Analyst Ratings
According to 3 Wall Street analysts, NexTier Oilfield Solutions's rating consensus is 'Hold'. The analyst rating breakdown for NEX stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 2 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
NexTier Oilfield Solutions Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jan 04, 2023 | - | Morgan Stanley | $12.00 | $8.46 | 41.76% | 13.10% |
| May 02, 2022 | - | Morgan Stanley | $12.50 | $10.93 | 14.42% | 17.81% |
| May 02, 2022 | - | Barclays | $15.00 | $11.03 | 35.99% | 41.38% |
The latest NexTier Oilfield Solutions stock forecast, released on Jan 04, 2023 by Morgan Stanley company, set a price target of $12.00, which represents a 41.76% increase from the stock price at the time of the forecast ($8.46), and a 13.10% increase from NEX last price ($10.61).
NexTier Oilfield Solutions Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $10.61 | $10.61 | $10.61 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of NexTier Oilfield Solutions stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to NexTier Oilfield Solutions's last price of $10.61. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jan 04, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Sep 26, 2022 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| May 02, 2022 | Morgan Stanley | Overweight | Overweight | Hold |
| May 02, 2022 | Barclays | Overweight | Overweight | Hold |
| Feb 23, 2022 | Susquehanna | Neutral | Neutral | Hold |
NexTier Oilfield Solutions's last stock rating was published by Morgan Stanley on Jan 04, 2023. The company gave NEX a "Equal-Weight" rating, the same as its previous rate.
NexTier Oilfield Solutions Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PUMP | ProPetro | $8.01 | $16.75 | 109.11% | Hold |
| LBRT | Liberty Energy | $18.30 | $23.80 | 30.05% | Buy |
| WTTR | Select Energy Services | $11.23 | $14.50 | 29.12% | Buy |
| NEX | NexTier Oilfield Solutions | $10.61 | $13.50 | 27.24% | Hold |
| MGY | Magnolia Oil & Gas | $26.49 | $25.50 | -3.74% | Buy |
| WHD | Cactus | $61.39 | $54.00 | -12.04% | Hold |
NEX Forecast FAQ
Is NexTier Oilfield Solutions a good buy?
No, according to 3 Wall Street analysts, NexTier Oilfield Solutions (NEX) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of NEX's total ratings.
What is NEX's price target?
NexTier Oilfield Solutions (NEX) average price target is $13.5 with a range of $12 to $15, implying a 27.24% from its last price of $10.61. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will NexTier Oilfield Solutions stock go up soon?
According to Wall Street analysts' prediction for NEX stock, the company can go up by 27.24% (from the last price of $10.61 to the average price target of $13.5), up by 41.38% based on the highest stock price target, and up by 13.10% based on the lowest stock price target.
Can NexTier Oilfield Solutions stock reach $20?
NEX's average twelve months analyst stock price target of $13.5 does not support the claim that NexTier Oilfield Solutions can reach $20 in the near future.