Nuverra Environmental Solutions PT Lowered to $15.00 (NES)
Research analysts at Jefferies Group cut their price target on shares of Nuverra Environmental Solutions (NYSE:NES) from $17.00 to $15.00 in a report released on Friday. Jefferies Group’s price objective indicates a potential upside of 1.28% from the stock’s previous close.
Separately, analysts at Craig Hallum upgraded shares of Nuverra Environmental Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, June 18th. They now have a $19.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $22.39.
Shares of Nuverra Environmental Solutions (NYSE:NES) traded down 17.35% on Friday, hitting $14.81. The stock had a trading volume of 1,310,744 shares. Nuverra Environmental Solutions has a 1-year low of $13.10 and a 1-year high of $29.60. The stock has a 50-day moving average of $18.30 and a 200-day moving average of $17.27. The company’s market cap is $389.6 million.
Nuverra Environmental Solutions (NYSE:NES) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.69. The company had revenue of $156.60 million for the quarter, compared to the consensus estimate of $144.80 million. During the same quarter in the previous year, the company posted ($0.50) earnings per share. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Analysts expect that Nuverra Environmental Solutions will post $-0.85 EPS 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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