NexTier Oilfield Solutions Inc. (NYSE:NEX) Stock: Can It Get Better?

In the recent trading session, NexTier Oilfield Solutions Inc. (NYSE:NEX) shares lost -5.68% or -0.39 points to close at $6.48 with a thin trading volume of 704.124 thousand shares. It opened the trading session at $6.9, the shares rose to $6.93 and dropped to $6.4, the range by which the price of stock traded the whole session. The company now has a market cap of $1.4 billion and currently has 203.66 million outstanding shares. NexTier Oilfield Solutions Inc. (NEX) stock has accumulated 33.66 percent of market value in 21 trading days.

NEX stock’s trailing 3-year beta is 0, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was -$0.17 share in the trailing 52 weeks. The stock’s value surged 2.54 percent year to date (YTD) compared to a decline of -23.24 percent in 52 week’s period. The firm’s shares are still trading -48.16 percent below its 1-year high of $12.50 and 60 percent up from 52-week low of $4.05. The average consensus ranking on the company is 2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.

NexTier Oilfield Solutions Inc. (NEX) is most likely going to rise 37.5 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $12 as 12-month high price target. This represents a whopping 85.19 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $9, which means a return possibility of 38.89 percent in comparison with the closing price of the stock of $6.48 in recent trading session. The lowest price set for the stock is $5.5 which is just above -15.12 percent from NEX share’s price at the end of session.

Past records have indicated that shares in NexTier Oilfield Solutions Inc. rose on 2 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.

The stock is lingering around the initial support level of $6.74. After this, the following support is at the zone of $6.6. Up until the time the NEX stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 53.48 on the daily chart, and this may be a cause for concern. In case the price goes below $6.6 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $7.02 level may cause a pull-back move approaching $7.16 mark.

NexTier Oilfield Solutions Inc. (NEX) shares are trading at a P/E ratio of -40.97 times earnings posted in the trailing 12 months. The industry NEX deals with has an average P/E of 63.61. Its P/B ratio is standing at 1.51X compared to the 1.9 industry average. It is additionally sporting a 0.36 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.26. NexTier Oilfield Solutions Inc. has a 23.1% gross profit margin, with its operating margin around 0.4%. Alongside this, the company’s net profit margin currently stands at -1%.