Shares of Nextdecade Corp (NASDAQ:NEXT) have been assigned an average recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.67.

A number of equities analysts have weighed in on NEXT shares. Zacks Investment Research upgraded shares of Nextdecade from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research report on Tuesday, August 14th. Stifel Nicolaus set a $8.00 price target on shares of Nextdecade and gave the stock a “hold” rating in a research report on Saturday, August 11th. Bank of America downgraded shares of Nextdecade from a “buy” rating to a “neutral” rating and set a $6.00 target price on the stock. in a report on Friday, September 7th. 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. Finally, ValuEngine raised shares of Nextdecade from a “sell” rating to a “hold” rating in a report on Friday, September 7th.

Several hedge funds have recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. lifted its holdings in shares of Nextdecade by 33.8% in the second quarter. Deprince Race & Zollo Inc. now owns 57,000 shares of the company’s stock worth $390,000 after buying an additional 14,400 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Nextdecade by 44.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 55,799 shares of the company’s stock worth $382,000 after buying an additional 17,151 shares in the last quarter. California Public Employees Retirement System purchased a new position in shares of Nextdecade in the second quarter worth $137,000. Bank of New York Mellon Corp purchased a new position in shares of Nextdecade in the second quarter worth $160,000. Finally, Millennium Management LLC lifted its holdings in shares of Nextdecade by 202.0% in the first quarter. Millennium Management LLC now owns 163,526 shares of the company’s stock worth $808,000 after buying an additional 109,373 shares in the last quarter. 86.32% of the stock is currently owned by hedge funds and other institutional investors.

NEXT opened at $4.31 on Friday. Nextdecade has a 1-year low of $3.95 and a 1-year high of $10.80.

Nextdecade (NASDAQ:NEXT) last posted its quarterly 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. research analysts expect that Nextdecade will post -0.35 EPS for the current fiscal year.

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.

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