company background image
NEX

NexTier Oilfield Solutions NYSE:NEX Stock Report

Last Price

US$9.82

Market Cap

US$2.4b

7D

7.0%

1Y

106.3%

Updated

29 Jun, 2022

Data

Company Financials +
NEX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health2/6
Dividends0/6

NEX Stock Overview

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

NexTier Oilfield Solutions Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NexTier Oilfield Solutions
Historical stock prices
Current Share PriceUS$9.82
52 Week HighUS$12.50
52 Week LowUS$3.06
Beta2.13
1 Month Change-11.69%
3 Month Change6.28%
1 Year Change106.30%
3 Year Change51.08%
5 Year Change-36.69%
Change since IPO-54.64%

Recent News & Updates

May 01
Broker Revenue Forecasts For NexTier Oilfield Solutions Inc. (NYSE:NEX) Are Surging Higher

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...

Shareholder Returns

NEXUS Energy ServicesUS Market
7D7.0%0.09%1.6%
1Y106.3%14.9%-20.8%

Return vs Industry: NEX exceeded the US Energy Services industry which returned 18.1% over the past year.

Return vs Market: NEX exceeded the US Market which returned -20.4% over the past year.

Price Volatility

Is NEX's price volatile compared to industry and market?
NEX volatility
NEX Average Weekly Movement10.1%
Energy Services Industry Average Movement9.3%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: NEX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: NEX's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19733,340Robert Drummondhttps://nextierofs.com

NexTier Oilfield Solutions Inc., through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates through two segments, Completion Services, and Well Construction and Intervention Services. The Completion Services segment offers hydraulic fracturing services to enhance production of oil and natural gas from formations with low permeability and restricted flow of hydrocarbons; wireline services; and perforating, pumpdown, pipe recovery, pressure pumping, and wellsite make-up and pressure testing services.

NexTier Oilfield Solutions Fundamentals Summary

How do NexTier Oilfield Solutions's earnings and revenue compare to its market cap?
NEX fundamental statistics
Market CapUS$2.40b
Earnings (TTM)-US$56.13m
Revenue (TTM)US$1.83b

1.3x

P/S Ratio

-42.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NEX income statement (TTM)
RevenueUS$1.83b
Cost of RevenueUS$1.56b
Gross ProfitUS$269.18m
Other ExpensesUS$325.31m
Earnings-US$56.13m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 26, 2022

Earnings per share (EPS)-0.23
Gross Margin14.71%
Net Profit Margin-3.07%
Debt/Equity Ratio65.9%

How did NEX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is NEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NEX?

Other financial metrics that can be useful for relative valuation.

NEX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA19.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does NEX's PS Ratio compare to its peers?

NEX PS Ratio vs Peers
The above table shows the PS ratio for NEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.7x
FTI TechnipFMC
0.5x7.1%US$3.2b
WHD Cactus
5.1x14.3%US$3.2b
WFRD Weatherford International
0.4x9.1%US$1.6b
LBRT Liberty Energy
0.9x7.2%US$2.5b
NEX NexTier Oilfield Solutions
1.3x16.5%US$2.4b

Price-To-Sales vs Peers: NEX is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (1.7x).


Price to Earnings Ratio vs Industry

How does NEX's PE Ratio compare vs other companies in the US Energy Services Industry?

Price-To-Sales vs Industry: NEX is expensive based on its Price-To-Sales Ratio (1.3x) compared to the US Energy Services industry average (1.1x)


Price to Sales Ratio vs Fair Ratio

What is NEX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NEX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: NEX is expensive based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).


Share Price vs Fair Value

What is the Fair Price of NEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NEX ($9.82) is trading below our estimate of fair value ($47.61)

Significantly Below Fair Value: NEX is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NEX's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is NexTier Oilfield Solutions forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


64.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NEX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: NEX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NEX is expected to become profitable in the next 3 years.

Revenue vs Market: NEX's revenue (16.5% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: NEX's revenue (16.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NEX's Return on Equity is forecast to be high in 3 years time (35.6%)


Discover growth companies

Past Performance

How has NexTier Oilfield Solutions performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-17.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NEX is currently unprofitable.

Growing Profit Margin: NEX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NEX is unprofitable, and losses have increased over the past 5 years at a rate of 17.9% per year.

Accelerating Growth: Unable to compare NEX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NEX is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-1.8%).


Return on Equity

High ROE: NEX has a negative Return on Equity (-9.92%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is NexTier Oilfield Solutions's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: NEX's short term assets ($590.7M) exceed its short term liabilities ($540.6M).

Long Term Liabilities: NEX's short term assets ($590.7M) exceed its long term liabilities ($426.1M).


Debt to Equity History and Analysis

Debt Level: NEX's net debt to equity ratio (46.4%) is considered high.

Reducing Debt: NEX's debt to equity ratio has increased from 43.8% to 65.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NEX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if NEX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Discover healthy companies

Dividend

What is NexTier Oilfield Solutions's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate NEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NEX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NEX's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NEX has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Robert Drummond (60 yo)

3.83yrs

Tenure

US$7,126,991

Compensation

Mr. Robert Wayne Drummond, Jr. is Director of Expro Group Holdings N.V. from October 01, 2021. He has been the Chief Executive Officer and Director of NexTier Oilfield Solutions Inc. since August 6, 2018....


CEO Compensation Analysis

Compensation vs Market: Robert's total compensation ($USD7.13M) is about average for companies of similar size in the US market ($USD5.49M).

Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NEX's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: NEX's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.2%.


Top Shareholders

Company Information

NexTier Oilfield Solutions Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: NexTier Oilfield Solutions Inc.
  • Ticker: NEX
  • Exchange: NYSE
  • Founded: 1973
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: US$2.396b
  • Shares outstanding: 244.04m
  • Website: https://nextierofs.com

Number of Employees


Location

  • NexTier Oilfield Solutions Inc.
  • 3990 Rogerdale Road
  • Houston
  • Texas
  • 77042
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.