Wunderlich Reiterates “Buy” Rating for Nuverra Environmental Solutions (NES)
Nuverra Environmental Solutions (NYSE:NES)‘s stock had its “buy” rating restated by stock analysts at Wunderlich in a report issued on Thursday, Analyst Ratings Network reports. They currently have a $5.00 target price on the stock. Wunderlich’s price objective points to a potential upside of 123.21% from the company’s current price.
NES has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Nuverra Environmental Solutions from $2.75 to $2.50 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Zacks upgraded shares of Nuverra Environmental Solutions from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $2.30 price target on the stock. Finally, analysts at Imperial Capital initiated coverage on shares of Nuverra Environmental Solutions in a research note to investors on Wednesday, September 4th. They set an “in-line” rating and a $2.50 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.42.
Shares of Nuverra Environmental Solutions (NYSE:NES) traded down 1.75% on Thursday, hitting $2.24. The stock had a trading volume of 1,052,241 shares. Nuverra Environmental Solutions has a 52 week low of $2.65 and a 52 week high of $4.99. The stock has a 50-day moving average of $2.72 and a 200-day moving average of $3.42. The company’s market cap is $582.3 million.
Nuverra Environmental Solutions (NYSE:NES) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the 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.
Nuverra Environmental Solutions, Inc, formerly Heckmann Corporation, provides environmental solutions to protect, enhance and advance environmental sustainability.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.