Nuverra Environmental Solutions Stock Rating Upgraded by Zacks (NES)
Nuverra Environmental Solutions (NYSE:NES) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Thursday, Stock Ratings News reports. The firm currently has a $17.20 price target on the stock. Zacks‘ target price would indicate a potential upside of 2.44% from the stock’s previous close.
NES has been the subject of a number of other recent research reports. Analysts at Cowen and Company initiated coverage on shares of Nuverra Environmental Solutions in a research note to investors on Tuesday, November 19th. They set an “outperform” rating and a $3.25 price target on the stock. Separately, analysts at Wunderlich cut their price target on shares of Nuverra Environmental Solutions from $5.00 to $4.00 in a research note to investors on Tuesday, November 12th. They now have a “buy” rating on the stock. Finally, analysts at Roth Capital cut their price target on shares of Nuverra Environmental Solutions to $1.70 in a research note to investors on Tuesday, November 12th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Nuverra Environmental Solutions currently has a consensus rating of “Hold” and a consensus price target of $4.00.
Shares of Nuverra Environmental Solutions (NYSE:NES) traded down 4.29% on Thursday, hitting $16.07. 197,593 shares of the company’s stock traded hands. Nuverra Environmental Solutions has a one year low of $13.10 and a one year high of $44.20. The stock’s 50-day moving average is $16.07 and its 200-day moving average is $24.21.
Nuverra Environmental Solutions (NYSE:NES) last announced its earnings results on Thursday, November 7th. The company reported ($0.78) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.76. The company had revenue of $162.60 million for the quarter, compared to the consensus estimate of $177.32 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 74.7% on a year-over-year basis. On average, analysts predict that Nuverra Environmental Solutions will post $-9.37 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.
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