NEX
NexTier Oilfield Solutions Inc. [NEX] Stock Forecast
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NEX Stock Summary
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NexTier Oilfield Solutions: Discounted Valuation And Strong Outlook
NexTier Oilfield Solutions Inc. offers a profitable alternative to investing directly in oil companies, with strong shareholder returns through buybacks. The company is driving shareholder value through its buyback program, allocating around 50% of all FCF to repurchasing shares. NexTier aims to reach zero net debt by 2023, generating significant FCF and benefiting shareholders through buybacks.
NexTier Oilfield Solutions (NEX) Q2 Earnings and Revenues Lag Estimates
NexTier Oilfield Solutions (NEX) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.39 per share a year ago.
Compared to Estimates, NexTier Oilfield Solutions (NEX) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for NexTier Oilfield Solutions (NEX) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
July MDA Breakout Stocks Week 27 - 2023: High-Frequency Gainers To Give You An Edge
Two new sample Breakout Stocks for Week 27 with better than 10% short-term upside and a Dow 30 Picks. Average cumulative returns for 2023 are up to +102.0% YTD. Last week, neither the MDA nor Bounce/Lag models had any 10% peak gainers. The strong start to RIG +7.8% on Friday for members may end the drought. The streak of weekly picks gaining over 10% in less than a week has reached 252 out of 318 trading weeks (79.2%) not considering multiple gainers or negative signals.
NexTier Announces Timing of Second Quarter 2023 Earnings Release and Conference Call
HOUSTON , June 27, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it will release its second quarter 2023 financial and operating results after market close on Tuesday, July 25, 2023. This release will be followed by a conference call at 10:00 a.m.
Patterson-UTI And NexTier Oilfield Merger: Which Stock's Investors Benefit More?
Patterson-UTI And NexTier Oilfield Merger: Which Stock's Investors Benefit More?
Patterson-UTI, NexTier Combine to Create Oil Services Giant
The current stockholders of Patterson-UTI Energy (PTEN) will own approximately 55% of the combined company, with NexTier Oilfield Solutions (NEX) shareholders owning the rest.
NexTier Oilfield Solutions (NEX) Moves 6.7% Higher: Will This Strength Last?
NexTier Oilfield Solutions (NEX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Is NexTier-Patterson UTI Deal A Sign Of More Consolidation Ahead?
Shares of Patterson UTI Energy Inc. NASDAQ: PTEN and NexTier Oilfield Solutions NYSE: NEX were both trading higher on June 15 following news that the companies agreed to combine in a merger of equals.
Patterson-UTI Energy to merge with NexTier Oilfield in deal with enterprise value of about $5.4 billion
Patterson-UTI Energy Inc. PTEN, -3.30% said Thursday it has reached an agreement to combine with NexTier Oilfield Solutions Inc . NEX, -1.55% in an all-stock deal with an enterprise value of $5.4 billion.
