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NexTier Oilfield Solutions Inc.NYSE:NEX Rapport sur les actions

Capitalisation boursière US$2.4b
Prix de l'action
n/a
US$13.43
n/ddécote intrinsèque
1Y11.3%
7D0.6%
1D
Valeur du portefeuille
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NexTier Oilfield Solutions Inc.

NYSE:NEX Rapport sur les actions

Capitalisation boursière : US$2.4b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

NexTier Oilfield Solutions (NEX) Aperçu de l'action

NexTier Oilfield Solutions Inc., through its subsidiaries, provides well completion and production services in various active and demanding basins. Plus de détails

NEX analyse fondamentale
Score flocon de neige
Évaluation5/6
Croissance future1/6
Performances passées5/6
Santé financière6/6
Dividendes0/6

Récompenses

Se négocie à 68.7% en dessous de notre estimation de sa juste valeur

Les bénéfices ont augmenté de 1354.9% au cours de l'année écoulée

Se négocie à un bon prix par rapport à ses pairs et au secteur

Analyse des risques

Les bénéfices devraient diminuer en moyenne de 19.4% par an au cours des 3 prochaines années

Niveau élevé de bénéfices non monétaires

Ventes d'initiés importantes au cours des 3 derniers mois


NEX Community Fair Values

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NexTier Oilfield Solutions Inc. Concurrents

Historique des prix et performances

Résumé des hausses, des baisses et des variations du cours de l'action pour la période du 1er janvier au 31 décembre 2009 NexTier Oilfield Solutions
Historique des cours de bourse
Prix actuel de l'actionUS$10.61
Plus haut sur 52 semainesUS$11.99
Plus bas sur 52 semainesUS$6.66
Bêta2.14
Variation sur 1 mois-10.69%
Variation sur 3 mois26.31%
Variation sur 1 an11.33%
Variation sur 3 ans329.55%
Variation sur 5 ans-0.56%
Évolution depuis l'introduction en bourse-50.99%

Nouvelles et mises à jour récentes

Seeking Alpha • Aug 26

NexTier Oilfield Solutions: Discounted Valuation And Strong Outlook

Summary NexTier Oilfield Solutions Inc. offers a profitable alternative to investing directly in oil companies, with strong shareholder returns through buybacks. The company is driving shareholder value through its buyback program, allocating around 50% of all FCF to repurchasing shares. NexTier aims to reach zero net debt by 2023, generating significant FCF and benefiting shareholders through buybacks. Read the full article on Seeking Alpha
Seeking Alpha • Aug 17

NexTier Oilfield Solutions: Consider Taking Some Profits After The Rally

Summary NexTier is up quite a bit over the last couple of months. Fracking companies were priced for the worst, which hasn't materialized despite the observable slowdown in U.S. onshore oilfield activity. The valuation gap has now closed a bit and NexTier has also in the meantime announced a merger with Patterson-UTI. Until the merger starts delivering the promised synergies, I don't see any imminent catalysts other than the broader movements in oil and gas prices. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Aug 26

NexTier Oilfield Solutions: Discounted Valuation And Strong Outlook

Summary NexTier Oilfield Solutions Inc. offers a profitable alternative to investing directly in oil companies, with strong shareholder returns through buybacks. The company is driving shareholder value through its buyback program, allocating around 50% of all FCF to repurchasing shares. NexTier aims to reach zero net debt by 2023, generating significant FCF and benefiting shareholders through buybacks. Read the full article on Seeking Alpha
Seeking Alpha • Aug 17

NexTier Oilfield Solutions: Consider Taking Some Profits After The Rally

Summary NexTier is up quite a bit over the last couple of months. Fracking companies were priced for the worst, which hasn't materialized despite the observable slowdown in U.S. onshore oilfield activity. The valuation gap has now closed a bit and NexTier has also in the meantime announced a merger with Patterson-UTI. Until the merger starts delivering the promised synergies, I don't see any imminent catalysts other than the broader movements in oil and gas prices. Read the full article on Seeking Alpha
Seeking Alpha • Jun 15

