In yesterday’s Wall Street session, NextDecade Corporation (NASDAQ:NEXT) shares traded at $6.19, down -6.07% from the previous session.
As we calculate the median target price by taking the range between a high of $13.50 and a low of $8.00, we find $10.00. Given the previous closing price of $6.59, this indicates a potential upside of 51.75 percent. NEXT stock price is now 1.45% away from the 50-day moving average and -0.14% away from the 200-day moving average. The market capitalization of the company currently stands at $874.15M.
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Brokers who have rated the stock have averaged $10.50 as their price target over the next twelve months.
With the price target enhanced from $4.50 to $6, Stifel Upgraded its rating from Sell to Hold for NextDecade Corporation (NASDAQ: NEXT). On April 26, 2022, Stifel Downgraded its previous ‘Hold’ rating to ‘Sell’ on the stock increasing its target price from $2 to quote $4, while ‘Credit Suisse’ rates the stock as ‘Neutral’.
A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NEXT stock. A new stake in NextDecade Corporation shares was purchased by TORTOISE CAPITAL ADVISORS, L.L.C. during the first quarter worth $21,057,000. POINTSTATE CAPITAL LP invested $12,769,000 in shares of NEXT during the first quarter. In the first quarter, RIPOSTE CAPITAL LLC acquired a new stake in NextDecade Corporation valued at approximately $4,378,000. AVENTAIL CAPITAL GROUP, LP acquired a new stake in NEXT for approximately $4,133,000. SIR CAPITAL MANAGEMENT, L.P. purchased a new stake in NEXT valued at around $3,107,000 in the second quarter. In total, there are 141 active investors with 83.30% ownership of the company’s stock.
On Thursday morning NextDecade Corporation (NASDAQ: NEXT) stock kicked off with the opening price of $6.61. During the past 12 months, NextDecade Corporation has had a low of $3.06 and a high of $8.95. The fifty day moving average price for NEXT is $6.10 and a two-hundred day moving average price translates $6.20 for the stock.
The latest earnings results from NextDecade Corporation (NASDAQ: NEXT) was released for Sep, 2022. According to the Oil & Gas E&P Company, earnings per share came in at -$0.19, missing analysts’ expectations of -$0.1 by -0.09. This compares to $0.01 EPS in the same period last year. The company reported revenue of $0.3 million for the quarter, compared to $0.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.58 percent.
NextDecade Corporation(NEXT) Company Profile
NextDecade Corporation engages in the development activities related to the liquefaction and sale of liquefied natural gas (LNG); and capture and storage of CO2 emissions. The company focuses on the development activities on the Rio Grande LNG terminal facility located in the Port of Brownsville in southern Texas. It also focuses on a carbon capture and storage project (CCS project) at the terminal, as well as on other CCS projects with third-party industrial source facilities. The company was founded in 2010 is based in Houston, Texas.