NEX Financial details
NEX Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 19.55 | 14.81 | 5.62 | 6.34 | 13.33 | |
| Net income per share | 0.54 | -0.86 | -1.62 | -0.53 | 1.29 | |
| Operating cash flow per share | 3.2 | 2.48 | 0.32 | -0.23 | 1.87 | |
| Free cash flow per share | 0.6 | 0.76 | -0.26 | -1.07 | 0.94 | |
| Cash per share | 0.73 | 2.07 | 1.29 | 0.49 | 0.9 | |
| Book value per share | 4.46 | 7.21 | 2.61 | 2.44 | 3.25 | |
| Tangible book value per share | 2.77 | 5.65 | 1.88 | 1.29 | 2.25 | |
| Share holders equity per share | 4.46 | 7.21 | 2.61 | 2.44 | 3.25 | |
| Interest debt per share | 3.52 | 3.48 | 1.87 | 2.08 | 1.81 | |
| Market cap | 894.36M | 823.95M | 735.45M | 796.62M | 2.25B | |
| Enterprise value | 1.17B | 974.59M | 838.9M | 1.13B | 2.44B | |
| P/E ratio | 15.07 | -7.76 | -2.12 | -6.67 | 7.14 | |
| Price to sales ratio | 0.42 | 0.45 | 0.61 | 0.56 | 0.69 | |
| POCF ratio | 2.55 | 2.7 | 10.68 | -15.69 | 4.95 | |
| PFCF ratio | 13.54 | 8.84 | -13.29 | -3.33 | 9.81 | |
| P/B Ratio | 1.84 | 0.93 | 1.32 | 1.46 | 2.85 | |
| PTB ratio | 1.84 | 0.93 | 1.32 | 1.46 | 2.85 | |
| EV to sales | 0.55 | 0.54 | 0.7 | 0.79 | 0.75 | |
| Enterprise value over EBITDA | 11.41 | 432.96 | -3.11 | -9.95 | 6.19 | |
| EV to operating cash flow | 3.33 | 3.19 | 12.18 | -22.2 | 5.38 | |
| EV to free cash flow | 17.64 | 10.45 | -15.16 | -4.71 | 10.65 | |
| Earnings yield | 0.07 | -0.13 | -0.47 | -0.15 | 0.14 | |
| Free cash flow yield | 0.07 | 0.11 | -0.08 | -0.3 | 0.1 | |
| Debt to equity | 0.72 | 0.46 | 0.68 | 0.81 | 0.52 | |
| Debt to assets | 0.33 | 0.24 | 0.33 | 0.3 | 0.24 | |
| Net debt to EBITDA | 2.65 | 66.92 | -0.38 | -2.92 | 0.49 | |
| Current ratio | 1.51 | 1.78 | 2.21 | 1.08 | 1.31 | |
| Interest coverage | 2.93 | -13.26 | -16.04 | -4.28 | 5.83 | |
| Income quality | 5.9 | -2.88 | -0.2 | 0.43 | 1.44 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0.05 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.17 | 0.12 | 0.13 | 0.18 | 0.14 | |
| Capex to operating cash flow | -0.81 | -0.69 | -1.8 | 3.71 | -0.5 | |
| Capex to revenue | -0.13 | -0.12 | -0.1 | -0.13 | -0.07 | |
| Capex to depreciation | -1.1 | -0.73 | -0.41 | -1.02 | -0.98 | |
| Stock based compensation to revenue | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | |
| Graham number | 7.38 | 11.83 | 9.75 | 5.4 | 9.72 | |
| ROIC | 0.11 | -0.22 | -0.34 | -0.1 | 0.13 | |
| Return on tangible assets | 0.07 | -0.07 | -0.35 | -0.1 | 0.21 | |
| Graham Net | -2.85 | -1.86 | -1.02 | -2.47 | -1.59 | |
| Working capital | 111.68M | 301.86M | 266.62M | 36.01M | 172.68M | |
| Tangible asset value | 302.75M | 694.29M | 401.91M | 289.28M | 546.55M | |
| Net current asset value | -235.14M | -90.08M | -113.82M | -402.86M | -211.23M | |
| Invested capital | 0.72 | 0.46 | 0.68 | 0.81 | 0.52 | |
| Average receivables | 224.22M | 280.6M | 236.67M | 212.16M | 349.47M | |
| Average payables | 99.53M | 110.98M | 88.26M | 126.11M | 196.95M | |
| Average inventory | 34.55M | 48.66M | 45.85M | 34.08M | 52.24M | |
| Days sales outstanding | 35.94 | 70.29 | 37.21 | 77.37 | 44.68 | |
| Days payables outstanding | 20.29 | 24.8 | 16.75 | 48.42 | 27.24 | |
