Nextdecade (NASDAQ:NEXT) Stock Rating Reaffirmed by Morgan Stanley

Morgan Stanley restated their sell rating on shares of Nextdecade (NASDAQ:NEXT) in a report released on Sunday, AnalystRatings.com reports.

Separately, Zacks Investment Research upgraded Nextdecade from a sell rating to a hold rating in a report on Tuesday, June 23rd.

NEXT opened at $1.94 on Friday. The stock has a fifty day simple moving average of $1.95 and a two-hundred day simple moving average of $3.14. Nextdecade has a 12-month low of $1.12 and a 12-month high of $6.78.

Nextdecade (NASDAQ:NEXT) last issued its quarterly earnings results on Monday, May 18th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.08. On average, equities analysts predict that Nextdecade will post -0.38 earnings per share for the current year.

Several large investors have recently modified their holdings of NEXT. Wells Fargo & Company MN boosted its position in shares of Nextdecade by 219.0% during the first quarter. Wells Fargo & Company MN now owns 24,206 shares of the company’s stock valued at $46,000 after buying an additional 16,619 shares during the last quarter. Barclays PLC boosted its position in shares of Nextdecade by 122.7% during the fourth quarter. Barclays PLC now owns 12,549 shares of the company’s stock valued at $77,000 after buying an additional 6,913 shares during the last quarter. UBS Group AG boosted its position in shares of Nextdecade by 68.6% during the fourth quarter. UBS Group AG now owns 15,779 shares of the company’s stock valued at $97,000 after buying an additional 6,422 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Nextdecade by 27.7% during the fourth quarter. Victory Capital Management Inc. now owns 23,274 shares of the company’s stock valued at $143,000 after buying an additional 5,055 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Nextdecade by 9.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 48,390 shares of the company’s stock valued at $298,000 after buying an additional 4,177 shares during the last quarter. Hedge funds and other institutional investors own 75.11% of the company’s stock.

Nextdecade Company Profile

NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 137-mile Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.

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