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.
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