| Days of inventory on hand | 6.78 | 13.27 | 8.22 | 9.66 | 8.91 | |
| Receivables turnover | 10.16 | 5.19 | 9.81 | 4.72 | 8.17 | |
| Payables turnover | 17.99 | 14.72 | 21.79 | 7.54 | 13.4 | |
| Inventory turnover | 53.82 | 27.52 | 44.39 | 37.79 | 40.96 | |
| ROE | 0.12 | -0.12 | -0.62 | -0.22 | 0.4 | |
| Capex per share | -2.6 | -1.73 | -0.58 | -0.84 | -0.93 |
Quarterly Fundamentals Overview
Last date of statement is 2023-06-30 for Q2
| Metric | History | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 3.45 | 3.66 | 3.61 | 4.01 | 4.13 | |
| Net income per share | 0.28 | 0.43 | 0.55 | 1.09 | 0.66 | |
| Operating cash flow per share | 0.48 | 0.67 | 0.6 | 0.74 | 0.99 | |
| Free cash flow per share | 0.25 | 0.43 | 0.27 | 0.32 | 0.54 | |
| Cash per share | 0.65 | 1.02 | 0.9 | 0.94 | 1.35 | |
| Book value per share | 2.64 | 3.12 | 3.27 | 4.24 | 4.93 | |
| Tangible book value per share | 1.61 | 2.11 | 2.26 | 3.2 | 3.88 | |
| Share holders equity per share | 2.64 | 3.12 | 3.27 | 4.24 | 4.93 | |
| Interest debt per share | 1.77 | 1.74 | 1.74 | 1.95 | 2.02 | |
| Market cap | 2.32B | 1.81B | 2.23B | 1.85B | 2.05B | |
| Enterprise value | 2.59B | 1.98B | 2.43B | 2.08B | 2.19B | |
| P/E ratio | 8.47 | 4.32 | 4.2 | 1.82 | 3.41 | |
| Price to sales ratio | 2.75 | 2.02 | 2.56 | 1.98 | 2.17 | |
| POCF ratio | 19.69 | 11.05 | 15.49 | 10.7 | 9.06 | |
| PFCF ratio | 38.05 | 17.26 | 34.55 | 25 | 16.47 | |
| P/B Ratio | 3.6 | 2.37 | 2.83 | 1.88 | 1.81 | |
| PTB ratio | 3.6 | 2.37 | 2.83 | 1.88 | 1.81 | |
| EV to sales | 3.07 | 2.21 | 2.79 | 2.23 | 2.32 | |
| Enterprise value over EBITDA | 25.9 | 15.17 | 17.37 | 12.77 | 13.02 | |
| EV to operating cash flow | 21.95 | 12.08 | 16.84 | 12.03 | 9.71 | |
| EV to free cash flow | 42.42 | 18.87 | 37.55 | 28.11 | 17.64 | |
| Earnings yield | 0.03 | 0.06 | 0.06 | 0.14 | 0.07 | |
| Free cash flow yield | 0.03 | 0.06 | 0.03 | 0.04 | 0.06 | |
| Debt to equity | 0.66 | 0.55 | 0.52 | 0.45 | 0.4 | |
| Debt to assets | 0.26 | 0.23 | 0.24 | 0.22 | 0.21 | |
| Net debt to EBITDA | 2.67 | 1.29 | 1.39 | 1.41 | 0.87 | |
| Current ratio | 1.19 | 1.3 | 1.31 | 1.21 | 1.37 | |
| Interest coverage | 5.59 | 10.34 | 12.42 | 25.73 | 14.37 | |
| Income quality | 1.72 | 1.56 | 1.08 | 0.68 | 1.51 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.15 | 0.14 | 0.14 | 0.12 | 0.11 | |
| Capex to operating cash flow | -0.48 | -0.36 | -0.55 | -0.57 | -0.45 | |
| Capex to revenue | -0.07 | -0.07 | -0.09 | -0.11 | -0.11 | |
| Capex to depreciation | -0.97 | -1.04 | -1.35 | -1.69 | -1.6 | |
| Stock based compensation to revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Graham number | 4.08 | 5.48 | 6.37 | 10.19 | 8.53 | |
| ROIC | 0.04 | 0.06 | 0.06 | 0.17 | 0.06 | |
| Return on tangible assets | 0.05 | 0.07 | 0.09 | 0.14 | 0.08 | |
| Graham Net | -1.97 | -1.63 | -1.61 | -1.89 | -1.55 | |
| Working capital | 116.39M | 194.9M | 172.68M | 139.78M | 236.72M | |
| Tangible asset value | 393.86M | 517.03M | 546.55M | 746.94M | 888.1M | |
| Net current asset value | -283.37M | -195.98M | -211.23M | -244.2M | -157.42M | |
| Invested capital | 0.66 | 0.55 | 0.52 | 0.45 | 0.4 | |
