| 2019-12-02 07:49:22|
NEX 07:49 12/02 12/02/19
NexTier Oilfield reinstated with an Overweight at JPMorgan
JPMorgan analyst Sean Meakim reinstated coverage of NexTier Oilfield Solutions with an Overweight rating and $9 price target following a period of restriction. The analyst believes the company's "scale and high-efficiency operations" make it a "formidable competitor." From any angle, NexTier Oilfield "looks cheap" within the frac space.