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Equities research analysts at Wedbush decreased their price target on shares of Nuverra Environmental Solutions (NYSE:NES) from $14.00 to $11.00 in a research note issued to investors on Tuesday. Wedbush’s price objective would suggest a potential downside of 19.24% from the company’s current price.

NES has been the subject of a number of other recent research reports. Analysts at Imperial Capital cut their price target on shares of Nuverra Environmental Solutions from $17.00 to $15.00 in a research note on Monday, August 18th. They now have an “in-line” rating on the stock. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $21.05.

Nuverra Environmental Solutions (NYSE:NES) traded down 1.47% on Tuesday, hitting $13.42. 47,877 shares of the company’s stock traded hands. Nuverra Environmental Solutions has a 1-year low of $12.92 and a 1-year high of $27.40. The stock’s 50-day moving average is $16.59 and its 200-day moving average is $17.26. The company’s market cap is $358.7 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 quarterly revenue was down 5.4% on a year-over-year basis. Analysts expect that Nuverra Environmental Solutions will post $-1.72 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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