NEX Stock Overview

NexTier Oilfield Solutions Inc. offers a profitable alternative to investing directly in oil companies, with strong shareholder returns through buybacks. The company is driving shareholder value through its buyback program, allocating around 50% of all FCF to repurchasing shares. NexTier aims to reach zero net debt by 2023, generating significant FCF and benefiting shareholders through buybacks.

NexTier Oilfield Solutions (NEX) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.39 per share a year ago.

Although the revenue and EPS for NexTier Oilfield Solutions (NEX) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

HOUSTON , June 27, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it will release its second quarter 2023 financial and operating results after market close on Tuesday, July 25, 2023. This release will be followed by a conference call at 10:00 a.m.

Patterson-UTI And NexTier Oilfield Merger: Which Stock's Investors Benefit More?

NexTier Oilfield Solutions (NEX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Patterson-UTI Energy Inc. PTEN, -3.30% said Thursday it has reached an agreement to combine with NexTier Oilfield Solutions Inc . NEX, -1.55% in an all-stock deal with an enterprise value of $5.4 billion.

NexTier Oilfield Solutions and Patterson-UTI Energy are discussing a deal that would create a bigger player in a consolidating industry.

After a few tough years, over which oil prices turned negative, NexTier Oilfield Solutions Inc. ( NEX , Financial) is on the verge of massive profitability.