NexTier And Patterson Merger Creates Oil Service Player With Discount Valuation

Summary NexTier Oilfield Solutions Inc. and Patterson-UTI Energy, Inc. are merging to create the second largest North American oil service company after Halliburton Company. The combination will create a high margin, strong balance sheet oil service company focused on efficiency and value. The pro forma valuation is severely discounted vs. their natural large cap peer comparison. Read the full article on Seeking Alpha
Article d’analyse • Apr 04

Does NexTier Oilfield Solutions (NYSE:NEX) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Article d’analyse • Mar 09

The Trend Of High Returns At NexTier Oilfield Solutions (NYSE:NEX) Has Us Very Interested

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Article d’analyse • Dec 08

Returns on Capital Paint A Bright Future For NexTier Oilfield Solutions (NYSE:NEX)

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Seeking Alpha • Sep 09

NexTier Oilfield: Undervalued And Recently Increased Its EBITDA Guidance

Summary NexTier Oilfield Solutions Inc. is an oilfield service company operating mainly in the United States. I assumed that the company will likely develop and expand relationships with existing and new customers. If NexTier also invests to enlarge driving efficiencies, and new products are offered in the company’s digital platform, existing customers may spend more. NexTier Oilfield Solutions Inc. (NEX) recently reported an impressive increase in its revenue and EBITDA guidance. I don't think that the market is fair with NexTier. Considering future expansion of the business with new products and new clients, I obtained a valuation that is higher than the current stock price. My discounted cash flow ("DCF") model also reported a significant increase in future free cash flow and valuation with successful closure of M&A transactions. Yes, there are risks from an eventual decline in demand and new environmental laws. However, the current price does seem low. NexTier Oilfield NexTier Oilfield Solutions Inc. is an oilfield service company operating mainly in the United States. Going directly to the main point about NexTier, there are two main reasons to assess the company's financial model. First, there is the recent ESG performance, which more and more investors are currently studying. NexTier is using fewer and fewer gallons of diesel, making use of less equivalent cars reduced per year. In this regard, management offers a lot of statistics on the company's website: Company's Website The second reason to assess NexTier relates to the most recent operational update and the company's valuation. In Q2 2022, revenue growth guidance increased from 20% q/q to around 30% q/q. Besides, management also increased its adjusted EBITDA estimate from $130 million to $155 million, and noted 2022 free cash flow of $175 million. Considering the current valuation, I wonder whether the current price is appropriate. NexTier Investor Relations With regards to the current valuation, the chart below motivated my research about NexTier Oilfield. Note that the company is trading at 4x-6x EBITDA with many peers trading at more than 10x, and NexTier's FCF Conversion is among the largest in the peer group. NexTier Investor Relations Expectations Would Imply Extremely Appealing Opportunities In 2022, 2023, And 2024 Investment advisors out there believe that the company's net sales will grow from close to $3 billion in 2022 to more than $4 billion in 2024. The EBITDA margin would also grow from 18% in 2022 to 22% in 2024, and the operating margin would stay at close to 14% in 2024. marketscreener.com With the impressive increase in EBITDA and revenue, estimates include valuations of close to 1.43x in 2024 and 2.22x in 2023. Under these numbers, I would say that the company is quite undervalued. marketscreener.com Let's keep in mind that the FCF would grow from $253 million in 2022 to about $738 million in 2024. Considering these figures, I decided to execute a few DCF models to understand whether NexTier Oilfield could be interesting for seeking alpha investors. marketscreener.com Balance Sheet As of June 30, 2022, cash is equal to $158 million, and the asset/liability ratio exceeds the 1.5x mark. I believe that the company's balance sheet is in good shape. 10-Q Including financial leases and financial debt, I obtained total obligations of $406 million. Considering that estimates include 2024 free cash flow of more than $700 million, I don't think that the debt is worrying at all. 10-Q My Base Case Scenario Would Lead To A Valuation Of $9.8 Per Share. Under my base case scenario, I assumed that the company will likely develop and expand relationships with existing and new customers. As a result, revenue will likely trend north. Besides, in my view, economies of scale could play a major role as the number of customers would increase. The EBITDA margin could increase over time. If NexTier also invests to enlarge driving efficiencies, and new products are offered in the company's digital platform, existing customers may spend more. I also believe that management could have many revenue opportunities through an enlargement of the power solutions offering. The company gave many examples of the new incoming improvements in its corporate documentation. We believe our digital program, continued investment in diesel substitution (such as dual fuel capabilities), and our integrated natural gas treatment and delivery solution are important to achieving emissions reductions initiatives, both for us and our customers, and provide a competitive differentiating factor. Source: 10-K I do think that NexTier Oilfield may suffer from the concentration of clients. In 2020 and 2021, the company reported a few customers responsible for a significant amount of revenue. Under this scenario, I assume that NexTier Oilfield will work with many more clients, which may offer more negotiating power. As a result, in the future, the EBITDA margin may increase. For the year ended December 31, 2021, revenue from one customer individually represented approximately 14% of the Company's consolidated revenue. This customer represented $193.4 million of our consolidated revenue in the Completions Services segment. For the year ended December 31, 2020, two customers individually represented more than 10% and collectively represented 29% of the Company's consolidated revenue. Source: 10-K If we use the estimates given by other investors and conservative sales growth in 2025, 2026, and 2027, I obtained 2027 revenue of $4.101 billion. I also assumed a 2024 EBITDA margin close to 22% and a decline in the margin to 9% in 2027. Finally, I also assumed that the FCF could decline from almost 17% in 2024 to -5% in 2027. Under this case scenario, my model also included a somewhat growing weighted average cost of capital to 13%, which implied a discounted sum of free cash flow close to $1.58 billion.
Article d’analyse • Aug 25

