Nextdecade (NEXT) Shares Down 12.5%
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.
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.
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