Why is NexTier Oilfield Solutions Inc. (NEX) down -61.57% from the day 1 this year?

For the readers interested in the stock health of NexTier Oilfield Solutions Inc. (NEX). It is currently valued at $1.96. When the transactions were called off in the previous session, Stock hit the highs of $1.98, after setting-off with the price of $1.95. Company’s stock value dipped to $1.87 during the trading on the day. When the trading was stopped its value was $1.91.

Recently in News on October 12, 2020, NexTier Announces Timing of Third Quarter 2020 Earnings Release and Conference Call. NexTier Oilfield Solutions Inc. (NYSE: NEX) (“NexTier” or the “Company”) today announced that it will release its third quarter 2020 financial and operating results after market close on Tuesday, November 3, 2020. This release will be followed by a conference call at 7:30 a.m. Central Time (8:30 a.m. Eastern Time) on Wednesday, November 4, 2020. Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Executive Vice President and Chief Financial Officer. You can read further details here


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NexTier Oilfield Solutions Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $7.1400 on 01/06/20, with the lowest value was $1.0000 for the same time period, recorded on 03/27/20.

NexTier Oilfield Solutions Inc. (NEX) full year performance was -61.57%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, NexTier Oilfield Solutions Inc. shares are logging -72.55% during the 52-week period from high price, and 96.00% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.00 and $7.14.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 1332673 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the NexTier Oilfield Solutions Inc. (NEX) recorded performance in the market was -70.75%, having the revenues showcasing -27.68% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 444.00M, as it employees total of 6525 workers.

Specialists analysis on NexTier Oilfield Solutions Inc. (NEX)

During the last month, 0 analysts gave the NexTier Oilfield Solutions Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.4707, with a change in the price was noted -0.9400. In a similar fashion, NexTier Oilfield Solutions Inc. posted a movement of -32.41% for the period of last 100 days, recording 1,509,546 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NEX is recording 0.48 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.47.

Trends and Technical analysis: NexTier Oilfield Solutions Inc. (NEX)

Raw Stochastic average of NexTier Oilfield Solutions Inc. in the period of last 50 days is set at 22.75%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.32%. In the last 20 days, the company’s Stochastic %K was 56.08% and its Stochastic %D was recorded 60.85%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -70.75%. Additionally, trading for the stock in the period of the last six months notably improved by 24.05%, alongside a downfall of -61.57% for the period of the last 12 months. The shares increased approximately by -4.85% in the 7-day charts and went down by -0.51% in the period of the last 30 days. Common stock shares were lifted by -27.68% during last recorded quarter.

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