NEX Stock - NexTier Oilfield Solutions Inc.
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Financial Statements
| Metric | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Revenue | $3.24B | $1.42B | $1.20B | $1.82B | $2.14B |
| Gross Profit | $525.47M | $-16,044,000 | $-132,044,000 | $125.47M | $217.31M |
| Gross Margin | 16.2% | -1.1% | -11.0% | 6.9% | 10.2% |
| Operating Income | $165.47M | $-105,259,000 | $-331,277,000 | $-289,899,000 | $98.01M |
| Net Income | $314.97M | $-119,423,000 | $-346,883,000 | $-106,157,000 | $59.33M |
| Net Margin | 9.7% | -8.4% | -28.8% | -5.8% | 2.8% |
| EPS | $1.29 | $-0.53 | $-1.62 | $-0.86 | $0.54 |
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. As of December 31, 2021, it had approximately 2.1 million of fracturing hydraulic horsepower, 101 wireline trucks, and 76 pumpdown units. The Well Construction and Intervention Services segment provides cementing services that incorporate custom engineered mixing and blending equipment to ensure precision and accuracy in providing annulus isolation and hydraulic seal, while protecting fresh water zones from its customers' zone of interest; and engineering software and technical guidance for remedial cementing applications, and acidizing to optimize the performance of its customers' wells. This segment also offers coiled tubing services to help customers in accomplishing various goals in their horizontal completion, workover, and well maintenance projects. As of December 31, 2021, it had approximately 17 coiled tubing units and 74 cementing units. The company serves integrated and large independent oil and natural gas exploration and production companies in the United States and internationally. NexTier Oilfield Solutions Inc. was founded in 1973 and is headquartered in Houston, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| June 16th 2023 | Citigroup | Downgrade | Neutral | $9.75← $9.5 |
| April 18th 2023 | BofA Securities | Downgrade | Underperform | $8.5 |
| December 9th 2022 | Raymond James | Initiation | Strong Buy | $19 |
| October 7th 2022 | Piper Sandler | Resumed | Overweight | $12 |
| September 26th 2022 | Morgan Stanley | Downgrade | Equal Weight | $13 |
| July 15th 2022 | BofA Securities | Downgrade | Neutral | $9.5← $12.5 |
Earnings History & Surprises
NEXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q3 2024 | Jul 23, 2024 | — | — | — | — |
Q2 2024 | Apr 23, 2024 | — | — | — | — |
Q1 2024 | Feb 13, 2024 | — | — | — | — |
Q4 2023 | Oct 24, 2023 | $0.50 | $0.49 | -2.0% | ✗ MISS |
Q3 2023 | Jul 25, 2023 | $0.63 | $0.68 | +7.9% | ✓ BEAT |
Q2 2023 | Apr 25, 2023 | $0.65 | $0.66 | +1.5% | ✓ BEAT |
Q1 2023 | Feb 15, 2023 | $0.43 | $0.59 | +37.2% | ✓ BEAT |
Q4 2022 | Oct 25, 2022 | $0.47 | $0.52 | +10.6% | ✓ BEAT |
Q3 2022 | Jul 26, 2022 | $0.35 | $0.39 | +11.4% | ✓ BEAT |
Q2 2022 | Apr 27, 2022 | $0.04 | $0.08 | +111.8% | ✓ BEAT |
Q1 2022 | Feb 21, 2022 | $0.02 | $0.08 | +241.6% | ✓ BEAT |
Q4 2021 | Nov 8, 2021 | $0.11 | $0.11 | 0.0% | = MET |
Q3 2021 | Aug 4, 2021 | $0.16 | $0.19 | +18.8% | ✓ BEAT |
Q2 2021 | May 4, 2021 | $0.32 | $0.23 | -28.1% | ✗ MISS |
Q1 2021 | Feb 15, 2021 | $0.34 | $0.30 | -11.8% | ✗ MISS |
Q4 2020 | Nov 3, 2020 | $0.37 | $0.38 | +2.7% | ✓ BEAT |
Q3 2020 | Aug 3, 2020 | $0.54 | $0.37 | -31.5% | ✗ MISS |
Q2 2020 | May 5, 2020 | $0.18 | $0.09 | -50.0% | ✗ MISS |
Q1 2020 | Mar 10, 2020 | $0.20 | $0.09 | -55.0% | ✗ MISS |
Q4 2019 | Nov 6, 2019 | $0.04 | $0.08 | +98.1% | ✓ BEAT |
Latest News
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