| Average receivables | 424.16M | 468.15M | 438.43M | 442.55M | 465.82M | |
| Average payables | 249.99M | 274.26M | 245.61M | 269.18M | 341.5M | |
| Average inventory | 54.09M | 58.62M | 63.2M | 66.33M | 69.84M | |
| Days sales outstanding | 48.76 | 48.18 | 41.05 | 46.93 | 42.26 | |
| Days payables outstanding | 33.05 | 35.1 | 26.41 | 41.21 | 42.29 | |
| Days of inventory on hand | 7.27 | 7.31 | 8.64 | 8.14 | 8.93 | |
| Receivables turnover | 1.85 | 1.87 | 2.19 | 1.92 | 2.13 | |
| Payables turnover | 2.72 | 2.56 | 3.41 | 2.18 | 2.13 | |
| Inventory turnover | 12.38 | 12.32 | 10.42 | 11.06 | 10.08 | |
| ROE | 0.11 | 0.14 | 0.17 | 0.26 | 0.13 | |
| Capex per share | -0.23 | -0.24 | -0.33 | -0.43 | -0.44 |
NEX Frequently Asked Questions
What is NexTier Oilfield Solutions Inc. stock symbol ?
NexTier Oilfield Solutions Inc. is a US stock , located in Houston of Tx and trading under the symbol NEX
Is NexTier Oilfield Solutions Inc. buy or a sell ?
3 stock analysts have 3 predictions with a medium analyst target price of $13.17. The lowest prediction is $12 and the highest is $15
What is NEX stock prediction ?
What is NexTier Oilfield Solutions Inc. stock quote today ?
NexTier Oilfield Solutions Inc. stock price is $10.61 today.
Is NexTier Oilfield Solutions Inc. stock public?
Yes, NexTier Oilfield Solutions Inc. is a publicly traded company.
Company Profile
- Volume Average 2.96M
- Market Capitalization 2.42B
- Employee 4.3K
- CEO Mr. Robert Wayne Drummond Jr.
- Headquarters Houston,TX,US
- IPO Date 2017-01-20
-
Website
https://nextierofs.com 
NexTier Oilfield Solutions Inc., through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates through two segments, Completion Services, and Well Construction and Intervention Services. The Completion Services segment offers hydraulic fracturing services to enhance production of oil and natural gas from formations with low permeability and restricted flow of hydrocarbons; wireline services; and perforating, pumpdown, pipe recovery, pressure pumping, and wellsite make-up and pressure testing services. As of December 31, 2021, it had approximately 2.1 million of fracturing hydraulic horsepower, 101 wireline trucks, and 76 pumpdown units. The Well Construction and Intervention Services segment provides cementing services that incorporate custom engineered mixing and blending equipment to ensure precision and accuracy in providing annulus isolation and hydraulic seal, while protecting fresh water zones from its customers' zone of interest; and engineering software and technical guidance for remedial cementing applications, and acidizing to optimize the performance of its customers' wells. This segment also offers coiled tubing services to help customers in accomplishing various goals in their horizontal completion, workover, and well maintenance projects. As of December 31, 2021, it had approximately 17 coiled tubing units and 74 cementing units. The company serves integrated and large independent oil and natural gas exploration and production companies in the United States and internationally. NexTier Oilfield Solutions Inc. was founded in 1973 and is headquartered in Houston, Texas.
