Insider Buying: Nuverra Environmental Solutions VP Joseph M. Crabb Buys 5,000 Shares (NES)
Nuverra Environmental Solutions (NYSE:NES) VP Joseph M. Crabb purchased 5,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were purchased at an average price of $13.18 per share, with a total value of $65,900.00. Following the completion of the acquisition, the vice president now directly owns 14,000 shares of the company’s stock, valued at approximately $184,520. The purchase was disclosed in a filing with the SEC, which is available at this link.
NES has been the subject of a number of recent research reports. 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 issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.05.
Shares of Nuverra Environmental Solutions (NYSE:NES) opened at 13.18 on Friday. Nuverra Environmental Solutions has a 52 week low of $12.90 and a 52 week high of $27.40. The stock’s 50-day moving average is $15.58 and its 200-day moving average is $17.13. The company’s market cap is $352.3 million.
Nuverra Environmental Solutions (NYSE:NES) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.91) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.50) earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. 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.