NexTier Oilfield Solutions (NYSE:NEX) Is Looking To Continue Growing Its Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Article d’analyse • Aug 04

We Think That There Are Issues Underlying NexTier Oilfield Solutions' (NYSE:NEX) Earnings

Despite posting some strong earnings, the market for NexTier Oilfield Solutions Inc.'s ( NYSE:NEX ) stock hasn't moved...
Article d’analyse • Jul 28

Does NexTier Oilfield Solutions (NYSE:NEX) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha • Jul 25

NexTier Oilfield Solutions Q2 2022 Earnings Preview

NexTier Oilfield Solutions (NYSE:NEX) is scheduled to announce Q2 earnings results on Tuesday, July 26th, after market close. The consensus EPS Estimate is $0.35 (+284.2% Y/Y) and the consensus Revenue Estimate is $823.38M (+181.8% Y/Y). Over the last 2 years, NEX has beaten EPS estimates 63% of the time and has beaten revenue estimates 50% of the time. Over the last 3 months, EPS estimates have seen 7 upward revisions and 0 downward. Revenue estimates have seen 6 upward revisions and 0 downward.
Article d’analyse • May 01

Broker Revenue Forecasts For NexTier Oilfield Solutions Inc. (NYSE:NEX) Are Surging Higher

NexTier Oilfield Solutions Inc. ( NYSE:NEX ) shareholders will have a reason to smile today, with the analysts making...
Seeking Alpha • Apr 28

NexTier Crushes Q1 2022 Expectations And The Rest Of 2022 As Well

NexTier Reported Big 1Q22 Revenue and EBITDA Beats. The company has more spreads working at higher margins than previously expected. Guidance for 2Q22 and the full year is well above the Street Consensus. Estimates will move meaningfully higher in the wake of the call.
Article d’analyse • Apr 07

Here's Why NexTier Oilfield Solutions (NYSE:NEX) Can Afford Some Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha • Mar 03

NexTier Pre Investor Day Thoughts - Expect Upside To Estimates

NexTier is a leading U.S.-focused completion company with rising per active frac spread metrics. NexTier holds their annual investor today, and we expect positive commentary regarding demand, tightness of supply, and pricing. We expect to see continued upward bias to analyst estimates for 2022 and 2023 in the wake of the presentation.
Seeking Alpha • Jan 04

NexTier Oilfield Solutions: Expect A Slow Pickup

NEX plans to add a Tier 4 dual-fuel frac fleet in Q4 and another in Q1 2022 to enhance efficiency and reduce carbon emission. Inflationary costs will keep margin under pressure in the short term. In the medium term, lower fleet reactivation and efficiency-related costs will boost its operating margin. Negative cash flows and a high debt-to-equity ratio can pullback the upside potential.
Article d’analyse • Dec 02

Is NexTier Oilfield Solutions (NYSE:NEX) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Seeking Alpha • Oct 14

