Stocks of NextDecade Corporation (NASDAQ:NEXT) traded higher last session on Wall Street, unchanged to $8.55.
According to the data, NextDecade Corporation (NASDAQ:NEXT) has 6 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $4.50, we find $9.00. Given the previous closing price of $8.55, this indicates a potential upside of 5.26 percent. NEXT stock price is now 29.10% away from the 50-day moving average and 43.13% away from the 200-day moving average. The market capitalization of the company currently stands at $1.25B.
A total of 3 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $8.30 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).
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 JENNISON ASSOCIATES LLC during the first quarter worth $10,329,000. YAUPON CAPITAL MANAGEMENT LP invested $3,066,000 in shares of NEXT during the first quarter. In the first quarter, ADAGE CAPITAL PARTNERS GP, L.L.C. acquired a new stake in NextDecade Corporation valued at approximately $2,993,000. ROKOS CAPITAL MANAGEMENT LLP acquired a new stake in NEXT for approximately $2,394,000. MARSHALL WACE, LLP purchased a new stake in NEXT valued at around $1,490,000 in the second quarter. In total, there are 143 active investors with 83.30% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $8.57 for NextDecade Corporation (NASDAQ: NEXT). During the past 12 months, NextDecade Corporation has had a low of $3.92 and a high of $8.95. The fifty day moving average price for NEXT is $6.68 and a two-hundred day moving average price translates $5.98 for the stock.
The latest earnings results from NextDecade Corporation (NASDAQ: NEXT) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at -$0.23, missing analysts’ expectations of -$0.21 by -0.02. This compares to -$0.09 EPS in the same period last year. The company reported revenue of $0.34 million for the quarter, compared to $0.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 53.88 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. It focuses on the development activities on the Rio Grande LNG terminal facility located in the Port of Brownsville in southern Texas; and 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.
