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Nuverra Environmental Solutions (NYSE:NES) has received an average recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, American Banking reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $22.39.

Shares of Nuverra Environmental Solutions (NYSE:NES) opened at 13.01 on Monday. Nuverra Environmental Solutions has a 52-week low of $12.92 and a 52-week high of $29.20. The stock’s 50-day moving average is $17.7 and its 200-day moving average is $17.26. The company’s market cap is $347.8 million.

Nuverra Environmental Solutions (NYSE:NES) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.91) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.50) earnings per share. Nuverra Environmental Solutions’s revenue was down 5.4% compared to the same quarter last year. On average, analysts predict that Nuverra Environmental Solutions will post $-1.57 earnings per share for the current fiscal year.

NES has been the subject of a number of recent research reports. Analysts at Jefferies Group cut their price target on shares of Nuverra Environmental Solutions from $17.00 to $15.00 in a research note on Friday, August 8th. 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.

Nuverra Environmental Solutions, Inc, formerly Heckmann Corporation, provides environmental solutions to protect, enhance and advance environmental sustainability.

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