Key Points
- Pamela K.M. Beall, a NextDecade director, purchased 71,500 shares on March 23 at an average price of $7.07, a transaction valued at about $505,505 and disclosed in an SEC filing.
- NextDecade reported Q earnings per share of ($0.88), missing the ($0.68) consensus, and currently carries an average analyst rating of "Hold" with a consensus target price of $6.67.
- The company has a market cap of $1.94 billion, negative earnings (P/E -6.27), high leverage with a debt-to-equity ratio of 3.70, and a 52-week trading range of $4.75–$12.12.
NextDecade Corporation (NASDAQ:NEXT - Get Free Report) Director Pamela K.M. Beall acquired 71,500 shares of the company's stock in a transaction dated Monday, March 23rd. The shares were purchased at an average price of $7.07 per share, for a total transaction of $505,505.00. Following the purchase, the director directly owned 71,500 shares of the company's stock, valued at approximately $505,505. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
NextDecade Trading Up 1.5%
NASDAQ NEXT opened at $7.34 on Thursday. The stock has a market cap of $1.94 billion, a P/E ratio of -6.27 and a beta of 2.02. The company's fifty day simple moving average is $5.58 and its 200-day simple moving average is $5.93. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 3.70. NextDecade Corporation has a 52 week low of $4.75 and a 52 week high of $12.12.
NextDecade (NASDAQ:NEXT - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The company reported ($0.88) earnings per share for the quarter, missing analysts' consensus estimates of ($0.68) by ($0.20). Equities research analysts predict that NextDecade Corporation will post -0.61 EPS for the current fiscal year.
Hedge Funds Weigh In On NextDecade
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE grew its holdings in shares of NextDecade by 22,782.4% during the third quarter. US Bancorp DE now owns 3,890 shares of the company's stock valued at $26,000 after purchasing an additional 3,873 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of NextDecade during the 2nd quarter worth approximately $36,000. Comerica Bank lifted its holdings in shares of NextDecade by 88.0% in the 1st quarter. Comerica Bank now owns 4,060 shares of the company's stock worth $32,000 after purchasing an additional 1,900 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of NextDecade in the 3rd quarter worth approximately $29,000. Finally, Federated Hermes Inc. acquired a new position in NextDecade during the 3rd quarter valued at approximately $38,000. 66.74% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
NEXT has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (e+)" rating on shares of NextDecade in a research note on Monday, December 29th. Capital One Financial started coverage on NextDecade in a report on Friday, February 6th. They issued an "overweight" rating and a $7.00 price target for the company. TD Cowen lowered their price objective on NextDecade from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Thursday, March 5th. Finally, Morgan Stanley dropped their price objective on NextDecade from $10.00 to $7.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.67.
Check Out Our Latest Analysis on NextDecade
NextDecade Company Profile
(
Get Free Report)
NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company's core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade's projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.
NextDecade's flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.
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