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We are betting on five Buy-ranked value stocks MUSA, NEX, PSX, PUMP and LBRT to cushion the portfolio as well as make some gains from the energy sector's upside potential.
Attractive oil price is aiding BP's upstream operations.
HOUSTON, Dec. 20, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it will release its fourth quarter 2022 financial and operating results after market close on Wednesday, February 15, 2023. This release will be followed by a conference call at 10:00 a.m.
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's net income is the gift that keeps on giving, up over $148 million year-over-year. Even in a recession, the company sees frac supply/demand dynamics to be favorable for the industry and company in 2023.
Oil services stocks are up big despite a weak tape in 2022 and slugging oil price action lately. After reporting an earnings beat in October and announcing a share repurchase plan through 2023, I see upside to one small-cap energy player.
Does NexTier Oilfield Solutions (NEX) have what it takes to be a top stock pick for momentum investors? Let's find out.
NexTier Oilfield Solutions (NEX) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
NexTier Oilfield Solutions Inc. (NYSE:NEX ) Q3 2022 Earnings Conference Call October 26, 2022 11:00 AM ET Company Participants Mike Sabella - Vice President of Investor Relations Robert Drummond - President and Chief Executive Officer Kenneth Pucheu - Chief Financial Officer Kevin McDonald - Chief Administrative Officer and General Counsel Conference Call Participants Arun Jayaram - JPMorgan Stephen Gengaro - Stifel Derek Podhaizer - Barclays Scott Gruber - Citigroup Saurabh Pant - Bank of America Dan Kutz - Morgan Stanley Sean Mitchell - Daniel Energy Partners Operator Good morning, everyone, and welcome to the NexTier Oilfield Solutions Third Quarter 2022 Conference Call. As a reminder, today's call is being recorded.
SHEL's subsidiary, Shell USA, pays $15.85 in cash for each of the common units representing limited partner interests in Shell Midstream not held by Shell USA or its affiliates.