Breaking News

Yesterday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Recommendations
NexTier Oilfield price target raised to $7 from $6 at Barclays » 05:47
10/25/21
10/25
05:47
10/25/21
05:47
NEX

NexTier Oilfield

$4.80 /

-0.04 (-0.83%)

Barclays analyst J. David…

Barclays analyst J. David Anderson raised the firm's price target on NexTier Oilfield to $7 from $6 and keeps an Overweight rating on the shares. The "tailwinds" for the U.S. onshore market seem to be strengthening on improved pricing, supported by supply chain and labor pressures, Anderson tells investors in a research note. Most importantly, net pricing is being realized right now and when combined with a 2022 exploration and production spending outlook of up 20%, "it appears we're on the cusp of a breakout," says the analyst.

ShowHide Related Items >><<
NEX NexTier Oilfield
$4.80 /

-0.04 (-0.83%)

NEX NexTier Oilfield
$4.80 /

-0.04 (-0.83%)

09/13/21 Citi
Citi positive on oilfield services, upgrades Liberty to Buy, RPC to Neutral
09/13/21 Citi
Liberty Oilfield Services upgraded to Buy from Neutral at Citi
05/03/21 Barclays
NexTier Oilfield price target raised to $6 from $4 at Barclays
02/17/21 Citi
NexTier Oilfield price target raised to $4.50 from $4 at Citi
NEX NexTier Oilfield
$4.80 /

-0.04 (-0.83%)

  • 09
    Mar
Over a month ago
Upgrade
Citi positive on oilfield services, upgrades Liberty to Buy, RPC to Neutral » 12:38
09/13/21
09/13
12:38
09/13/21
12:38
LBRT

Liberty Oilfield Services

$10.92 /

+1.08 (+10.98%)

, RES

RPC, Inc.

$4.38 /

+0.5 (+12.89%)

, BKR

Baker Hughes

$24.54 /

+0.665 (+2.79%)

, HAL

Halliburton

$20.41 /

+0.88 (+4.51%)

, SLB

Schlumberger

$28.24 /

+1.46 (+5.45%)

, NEX

NexTier Oilfield

$4.10 /

+0.365 (+9.77%)

, CHX

ChampionX

$23.35 /

+1.125 (+5.06%)

Citi analyst Scott Gruber…

Citi analyst Scott Gruber upgraded Liberty Oilfield Services (LBRT) to Buy from Neutral with a price target of $13, up from $12. The analyst also upgraded RPC, Inc. (RES) to Neutral from Sell with an unchanged price target of $4. Gruber is taking a more positive stance on oilfield services for a trade over the next six months due to exploration and production companies adding rigs and frac pricing gains around year end. The analyst feels exploration and production companies still offer greater value but he sees "solid revision potential" in oilfield services, particularly in completion levered stocks. He raised his 2022 rig count estimate by 1% to 550 on average with a Q2 peak of 570. Baker Hughes (BKR) is Gruber's top large-cap pick on its multiple expansion potential and he raised Halliburton (HAL) above Schlumberger (SLB) on higher estimate revision potential. The analyst moved NexTier Oilfield (NEX) to his top SMID pick on frac pricing leverage and valuation. ChampionX (CHX) remains his top SMID equipment pick.

ShowHide Related Items >><<
SLB Schlumberger
$28.24 /

+1.46 (+5.45%)

NEX NexTier Oilfield
$4.10 /

+0.365 (+9.77%)

LBRT Liberty Oilfield Services
$10.92 /

+1.08 (+10.98%)

HAL Halliburton
$20.41 /

+0.88 (+4.51%)

CHX ChampionX
$23.35 /

+1.125 (+5.06%)

BKR Baker Hughes
$24.54 /

+0.665 (+2.79%)

LBRT Liberty Oilfield Services
$10.92 /

+1.08 (+10.98%)

09/13/21 Citi
Liberty Oilfield Services upgraded to Buy from Neutral at Citi
09/08/21 RBC Capital
Liberty Oilfield Services initiated with a Sector Perform at RBC Capital
08/02/21 Goldman Sachs
Liberty Oilfield Services downgraded to Neutral from Buy at Goldman Sachs
07/15/21 Seaport Global
Liberty Oilfield Services initiated with a Neutral at Seaport Global
RES RPC, Inc.
$4.38 /

+0.5 (+12.89%)

