Nuverra Environmental Solutions Shares Down 2.1% After Analyst Downgrade (NES)
Nuverra Environmental Solutions (NYSE:NES)’s share price was down 2.1% during mid-day trading on Monday after Imperial Capital lowered their price target on the stock from $17.00 to $15.00, AnalystRatingsNetwork.com reports. Imperial Capital currently has an in-line rating on the stock. Nuverra Environmental Solutions traded as low as $13.23 and last traded at $13.27, with a volume of 239,397 shares. The stock had previously closed at $13.55.
A number of other analysts have also recently weighed in on NES. 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. Nuverra Environmental Solutions presently has an average rating of “Buy” and an average price target of $22.17.
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 $356.3 million.
Nuverra Environmental Solutions (NYSE:NES) last issued its quarterly earnings data 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.
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.