NextDecade (NEXT) Stock Price, News & Analysis

Company Overview

NextDecade Corp. is a development company.

Key Stats

• Today's Range: $6.19 to $6.76
• 50-Day Range: $5.11 to $7.60
• 52-Week Range: $4.26 to $8.52
• Volume: 2.54 million shs
• Average Volume: 1.58 million shs
• Market Capitalization: $1.64 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $9.00
• Consensus Rating: Buy

NextDecade Stock Analysis - MarketRank™

NextDecade scored higher than 73% of companies evaluated by MarketBeat, and ranked 112th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

NextDecade has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

NextDecade has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for NextDecade are expected to decrease in the coming year, from ($0.59) to ($1.01) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NextDecade is -5.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of NextDecade is -5.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

NextDecade has a P/B Ratio of 2.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.42% of the outstanding shares of NextDecade have been sold short.

Short Interest Ratio / Days to Cover

NextDecade has a short interest ratio ("days to cover") of 8.2.

Change versus previous month

Short interest in NextDecade has recently decreased by 6.86%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

NextDecade does not currently pay a dividend.

Dividend Growth

NextDecade does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.8 / 5
• Environmental Score: -3.54

Percentage of Shares Shorted

5.42% of the outstanding shares of NextDecade have been sold short.

Short Interest Ratio / Days to Cover

NextDecade has a short interest ratio ("days to cover") of 8.2.

Change versus previous month

Short interest in NextDecade has recently decreased by 6.86%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 1.87

News Sentiment

NextDecade has a news sentiment score of 1.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for NextDecade this week, compared to 2 articles on an average week.

Search Interest

Only 4 people have searched for NEXT on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, NextDecade insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.20% of the stock of NextDecade is held by insiders.

Percentage Held by Institutions

66.74% of the stock of NextDecade is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NEXT Stock Analysis - Frequently Asked Questions

How have NEXT shares performed this year?

NextDecade's stock was trading at $4.77 at the beginning of 2024. Since then, NEXT shares have increased by 35.6% and is now trading at $6.47.
View the best growth stocks for 2024 here.

How were NextDecade's earnings last quarter?

NextDecade Co. (NASDAQ:NEXT) posted its quarterly earnings results on Friday, November, 12th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.02.

Who are NextDecade's major shareholders?

Top institutional shareholders of NextDecade include Valinor Management L.P. (5.28%), Hotchkis & Wiley Capital Management LLC (1.78%), Catalyst Capital Advisors LLC (1.41%) and Geode Capital Management LLC (1.16%). Insiders that own company stock include Hgc Next Inv Llc, Bardin Hill Investment Partner and York Capital Management Global.
View institutional ownership trends.

How do I buy shares of NextDecade?

Shares of NEXT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NextDecade own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NextDecade investors own include Advanced Micro Devices (AMD), Tesla (TSLA), Meta Platforms (META), NVIDIA (NVDA), Netflix (NFLX), Exxon Mobil (XOM) and Chevron (CVX).

Company Calendar

• Last Earnings: 11/12/2021
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Gas transmission & distribution
• Sub-Industry: N/A
• Current Symbol: NASDAQ:NEXT
• CUSIP: N/A
• CIK: 1167896
• Web: www.next-decade.com
• Phone: (713) 574-1880
• Fax: N/A
• Employees: 52
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.00
• High Stock Price Target: $9.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: +42.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.12)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-162,260,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -22.67%
• Return on Assets: -5.47%

Debt

• Debt-to-Equity Ratio: 3.17
• Current Ratio: 0.49
• Quick Ratio: 0.49

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.89 per share
• Price / Book: 2.18

Miscellaneous

• Outstanding Shares: 260,291,000
• Free Float: 257,168,000
• Market Cap: $1.64 billion
• Optionable: Optionable
• Beta: 1.29