09/13/21 Citi
RPC, Inc. upgraded to Neutral from Sell at Citi
02/17/21 Citi
RPC, Inc. price target raised to $3.50 from $3 at Citi
12/24/20 Piper Sandler
RPC, Inc. price target raised to $3.25 from $3.10 at Piper Sandler
12/15/20 Citi
RPC, Inc. price target raised to $3 from $2.20 at Citi
BKR Baker Hughes
$24.54 /

+0.665 (+2.79%)

09/09/21 Piper Sandler
Baker Hughes price target raised to $36 from $30 at Piper Sandler
09/08/21 RBC Capital
Baker Hughes assumed with an Outperform at RBC Capital
08/17/21
Fly Intel: Top five analyst upgrades
08/17/21 Goldman Sachs
Baker Hughes upgraded to Conviction Buy from Buy at Goldman Sachs
HAL Halliburton
$20.41 /

+0.88 (+4.51%)

09/08/21 RBC Capital
Halliburton assumed with an Outperform at RBC Capital
08/05/21 HSBC
Halliburton upgraded to Hold from Reduce at HSBC
07/21/21
Fly Intel: Top five analyst upgrades
SLB Schlumberger
$28.24 /

+1.46 (+5.45%)

09/08/21 RBC Capital
Schlumberger assumed with an Outperform at RBC Capital
08/04/21 HSBC
Schlumberger upgraded to Hold from Reduce at HSBC
07/19/21 BofA
Halliburton added to U.S. 1 List at BofA in place of Schlumberger
05/13/21 Goldman Sachs
Schlumberger initiated with a Buy at Goldman Sachs
NEX NexTier Oilfield
$4.10 /

+0.365 (+9.77%)

05/03/21 Barclays
NexTier Oilfield price target raised to $6 from $4 at Barclays
02/17/21 Citi
NexTier Oilfield price target raised to $4.50 from $4 at Citi
01/27/21 Evercore ISI
Evercore upgrades NexTier Oilfield to Outperform on tightening market conditions
CHX ChampionX
$23.35 /

+1.125 (+5.06%)

08/12/21 Citi
ChampionX named top SMID pick in NA Oil Services at Citi
07/02/21 Stifel
ChampionX price target raised to $30 from $26 at Stifel
03/03/21 Piper Sandler
ChampionX price target raised to $18 from $12.25 at Piper Sandler
02/26/21 Barclays
ChampionX price target raised to $29 from $23 at Barclays
SLB Schlumberger
$28.24 /

+1.46 (+5.45%)

RES RPC, Inc.
$4.38 /

+0.5 (+12.89%)

NEX NexTier Oilfield
$4.10 /

+0.365 (+9.77%)

LBRT Liberty Oilfield Services
$10.92 /

+1.08 (+10.98%)

HAL Halliburton
$20.41 /

+0.88 (+4.51%)

CHX ChampionX
$23.35 /

+1.125 (+5.06%)

BKR Baker Hughes
$24.54 /

+0.665 (+2.79%)

  • 09
    Mar
  • 09
    Feb
  • 07
    Oct
BKR Baker Hughes
$24.54 /

+0.665 (+2.79%)

HAL Halliburton
$20.41 /

+0.88 (+4.51%)

BKR Baker Hughes
$24.54 /

+0.665 (+2.79%)

SLB Schlumberger
$28.24 /

+1.46 (+5.45%)

HAL Halliburton
$20.41 /

+0.88 (+4.51%)

BKR Baker Hughes
$24.54 /

+0.665 (+2.79%)

Upgrade
Liberty Oilfield Services upgraded to Buy from Neutral at Citi » 12:17
09/13/21
09/13
12:17
09/13/21
12:17
LBRT

Liberty Oilfield Services

$10.67 /

+0.83 (+8.43%)

, NEX

NexTier Oilfield

$4.06 /

+0.32 (+8.57%)

Citi analyst Scott Gruber…

Citi analyst Scott Gruber upgraded Liberty Oilfield Services (LBRT) to Buy from Neutral as he is taking a more positive stance toward the oilfield services, or OFS, group, where he sees a trade being likely over the next six months associated with public E&P companies adding rigs and frac pricing gains around year end. He has raised his rig count estimate in 2022 by 1% to 550 on average, with a peak of 570 seen in Q2, Gruber noted. The analyst, who raised his OFS estimates and "lifted his estimates the most for the pure play frac companies," notes that his own view is now 12% above consensus on the frac companies and calls NexTier Oilfield (NEX) his current top small-to-mid cap pick in the space.

