With a current price of $2.16, NexTier Oilfield Solutions Inc. [NYSE:NEX] is active in the Oil & Gas Equipment & Services industry, with a 5-day price swing of 24.14%.
For the year, the stock is trading -67.76%, while, as a point of reference, the S&P 500 is trading 0.79% YTD. Other data to note on this name is a price per sales number of 0.25 and a price per cash flow number of 4.36.
The Price is right
Holding a Market Cap of $442.56 million, NexTier Oilfield Solutions Inc. has seen a trading range over the last year of $1.00-$7.14.
For the last five days, NEX is up from its last closing price. The average shares trading hands each day is 1.44M.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for NEX. When we apply the Elder Force Index to NexTier Oilfield Solutions Inc., we are seeing an Elder Force Indicator number of 702409.87.
Recent Performance
In the last quarter, NEX made a profit of 17.46 million.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 1.91 compared to the 50-day moving average of 1.99%. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. NEX currently holds a 9-day RSI of 65.58%, while 100-day RSI stands at 46.25%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. NEX’s 9-day MACD is 0.08 and the company’s 100-day MACD stands at -0.59.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 2.55% by insiders and 95.72% by institutions. Regarding institutional holdings, Feinberg Stephen owns 18.70%, while the second top holder, Price (T.Rowe) Associates Inc, currently owns 9.70%.
Conclusion
Overall, the recommended rating for NEX is Moderate Buy. Currently, the company has 14 analysts watching the stock, and the average quarterly earnings estimate is -0.38. Quarterly revenue estimates are averaging 165.84M with the high estimate reaching 193M and the low at 148.1M.
