NextDecade Corporation (NASDAQ:NEXT) Given Average Recommendation of “Hold” by Analysts

NextDecade Corporation (NASDAQ:NEXT) has earned an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $8.00.

Several analysts recently issued reports on the company. TD Cowen cut their target price on NextDecade from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Thursday, March 5th. Weiss Ratings raised NextDecade from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, April 27th. Morgan Stanley raised their target price on NextDecade from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Finally, Citigroup began coverage on shares of NextDecade in a report on Wednesday, May 13th. They issued a “buy” rating and a $11.00 price objective for the company.

Institutional Trading of NextDecade

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL raised its holdings in NextDecade by 262.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 912,589 shares of the company’s stock worth $6,196,000 after acquiring an additional 661,028 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in NextDecade by 168.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 394,476 shares of the company’s stock worth $2,678,000 after acquiring an additional 247,618 shares during the last quarter. Citigroup Inc. raised its holdings in NextDecade by 1,112.2% in the 3rd quarter. Citigroup Inc. now owns 681,904 shares of the company’s stock worth $4,630,000 after acquiring an additional 625,652 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in NextDecade by 21.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 642,182 shares of the company’s stock worth $3,384,000 after acquiring an additional 112,300 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC purchased a new position in NextDecade in the 4th quarter worth approximately $613,000. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

NextDecade Trading Up 0.8%

Shares of NEXT stock opened at $7.41 on Tuesday. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.40 and a current ratio of 0.40. NextDecade has a 52-week low of $4.75 and a 52-week high of $12.12. The company has a market capitalization of $1.96 billion, a PE ratio of -5.53 and a beta of 1.60. The business’s fifty day moving average is $7.95 and its 200 day moving average is $6.57.

NextDecade (NASDAQ:NEXT) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.15. On average, equities research analysts anticipate that NextDecade will post -2.16 EPS for the current fiscal year.

NextDecade Company Profile

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.