ShowHide Related Items >><<
NEX NexTier Oilfield
$4.06 /

+0.32 (+8.57%)

LBRT Liberty Oilfield Services
$10.67 /

+0.83 (+8.43%)

LBRT Liberty Oilfield Services
$10.67 /

+0.83 (+8.43%)

09/08/21 RBC Capital
Liberty Oilfield Services initiated with a Sector Perform at RBC Capital
08/02/21 Goldman Sachs
Liberty Oilfield Services downgraded to Neutral from Buy at Goldman Sachs
07/15/21 Seaport Global
Liberty Oilfield Services initiated with a Neutral at Seaport Global
06/21/21 BofA
Liberty Oilfield Services upgraded to Neutral from Underperform at BofA
NEX NexTier Oilfield
$4.06 /

+0.32 (+8.57%)

05/03/21 Barclays
NexTier Oilfield price target raised to $6 from $4 at Barclays
02/17/21 Citi
NexTier Oilfield price target raised to $4.50 from $4 at Citi
01/27/21 Evercore ISI
Evercore upgrades NexTier Oilfield to Outperform on tightening market conditions
01/27/21 Evercore ISI
NexTier Oilfield upgraded to Outperform from In Line at Evercore ISI
NEX NexTier Oilfield
$4.06 /

+0.32 (+8.57%)

LBRT Liberty Oilfield Services
$10.67 /

+0.83 (+8.43%)

  • 09
    Mar
  • 09
    Feb
  • 07
    Oct
Hot Stocks
NexTier Oilfield to acquire Alamo Pressure Pumping for $268M » 16:58
08/04/21
08/04
16:58
08/04/21
16:58
NEX

NexTier Oilfield

$3.57 /

-0.285 (-7.39%)

NexTier Oilfield…

NexTier Oilfield Solutions announced that it has reached an agreement to acquire 100% of the ownership interests of Alamo Pressure Pumping for a transaction valuation of approximately $268M, as further described below. The transaction is expected to be completed by August 31, subject to customary closing conditions and approvals. Alamo, founded in 2017 and headquartered in Midland, Texas, is a leading Permian pressure pumper based on next generation horsepower and active fleets. Acquired assets include 9 hydraulic fracturing fleets comprised of 460,000 horsepower, approximately 92% of which is Tier IV DGB capable. Alamo operates exclusively in the Permian Basin and primarily out of Midland. Alamo achieved $68M of EBITDA in 2020.

ShowHide Related Items >><<
NEX NexTier Oilfield
$3.57 /

-0.285 (-7.39%)

NEX NexTier Oilfield
$3.57 /

-0.285 (-7.39%)

05/03/21 Barclays
NexTier Oilfield price target raised to $6 from $4 at Barclays
02/17/21 Citi
NexTier Oilfield price target raised to $4.50 from $4 at Citi
01/27/21 Evercore ISI
Evercore upgrades NexTier Oilfield to Outperform on tightening market conditions
01/27/21 Evercore ISI
NexTier Oilfield upgraded to Outperform from In Line at Evercore ISI
NEX NexTier Oilfield
$3.57 /

-0.285 (-7.39%)

  • 09
    Mar
Earnings
NexTier Oilfield reports Q2 adjusted EPS (19c), consensus (15c) » 16:34
08/04/21
08/04
16:34
08/04/21
16:34
NEX

NexTier Oilfield

$3.57 /

-0.285 (-7.39%)

Reports Q2 revenue…

Reports Q2 revenue $292.1M, consensus $292.58M.

ShowHide Related Items >><<
NEX NexTier Oilfield
$3.57 /

-0.285 (-7.39%)

NEX NexTier Oilfield
$3.57 /

-0.285 (-7.39%)

05/03/21 Barclays
NexTier Oilfield price target raised to $6 from $4 at Barclays
02/17/21 Citi
NexTier Oilfield price target raised to $4.50 from $4 at Citi
01/27/21 Evercore ISI
Evercore upgrades NexTier Oilfield to Outperform on tightening market conditions
01/27/21 Evercore ISI
NexTier Oilfield upgraded to Outperform from In Line at Evercore ISI
NEX NexTier Oilfield
$3.57 /

-0.285 (-7.39%)

  • 09
    Mar
Over a quarter ago
Hot Stocks
NexTier, Corva announce strategic technology partnership » 10:07
07/26/21
07/26
10:07
07/26/21
10:07
NEX

