NEX Stock Recent News

NexTier Oilfield Solutions (NEX) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.08 per share a year ago.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Compared to Wall Street ratings, Seeking Alpha's Quant rankings are likely more objective and often provide a compelling contrast. While Wall Street rates HAL more favorably than NEX, Seeking Alpha's Quant rankings favor NEX over HAL.

According to the average brokerage recommendation (ABR), one should invest in NexTier Oilfield Solutions (NEX). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic.

NexTier is trading at 4x forward EPS and 2.8x EV to EBITDA, with even cheaper valuations possible in 2024. Some of the highest profit margins in the oilfield services industry are available from the company today.

NEX announced solid annual and quarterly results with increased revenues and income. The stock is at a key support level providing investors with a buying opportunity.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

NexTier Oilfield Solutions Inc. (NYSE:NEX ) Q4 2022 Earnings Conference Call February 16, 2023 11:00 AM ET Company Participants Mike Sabella - Vice President of Investor Relations Robert Drummond - President and Chief Executive Officer Kenny Pucheu - Chief Financial Officer Kevin McDonald - Chief Administrative Officer and General Counsel Conference Call Participants Scott Gruber - Citigroup Stephen Gengaro - Stifel Luke Lemoine - Piper Sandler Derek Podhaizer - Barclays Kurt Hallead - Benchmark Saurabh Pant - Bank of America John Daniel - Daniel Energy Partners Operator Good morning, and welcome to the NexTier Oilfield Solutions Fourth Quarter 2022 Conference Call. As a reminder, today's call is being recorded.

The oilfield services company is benefiting from strong market conditions.

NexTier Oilfield Solutions (NEX) delivered earnings and revenue surprises of 28.26% and 0.04%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?