NextDecade Corporation (NASDAQ:NEXT) Given Consensus Rating of “Hold” by Analysts

NextDecade Corporation (NASDAQ:NEXT) has been given a consensus recommendation of “Hold” by the six analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $8.50.

NEXT has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextDecade in a research report on Monday, December 29th. TD Cowen lowered their price objective on shares of NextDecade from $8.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, October 23rd.

NextDecade Trading Up 4.1%

Shares of NEXT stock opened at $5.29 on Friday. The business has a 50-day moving average price of $5.61 and a two-hundred day moving average price of $7.60. NextDecade has a 12-month low of $4.76 and a 12-month high of $12.12. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.34. The firm has a market cap of $1.40 billion, a P/E ratio of -7.25 and a beta of 1.97.

NextDecade (NASDAQ:NEXT) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.10). Equities analysts anticipate that NextDecade will post -0.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other NextDecade news, major shareholder Aerospace Co. Ltd. Hanwha purchased 800,000 shares of the business’s stock in a transaction on Friday, December 12th. The stock was acquired at an average cost of $5.54 per share, for a total transaction of $4,432,000.00. Following the completion of the transaction, the insider directly owned 26,420,222 shares in the company, valued at approximately $146,368,029.88. This represents a 3.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have acquired 7,177,861 shares of company stock valued at $42,393,247 over the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. US Bancorp DE boosted its holdings in NextDecade by 22,782.4% during the 3rd quarter. US Bancorp DE now owns 3,890 shares of the company’s stock valued at $26,000 after acquiring an additional 3,873 shares during the period. Bessemer Group Inc. bought a new stake in NextDecade in the third quarter valued at approximately $29,000. Comerica Bank boosted its stake in shares of NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after purchasing an additional 1,900 shares during the period. AlphaQuest LLC grew its holdings in shares of NextDecade by 102.2% in the second quarter. AlphaQuest LLC now owns 3,961 shares of the company’s stock worth $35,000 after purchasing an additional 2,002 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of NextDecade in the second quarter worth $36,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.

NextDecade Company Profile

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.