NexTier Oilfield

$3.85 /

+0.09 (+2.39%)

Corva and NexTier…

Corva and NexTier Oilfield Solutions announced a strategic technology partnership. "Designed to optimize completions, reduce well costs and improve ESG performance by leveraging the combined strengths of their digital oilfield solutions, the partnership provides a single, unified solution to accelerate innovation and optimize every completions operation," the company said. "Real-time data and analytics enable us to manage completions remotely and transition crews out of the red zone, which provides unprecedented power to reduce cost per barrel, minimize risks, and boost efficiencies for our customers," said Robert Drummond, President and CEO of NexTier Oilfield Solutions. "Our NexHub Digital Center had already made great strides in integrating activities and improving data transparency across the full scope of the wellsite. And now, partnering with Corva, we're able to achieve a whole new level of digital optimization." Leveraging Corva's category-leading drilling and completions platforms, the partnership will enable NexTier to integrate new digital products and services, as well as providing Corva with historical data and wellsite expertise. NexTier's software development team is working with Corva to develop the first generation of NexHub apps, which will be available through the Corva App Store.

ShowHide Related Items >><<
NEX NexTier Oilfield
$3.85 /

+0.09 (+2.39%)

NEX NexTier Oilfield
$3.85 /

+0.09 (+2.39%)

05/03/21 Barclays
NexTier Oilfield price target raised to $6 from $4 at Barclays
02/17/21 Citi
NexTier Oilfield price target raised to $4.50 from $4 at Citi
01/27/21 Evercore ISI
Evercore upgrades NexTier Oilfield to Outperform on tightening market conditions
01/27/21 Evercore ISI
NexTier Oilfield upgraded to Outperform from In Line at Evercore ISI
NEX NexTier Oilfield
$3.85 /

+0.09 (+2.39%)

  • 09
    Mar
Hot Stocks
Seneca Resources, NexTier Oilfield collaborate on emissions testing » 07:18
07/12/21
07/12
07:18
07/12/21
07:18
NFG

National Fuel

$52.15 /

+0.04 (+0.08%)

, NEX

NexTier Oilfield

$4.71 /

+0.2 (+4.43%)

Seneca Resources Company,…

Seneca Resources Company, the exploration and production segment of National Fuel Gas Company (NFG), and NexTier Oilfield Solutions (NEX) announced their intent to pioneer an innovative study evaluating the carbon emissions generated by various types of equipment commonly used for hydraulic fracturing of oil and natural gas wells. The results of this study are expected to provide the industry with a comparative insight on the emissions profile of these technologies, including those utilizing Tier 2 diesel and dynamic gas blending engines, Tier 4 diesel and DGB engines, natural gas-powered turbine engines, and electric frac equipment powered by natural gas-fueled reciprocating engines. This carbon emissions assessment is expected to be the most comprehensive testing of real-time well stimulation operations performed within the industry to date, with independent third-party testing to be performed for each of these technologies during Seneca's field operations. The planned emissions testing will follow EPA-recommended procedures, with the equipment and completions solutions to be operated by NexTier.

ShowHide Related Items >><<
NFG National Fuel
$52.15 /

+0.04 (+0.08%)

NEX NexTier Oilfield
$4.71 /

+0.2 (+4.43%)

NFG National Fuel
$52.15 /

+0.04 (+0.08%)

04/27/21 JPMorgan
National Fuel initiated with a Neutral at JPMorgan
03/23/21 Goldman Sachs
National Fuel assumed with a Neutral at Goldman Sachs
09/24/20 Goldman Sachs
National Fuel initiated with a Neutral at Goldman Sachs
08/12/20 BofA
National Fuel initiated with a Buy at BofA
NEX NexTier Oilfield
$4.71 /

+0.2 (+4.43%)

05/03/21 Barclays
NexTier Oilfield price target raised to $6 from $4 at Barclays
02/17/21 Citi
NexTier Oilfield price target raised to $4.50 from $4 at Citi
01/27/21 Evercore ISI
Evercore upgrades NexTier Oilfield to Outperform on tightening market conditions
01/27/21 Evercore ISI
NexTier Oilfield upgraded to Outperform from In Line at Evercore ISI
NFG National Fuel
$52.15 /

+0.04 (+0.08%)

NEX NexTier Oilfield
$4.71 /

+0.2 (+4.43%)

  • 09
    Mar
Hot Stocks
NexTier Oilfield falls -9.6% » 12:00
06/28/21
06/28
12:00
06/28/21
12:00
NEX

NexTier Oilfield

$4.83 /

-0.52 (-9.72%)

NexTier Oilfield is down…

NexTier Oilfield is down -9.6%, or -51c to $4.83.

