Nextdecade (NEXT) Given a $8.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a $8.00 target price on Nextdecade (NASDAQ:NEXT) in a research report sent to investors on Saturday morning. The brokerage currently has a hold rating on the stock.

NEXT has been the topic of a number of other reports. Zacks Investment Research raised shares of Nextdecade from a sell rating to a hold rating in a report on Wednesday, June 27th. Wells Fargo & Co began coverage on shares of Nextdecade in a report on Tuesday, April 17th. They set a market perform rating on the stock. Cowen set a $9.00 target price on shares of Nextdecade and gave the stock a buy rating in a report on Tuesday, August 7th. Bank of America began coverage on shares of Nextdecade in a report on Tuesday, April 17th. They set a buy rating and a $10.00 target price on the stock. Finally, ValuEngine upgraded shares of Nextdecade from a sell rating to a hold rating in a research report on Saturday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Nextdecade has an average rating of Hold and an average target price of $8.25.

NEXT traded up $0.02 during trading on Friday, reaching $6.35. 6,699 shares of the company’s stock were exchanged, compared to its average volume of 13,112. Nextdecade has a one year low of $3.95 and a one year high of $10.80.

Nextdecade (NASDAQ:NEXT) last posted its earnings results on Thursday, August 9th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.06. equities research analysts forecast that Nextdecade will post -0.42 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in shares of Nextdecade in the 2nd quarter worth approximately $160,000. Wells Fargo & Company MN acquired a new position in shares of Nextdecade in the 4th quarter worth approximately $294,000. Schwab Charles Investment Management Inc. lifted its position in shares of Nextdecade by 44.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 55,799 shares of the company’s stock worth $382,000 after purchasing an additional 17,151 shares during the period. Deprince Race & Zollo Inc. lifted its position in shares of Nextdecade by 33.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 57,000 shares of the company’s stock worth $390,000 after purchasing an additional 14,400 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Nextdecade by 202.0% in the 1st quarter. Millennium Management LLC now owns 163,526 shares of the company’s stock worth $808,000 after purchasing an additional 109,373 shares during the period. Hedge funds and other institutional investors own 87.17% 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 4.5 Bcf/d Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.

Further Reading: Market Capitalization in the Stock Market

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