Share on StockTwits

Analysts at Imperial Capital cut their price target on shares of Nuverra Environmental Solutions (NYSE:NES) from $17.00 to $15.00 in a research report issued to clients and investors on Monday. The firm currently has an “in-line” rating on the stock. Imperial Capital’s price objective indicates a potential upside of 10.70% from the stock’s previous close.

Shares of Nuverra Environmental Solutions (NYSE:NES) traded up 0.37% during mid-day trading on Monday, hitting $13.60. 50,141 shares of the company’s stock traded hands. Nuverra Environmental Solutions has a 52 week low of $12.92 and a 52 week high of $29.00. The stock has a 50-day moving average of $17.61 and a 200-day moving average of $17.26. The company’s market cap is $363.5 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. Analysts expect that Nuverra Environmental Solutions will post $-1.70 EPS for the current fiscal year.

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 $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. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $22.17.

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.