Analysts at Imperial Capital started coverage on shares of Nuverra Environmental Solutions (NYSE:NES) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “in-line” rating and a $2.50 price target on the stock. Imperial Capital’s target price indicates a potential upside of 0.40% from the company’s current price. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Nuverra Environmental Solutions (NYSE:NES) in a research note to investors on Tuesday, August 27th. They now have a $2.75 price target on the stock, down previously from $3.25. Finally, analysts at Wedbush cut their price target on shares of Nuverra Environmental Solutions (NYSE:NES) from $2.50 to $2.00 in a research note to investors on Friday, August 9th.
Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Nuverra Environmental Solutions currently has a consensus rating of “Hold” and an average target price of $3.31.
Shares of Nuverra Environmental Solutions (NYSE:NES) opened at 2.4899 on Wednesday. Nuverra Environmental Solutions has a one year low of $2.06 and a one year high of $5.14. The stock’s 50-day moving average is $2.9 and its 200-day moving average is $3.4. The company’s market cap is $647.2 million.
Nuverra Environmental Solutions (NYSE:NES) last released its earnings data on Thursday, August 8th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.02. The company had revenue of $165.50 million for the quarter, compared to the consensus estimate of $168.64 million. The company’s quarterly revenue was up 82.3% on a year-over-year basis. On average, analysts predict that Nuverra Environmental Solutions will post $-0.13 earnings per share for the current fiscal year.
In other Nuverra Environmental Solutions news, CEO Mark Johnsrud purchased 900,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of $2.31 per share, with a total value of $2,079,000.00. Following the completion of the purchase, the chief executive officer now directly owns 95,900,000 shares in the company. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Nuverra Environmental Solutions, Inc, formerly Heckmann Corporation, provides environmental solutions to protect, enhance and advance environmental sustainability.
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