NexTier Oilfield Solutions To Pick Up Slowly After Alamo Acquisition

NEX will increase the deployment of Tier 4 dual-fuel frac fleets to reduce carbon emission. Based on increased activities and added assets from the Alamo acquisition, revenues can increase by 25% in Q3 2021. Pricing is unlikely to increase, which will keep margin under pressure in the short term. Investors need to be wary of negative cash flow from operations and leveraged balance sheet.
Article d’analyse • Aug 08

Rainbows and Unicorns: NexTier Oilfield Solutions Inc. (NYSE:NEX) Analysts Just Became A Lot More Optimistic

NexTier Oilfield Solutions Inc. ( NYSE:NEX ) shareholders will have a reason to smile today, with the analysts making...
Article d’analyse • Aug 05

Is NexTier Oilfield Solutions (NYSE:NEX) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha • Jul 11

NexTier Oilfield Solutions: Low Carbon Footprint To Drive Growth

NEX will increase its completion and fully utilized frac fleet in Q2 2021. It is transitioning to natural gas powered and lower carbon footprint equipment to drive the top line in the medium term. Its negative cash flows and leveraged balance sheet are a concern for the investors. I think the stock has an upside in the short term.
Article d’analyse • Jun 09

Here's Why Shareholders Should Examine NexTier Oilfield Solutions Inc.'s (NYSE:NEX) CEO Compensation Package More Closely

NexTier Oilfield Solutions Inc. ( NYSE:NEX ) has not performed well recently and CEO Robert Drummond will probably need...
Article d’analyse • Mar 08

Would NexTier Oilfield Solutions (NYSE:NEX) Be Better Off With Less Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Rendement pour les actionnaires

NEXUS Energy ServicesUS Marché
7D0.6%-1.2%2.5%
1Y11.3%89.4%26.4%

Rendement vs Industrie: NEX a sous-performé le secteur US Energy Services qui a rapporté 89.4 % au cours de l'année écoulée.

Rendement vs marché: NEX correspond au marché US qui a rapporté 26.4 % au cours de l'année écoulée.

Volatilité des prix

Is NEX's price volatile compared to industry and market?
NEX volatility
NEX Average Weekly Movement6.4%
Energy Services Industry Average Movement6.9%
Market Average Movement7.2%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.1%

Cours de l'action stable: Le cours de l'action de NEX a été volatil au cours des 3 derniers mois par rapport au marché US.

Volatilité au fil du temps: La volatilité hebdomadaire de NEX ( 6% ) est restée stable au cours de l'année écoulée.

À propos de l'entreprise

FondéeSalariésPDGSite web
19734,302Robert Drummondnextierofs.com

NexTier Oilfield Solutions Inc. Résumé des fondamentaux

Comment les bénéfices et les revenus de NexTier Oilfield Solutions se comparent-ils à sa capitalisation boursière ?
NEX statistiques fondamentales
Capitalisation boursièreUS$2.42b
Bénéfices(TTM)US$641.78m
Recettes(TTM)US$3.65b
3.8x
Ratio P/E
0.7x
Ratio P/S

Le site NEX est-il surévalué ?

Voir Juste valeur et analyse de l'évaluation

Bénéfices et recettes

Principales statistiques de rentabilité tirées du dernier rapport sur les bénéfices (TTM)
NEX compte de résultat (TTM)
RecettesUS$3.65b
Coût des recettesUS$2.67b
Marge bruteUS$981.81m
Autres dépensesUS$340.04m
Les revenusUS$641.78m

Derniers bénéfices déclarés

Jun 30, 2023

Prochaine date de publication des résultats

s/o

Résultat par action (EPS)2.81
Marge brute26.92%
Marge bénéficiaire nette17.59%
Ratio dettes/capitaux propres31.4%

Quelles ont été les performances à long terme de NEX?

Voir les performances historiques et les comparaisons

Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2023/09/02 00:21
Cours de l'action en fin de journée2023/08/31 00:00
Les revenus2023/06/30
Revenus annuels2022/12/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

NexTier Oilfield Solutions Inc. est couverte par 21 analystes. 9 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

AnalysteInstitution
Derek PodhaizerBarclays
Daniel BoydBMO Capital Markets Equity Research
Chase MulvehillBofA Global Research