Wall Street brokerages forecast that Nextdecade Corp (NASDAQ:NEXT) will post earnings of ($0.12) per share for the current quarter, Zacks reports. Zero analysts have made estimates for Nextdecade’s earnings. The lowest EPS estimate is ($0.16) and the highest is ($0.06). Nextdecade reported earnings of ($0.10) per share in the same quarter last year, which indicates a negative year over year growth rate of 20%. The firm is scheduled to announce its next quarterly earnings results on Friday, November 8th.

According to Zacks, analysts expect that Nextdecade will report full-year earnings of ($0.41) per share for the current financial year, with EPS estimates ranging from ($0.49) to ($0.36). For the next year, analysts forecast that the firm will report earnings of ($0.39) per share, with EPS estimates ranging from ($0.47) to ($0.25). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Nextdecade.

Nextdecade (NASDAQ:NEXT) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.08.

A number of analysts recently weighed in on NEXT shares. Zacks Investment Research cut shares of Nextdecade from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Morgan Stanley started coverage on shares of Nextdecade in a research report on Friday, September 20th. They set an “underweight” rating and a $5.00 price target for the company. Evercore ISI started coverage on shares of Nextdecade in a research report on Tuesday, September 17th. They set an “outperform” rating and a $11.00 price target for the company. Finally, ValuEngine cut shares of Nextdecade from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Nextdecade currently has an average rating of “Hold” and a consensus price target of $6.88.

Nextdecade stock traded up $0.04 during trading on Thursday, reaching $6.41. 28,300 shares of the company’s stock were exchanged, compared to its average volume of 36,970. The company’s 50-day moving average is $5.76 and its two-hundred day moving average is $5.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.84 and a current ratio of 6.84. Nextdecade has a 52-week low of $3.15 and a 52-week high of $6.75. The firm has a market cap of $674.30 million, a price-to-earnings ratio of -15.63 and a beta of -0.26.

A number of institutional investors have recently made changes to their positions in the stock. River & Mercantile Asset Management LLP purchased a new stake in Nextdecade during the 2nd quarter worth $511,000. Polar Asset Management Partners Inc. purchased a new stake in Nextdecade during the 2nd quarter worth $506,000. Verition Fund Management LLC boosted its position in Nextdecade by 6.4% during the 2nd quarter. Verition Fund Management LLC now owns 135,900 shares of the company’s stock worth $859,000 after purchasing an additional 8,213 shares during the period. BlackRock Inc. boosted its position in Nextdecade by 60.4% in the 2nd quarter. BlackRock Inc. now owns 554,639 shares of the company’s stock valued at $3,505,000 after buying an additional 208,804 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Nextdecade by 5.0% in the 2nd quarter. Northern Trust Corp now owns 86,717 shares of the company’s stock valued at $548,000 after buying an additional 4,147 shares during the last quarter. 85.21% of the stock is owned by hedge funds and other institutional investors.

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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