NextDecade Co. (NASDAQ:NEXT - Get Free Report) shares dropped 5.1% on Thursday . The stock traded as low as $8.64 and last traded at $8.60. Approximately 1,045,750 shares changed hands during trading, a decline of 38% from the average daily volume of 1,693,519 shares. The stock had previously closed at $9.07.
NextDecade Price Performance
The stock has a 50-day moving average of $8.02 and a two-hundred day moving average of $6.86. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of -8.42 and a beta of 1.18.
NextDecade (NASDAQ:NEXT - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($1.67). On average, analysts anticipate that NextDecade Co. will post -0.61 EPS for the current year.
Institutional Investors Weigh In On NextDecade
Several institutional investors and hedge funds have recently modified their holdings of the business. Bardin Hill Management Partners LP raised its holdings in NextDecade by 3.9% during the fourth quarter. Bardin Hill Management Partners LP now owns 8,917,873 shares of the company's stock valued at $68,757,000 after buying an additional 334,012 shares in the last quarter. Wolf Hill Capital Management LP lifted its holdings in NextDecade by 330.1% in the 4th quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company's stock worth $62,775,000 after purchasing an additional 6,248,757 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in NextDecade by 97.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 4,623,370 shares of the company's stock worth $21,776,000 after purchasing an additional 2,286,050 shares during the last quarter. Catalyst Capital Advisors LLC grew its holdings in NextDecade by 3.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 3,750,486 shares of the company's stock valued at $28,916,000 after purchasing an additional 123,070 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of NextDecade by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 3,075,331 shares of the company's stock worth $23,717,000 after buying an additional 48,401 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company's stock.
About NextDecade
(
Get Free Report)
NextDecade Corp. is a development company.
Featured Stories
Before you consider NextDecade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NextDecade wasn't on the list.
While NextDecade currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
