Shares of Nextdecade Corp (NASDAQ:NEXT) have earned a consensus rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.67.
Several research analysts have commented on the stock. Gabelli assumed coverage on shares of Nextdecade in a report on Monday, May 13th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Nextdecade from a “hold” rating to a “sell” rating in a report on Saturday, April 6th. Wolfe Research raised shares of Nextdecade from an “underperform” rating to a “market perform” rating in a report on Friday, April 5th. Finally, Scotiabank assumed coverage on shares of Nextdecade in a report on Friday, February 8th. They set a “sector perform” rating for the company.
NEXT opened at $5.47 on Thursday. Nextdecade has a 52 week low of $3.15 and a 52 week high of $7.53. The stock has a market cap of $586.19 million, a price-to-earnings ratio of -13.34 and a beta of -0.56.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Nextdecade by 126.4% during the first quarter. Renaissance Technologies LLC now owns 24,900 shares of the company’s stock valued at $137,000 after purchasing an additional 13,900 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Nextdecade by 503.6% in the first quarter. Parametric Portfolio Associates LLC now owns 144,217 shares of the company’s stock worth $796,000 after buying an additional 120,323 shares during the last quarter. California Public Employees Retirement System bought a new stake in shares of Nextdecade in the first quarter worth $896,000. Deprince Race & Zollo Inc. increased its stake in shares of Nextdecade by 11.9% in the first quarter. Deprince Race & Zollo Inc. now owns 56,800 shares of the company’s stock worth $314,000 after buying an additional 6,020 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in shares of Nextdecade in the fourth quarter worth $70,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.
Nextdecade Company Profile
NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 137-mile Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.
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