Morgan Stanley has decided to maintain its Overweight rating of NexTier Oilfield (NYSE:NEX) and raise its price target from $8.00 to $11.00.
Shares of NexTier Oilfield are trading down 2.01% over the last 24 hours, at $10.26 per share.
A move to $11.00 would account for a 7.21 increase% shift from the current share price.
About NexTier Oilfield
NexTier Oilfield Solutions Inc is a U.S. land oilfield focused service company. The company has a diverse set of well completion and production services across a variety of active and demanding basins. NexTier operates through two segments viz Completion Services which provides hydraulic fracturing; wireline and pump-down services; and completion support services. While the Well Construction and Intervention Services provides cementing and coiled tubing services. It derives revenue from the Northeast, Central, West Texas, West and International regions.
About Analyst Ratings
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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
