Nextier Oilfield Solutions (NEX) Receives a Buy from Morgan Stanley

Morgan Stanley analyst Connor Lynagh maintained a Buy rating on Nextier Oilfield Solutions (NEXResearch Report) today and set a price target of $4.00. The company’s shares closed last Wednesday at $2.32.

According to TipRanks.com, Lynagh has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -19.7% and a 36.1% success rate. Lynagh covers the Services sector, focusing on stocks such as Independence Contract Drilling, Liberty Oilfield Services, and Oil States International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nextier Oilfield Solutions with a $2.44 average price target.

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The company has a one-year high of $7.21 and a one-year low of $1.00. Currently, Nextier Oilfield Solutions has an average volume of 1.98M.

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NexTier Oilfield Solutions, Inc.is an oilfield service company. It offers completion solutions, hydraulic fracturing, wire line, pump down, coiled tubing, cementing, rig services, special services, and fluids management services. The company was founded in October 13, 2016 and is headquartered in Houston, TX.