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
|Historical stock prices|
|Current Share Price||US$8.73|
|52 Week High||US$12.50|
|52 Week Low||US$3.06|
|1 Month Change||5.95%|
|3 Month Change||-8.59%|
|1 Year Change||129.74%|
|3 Year Change||74.25%|
|5 Year Change||-33.66%|
|Change since IPO||-59.68%|
Recent News & Updates
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...
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...
|NEX||US Energy Services||US Market|
Return vs Industry: NEX exceeded the US Energy Services industry which returned 22.6% over the past year.
Return vs Market: NEX exceeded the US Market which returned -13.5% over the past year.
|NEX Average Weekly Movement||10.7%|
|Energy Services Industry Average Movement||9.5%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.0%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: NEX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: NEX's weekly volatility (11%) has been stable over the past year.
About the Company
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
|NEX fundamental statistics|
Is NEX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NEX income statement (TTM)|
|Cost of Revenue||US$1.94b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.18|
|Net Profit Margin||1.85%|
How did NEX perform over the long term?See historical performance and comparison
Is NEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
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.
|What is NEX's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NEX's PE Ratio compare to its peers?
|NEX PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
PFHC ProFrac Holding
NEX NexTier Oilfield Solutions
Price-To-Earnings vs Peers: NEX is expensive based on its Price-To-Earnings Ratio (48.3x) compared to the peer average (47.5x).
Price to Earnings Ratio vs Industry
How does NEX's PE Ratio compare vs other companies in the US Energy Services Industry?
Price-To-Earnings vs Industry: NEX is expensive based on its Price-To-Earnings Ratio (48.3x) compared to the US Energy Services industry average (34x)
Price to Earnings Ratio vs Fair Ratio
What is NEX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||48.3x|
|Fair PE Ratio||37.4x|
Price-To-Earnings vs Fair Ratio: NEX is expensive based on its Price-To-Earnings Ratio (48.3x) compared to the estimated Fair Price-To-Earnings Ratio (37.4x).
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 ($8.73) is trading below our estimate of fair value ($72.29)
Significantly Below Fair Value: NEX is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is NexTier Oilfield Solutions forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NEX's forecast earnings growth (60.3% per year) is above the savings rate (1.9%).
Earnings vs Market: NEX's earnings (60.3% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: NEX's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NEX's revenue (17.5% per year) is forecast to grow faster than the US market (7.9% per year).
High Growth Revenue: NEX's revenue (17.5% 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 (37.8%)
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How has NexTier Oilfield Solutions performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NEX has a high level of non-cash earnings.
Growing Profit Margin: NEX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NEX has become profitable over the past 5 years, growing earnings by -17.8% per year.
Accelerating Growth: NEX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NEX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (140.2%).
Return on Equity
High ROE: NEX's Return on Equity (6.8%) is considered low.
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How is NexTier Oilfield Solutions's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NEX's short term assets ($726.8M) exceed its short term liabilities ($610.4M).
Long Term Liabilities: NEX's short term assets ($726.8M) exceed its long term liabilities ($399.8M).
Debt to Equity History and Analysis
Debt Level: NEX's net debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: NEX's debt to equity ratio has increased from 45.1% to 57.2% over the past 5 years.
Debt Coverage: NEX's debt is well covered by operating cash flow (28.3%).
Interest Coverage: NEX's interest payments on its debt are not well covered by EBIT (2.8x coverage).
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What is NexTier Oilfield Solutions's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NEX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NEX's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as NEX has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Robert Drummond (61 yo)
Mr. Robert Wayne Drummond, Jr. is Director of Expro Group Holdings N.V. from October 01, 2021. He has been the Chief Executive Officer and Director of NexTier Oilfield Solutions Inc. since August 6, 2018....
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD7.13M) is above average for companies of similar size in the US market ($USD5.40M).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Experienced Management: NEX's management team is considered experienced (2.8 years average tenure).
Experienced Board: NEX's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.2%.
NexTier Oilfield Solutions Inc.'s employee growth, exchange listings and data sources
- Name: NexTier Oilfield Solutions Inc.
- Ticker: NEX
- Exchange: NYSE
- Founded: 1973
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Implied Market Cap: US$2.131b
- Shares outstanding: 244.14m
- Website: https://nextierofs.com
Number of Employees
- NexTier Oilfield Solutions Inc.
- 3990 Rogerdale Road
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/10 00:00|
|End of Day Share Price||2022/08/10 00:00|
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.