NextDecade Corporation (NASDAQ:NEXT) Given Consensus Rating of “Hold” by Analysts

NextDecade Corporation (NASDAQ:NEXT) has been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $8.10.

Several analysts have recently commented on NEXT shares. The Goldman Sachs Group assumed coverage on NextDecade in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $8.50 target price for the company. Citigroup assumed coverage on NextDecade in a report on Wednesday, May 13th. They issued a “buy” rating and a $11.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of NextDecade in a research note on Friday, July 24th.

NextDecade Price Performance

Shares of NASDAQ NEXT opened at $7.35 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 3.70. The firm has a market cap of $1.96 billion, a PE ratio of -5.40 and a beta of 1.55. The company’s fifty day simple moving average is $7.26 and its 200 day simple moving average is $7.23. NextDecade has a 12-month low of $4.75 and a 12-month high of $11.27.

NextDecade (NASDAQ:NEXT) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.66) by $0.41. As a group, sell-side analysts forecast that NextDecade will post -2.94 earnings per share for the current fiscal year.

Institutional Trading of NextDecade

A number of hedge funds and other institutional investors have recently bought and sold shares of NEXT. Clough Capital Partners L P acquired a new position in shares of NextDecade during the first quarter valued at about $2,702,000. Wolf Hill Capital Management LP acquired a new stake in shares of NextDecade in the 2nd quarter worth about $2,826,716. BlackRock Inc. acquired a new stake in shares of NextDecade in the 2nd quarter worth about $179,608,000. Pacer Advisors Inc. lifted its position in NextDecade by 56.7% in the 1st quarter. Pacer Advisors Inc. now owns 416,955 shares of the company’s stock valued at $3,194,000 after acquiring an additional 150,844 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in NextDecade by 12.4% in the 1st quarter. Catalyst Capital Advisors LLC now owns 5,216,592 shares of the company’s stock valued at $39,959,000 after acquiring an additional 574,080 shares in the last quarter. Institutional investors own 66.74% of the company’s stock.

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.