Share on StockTwits

Nuverra Environmental Solutions (NYSE:NES) shares hit a new 52-week low on Thursday , AnalystRatings.Net reports. The stock traded as low as $12.90 and last traded at $13.18, with a volume of 79,526 shares traded. The stock had previously closed at $13.26.

A number of analysts have recently weighed in on NES shares. Analysts at Wedbush cut their price target on shares of Nuverra Environmental Solutions from $14.00 to $11.00 in a research note on Tuesday, August 26th. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $21.05.

The stock has a 50-day moving average of $15.71 and a 200-day moving average of $17.16. The company’s market cap is $352.3 million.

Nuverra Environmental Solutions (NYSE:NES) last announced its 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 $-1.63 earnings per share 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.