NextDecadeNASDAQ: NEXT

The average of price targets set by Wall Street analysts indicates a potential upside of 28.5% in NextDecade (NEXT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

NextDecade (NEXT) and Aramco negotiate the terms for a binding agreement. The deal is subject to NextDecade securing a final investment decision for Train 4.

HOUSTON, Texas & DHAHRAN, Saudi Arabia--(BUSINESS WIRE)--Aramco, one of the world's leading integrated energy and chemicals companies, and NextDecade Corporation (NextDecade) (Nasdaq: NEXT) announced today that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas, USA. Under the terms of the HoA, Aramco.

NextDecade (NEXT) signs a 20-year LNG offtake agreement with ADNOC for Train 4 of the Rio Grande LNG project along with the acquisition of a minority stake in Phase 1.

Analysts' price targets for NextDecade (NEXT) suggest a potential 32.6% increase in the stock. Although this metric has not always been reliable, the consensus among analysts in increasing earnings estimates does indicate a positive outlook for the stock.

NextDecade's (NEXT) Rio Grande project, sprawling over 984 acres, is designed to produce lower carbon-intensive LNG for global markets.

An analyst upgraded his take on the liquefied natural gas (LNG) specialist. It's little wonder, as LNG is a hot item worldwide these days.

NextDecade Corp shares fell 23% on Thursday on investor worries over the terms of $18.4 billion financing the U.S. liquefied natural gas developer obtained to go ahead with the long-delayed Phase 1 of Rio Grande LNG export facility.

With its focus on producing lower carbon-intensive LNG and securing long-term contracts, NextDecade (NEXT) is poised to become a key player in the market.