Shares of Nextdecade Corp (NASDAQ:NEXT) were down 12.5% during mid-day trading on Thursday . The stock traded as low as $5.00 and last traded at $5.16. Approximately 705,183 shares traded hands during mid-day trading, an increase of 1,334% from the average daily volume of 49,166 shares. The stock had previously closed at $5.90.

Several brokerages have weighed in on NEXT. Zacks Investment Research upgraded Nextdecade from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Stifel Nicolaus set a $8.00 price objective on Nextdecade and gave the company a “hold” rating in a research note on Saturday, August 11th. Cowen set a $9.00 price objective on Nextdecade and gave the company a “buy” rating in a research note on Tuesday, August 7th. Bank of America cut Nextdecade from a “buy” rating to a “neutral” rating and set a $6.00 price objective on the stock. in a research note on Friday. Finally, ValuEngine upgraded Nextdecade from a “sell” rating to a “hold” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Nextdecade has an average rating of “Hold” and a consensus target price of $7.50.

Nextdecade (NASDAQ:NEXT) last issued its quarterly earnings data on Thursday, August 9th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.06. equities research analysts forecast that Nextdecade Corp will post -0.35 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. California Public Employees Retirement System bought a new stake in shares of Nextdecade during the 2nd quarter worth $137,000. Bank of New York Mellon Corp bought a new stake in shares of Nextdecade during the 2nd quarter worth $160,000. Schwab Charles Investment Management Inc. raised its stake in shares of Nextdecade by 44.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 55,799 shares of the company’s stock worth $382,000 after purchasing an additional 17,151 shares during the period. Deprince Race & Zollo Inc. raised its stake in shares of Nextdecade by 33.8% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 57,000 shares of the company’s stock worth $390,000 after purchasing an additional 14,400 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Nextdecade by 202.0% during the 1st quarter. Millennium Management LLC now owns 163,526 shares of the company’s stock worth $808,000 after purchasing an additional 109,373 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

Nextdecade Company Profile (NASDAQ:NEXT)

NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 4.5 Bcf/d Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.

Featured Article: New Google Finance Tool and Screening Stocks

Receive News & Ratings for Nextdecade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nextdecade and related companies with MarketBeat.com's FREE daily email newsletter.