ShowHide Related Items >><<
NEX NexTier Oilfield
$4.83 /

-0.52 (-9.72%)

NEX NexTier Oilfield
$4.83 /

-0.52 (-9.72%)

05/03/21 Barclays
NexTier Oilfield price target raised to $6 from $4 at Barclays
02/17/21 Citi
NexTier Oilfield price target raised to $4.50 from $4 at Citi
01/27/21 Evercore ISI
Evercore upgrades NexTier Oilfield to Outperform on tightening market conditions
01/27/21 Evercore ISI
NexTier Oilfield upgraded to Outperform from In Line at Evercore ISI
NEX NexTier Oilfield
$4.83 /

-0.52 (-9.72%)

  • 09
    Mar
Syndicate
NexTier Oilfield files automatic common stock offering  16:34
05/13/21
05/13
16:34
05/13/21
16:34
NEX

NexTier Oilfield

$4.25 /

-0.11 (-2.52%)

 
ShowHide Related Items >><<
NEX NexTier Oilfield
$4.25 /

-0.11 (-2.52%)

NEX NexTier Oilfield
$4.25 /

-0.11 (-2.52%)

05/03/21 Barclays
NexTier Oilfield price target raised to $6 from $4 at Barclays
02/17/21 Citi
NexTier Oilfield price target raised to $4.50 from $4 at Citi
01/27/21 Evercore ISI
Evercore upgrades NexTier Oilfield to Outperform on tightening market conditions
01/27/21 Evercore ISI
NexTier Oilfield upgraded to Outperform from In Line at Evercore ISI
NEX NexTier Oilfield
$4.25 /

-0.11 (-2.52%)

  • 09
    Mar
Earnings
NexTier Oilfield expects a sequential revenue growth of at least 25% in the Q2 » 18:30
05/04/21
05/04
18:30
05/04/21
18:30
NEX

NexTier Oilfield

$3.89 /

-0.015 (-0.38%)

For the Q2 NexTier…

For the Q2 NexTier expects to deploy 20 fleets and operate the equivalent of 18 fully utilized fleets. The combination of this increased activity, some net pricing recovery, and the absence of additional abnormal winter weather impacts experienced in the Q1, is expected to drive sequential revenue growth of at least 25% in the Q2. This revenue growth, combined with better fixed cost absorption and some improved calendar utilization, is expected to result in adjusted EBITDA of between $18M-$22M for the Q2. NexTier continues to expect total capital expenditures for the first half of 2021 of approximately $60M, comprised of maintenance capex across product and service lines, including $3M dollars per fleet per year for Frac, as well as strategic investments in additional dual fuel conversions and the continued development of its new Power Solutions business. For the FY21, based on additional momentum with customers expanding activity beyond the Q2, and assuming a similar economic and commodity price environment, the Company currently expects full year 2021 Adjusted EBITDA to total at least $80M. "Despite the weather-related challenges experienced in the Q1, we anticipate exiting the Q2 with an Adjusted EBITDA annual run-rate above $80M in-line with our expectations as the market begins to recover," stated Mr. Drummond. "Based on current visibility, we anticipate the third quarter Adjusted EBITDA run rate further improving to the point that we plan to achieve double digit Adjusted EBITDA margins by the exit of 2021. As expected, 2021 will be a transitional year for the U.S. oilfield services sector, and we believe NexTier is well positioned with positive momentum as we move into 2022."

ShowHide Related Items >><<
NEX NexTier Oilfield
$3.89 /

-0.015 (-0.38%)

NEX NexTier Oilfield
$3.89 /

-0.015 (-0.38%)

05/03/21 Barclays
NexTier Oilfield price target raised to $6 from $4 at Barclays
02/17/21 Citi
NexTier Oilfield price target raised to $4.50 from $4 at Citi
01/27/21 Evercore ISI
Evercore upgrades NexTier Oilfield to Outperform on tightening market conditions
01/27/21 Evercore ISI
NexTier Oilfield upgraded to Outperform from In Line at Evercore ISI
NEX NexTier Oilfield
$3.89 /

-0.015 (-0.38%)

  • 09
    Mar

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.