Jupiter Asset Management Ltd. Acquires Stake in NexTier Oilfield Solutions Inc.

August 18, 2023

Jupiter Asset Administration Ltd. Acquires Stake in NexTier Oilfield Options Inc.

Within the first quarter of this 12 months, Jupiter Asset Administration Ltd. added a brand new stake in NexTier Oilfield Options Inc., as reported of their current submitting with the Securities and Trade Fee (SEC). The agency bought 364,015 shares of NexTier’s inventory, valued at roughly $2,890,000. By the top of this reporting interval, Jupiter Asset Administration owned about 0.16% of NexTier Oilfield Options.

NexTier Oilfield Options, listed on the New York Inventory Trade beneath the ticker image NEX, lately launched its quarterly earnings information on July twenty fifth. The corporate surpassed analysts’ consensus estimates by reporting earnings per share (EPS) of $0.64 for the quarter, beating expectations by $0.03. Moreover, NexTier recorded a internet margin of 17.59% and a return on fairness of 61.01%. Throughout this era, the corporate generated $945.09 million in income in comparison with analysts’ predictions of $948.66 million.

As we sit up for the present fiscal 12 months, trade analysts predict that NexTier Oilfield Options Inc. will publish an EPS of two.16 based mostly on varied components and market circumstances.

It’s noteworthy that buyers can entry our newest analysis report on NexTier Oilfield Options for additional evaluation and insights into the corporate’s efficiency.

This acquisition by Jupiter Asset Administration Ltd. displays their confidence in NexTier Oilfield Options Inc.’s potential throughout the oilfield companies sector—a quickly evolving trade that performs an important position in international vitality manufacturing and exploration.

About Jupiter Asset Administration Ltd.
Jupiter Asset Administration Ltd., based mostly in [location], is an funding administration agency specializing in varied asset lessons equivalent to equities, fastened earnings securities, multi-asset methods, and various investments throughout international markets. With a give attention to delivering long-term worth for shoppers, Jupiter Asset Administration goals to leverage alternatives and navigate altering market dynamics.

About NexTier Oilfield Options Inc.
NexTier Oilfield Options Inc. is a outstanding participant within the oilfield companies trade, offering modern drilling options and effectively completion companies. With a complete portfolio of merchandise and applied sciences, NexTier has established itself as a dependable associate for oil and gasoline firms worldwide. The corporate’s dedication to operational excellence and sustainable practices permits it to ship outcomes effectively whereas prioritizing security and environmental stewardship.

In conclusion, Jupiter Asset Administration Ltd.’s current acquisition of a stake in NexTier Oilfield Options Inc., coupled with NexTier’s constructive quarterly earnings efficiency, signifies potential development prospects for the corporate. As buyers proceed to watch these developments, it will likely be attention-grabbing to investigate the influence of this transaction on each firms transferring ahead.

Disclaimer: This text gives common info solely and shouldn’t be thought of as funding recommendation or a suggestion to purchase or promote securities. Buyers are inspired to conduct their very own analysis earlier than making any funding selections.

NexTier Oilfield Options Inc.


Robust Purchase

Up to date on: 19/08/2023

Value Goal

Present $11.05

Concensus $13.50

Low $12.00

Median $13.50

Excessive $15.00

Present extra

Social Sentiments

We didn’t discover social sentiment information for this inventory

Analyst Rankings

Analyst / agency Score
Morgan Stanley Purchase
Morgan Stanley Purchase
Barclays Purchase

Present extra

Investor Exercise and Hypothesis Surrounding NexTier Oilfield Options Inc.

August 18, 2023: NexTier Oilfield Options Inc. has been making waves within the funding world as a number of hedge funds and institutional buyers have both elevated or decreased their stakes within the firm. The perplexing actions of those buyers have left trade specialists questioning the rationale behind these selections.

One notable investor that has considerably boosted its holdings in NexTier Oilfield Options is Captrust Monetary Advisors. Through the second quarter, Captrust Monetary Advisors noticed match to extend its possession of the corporate’s inventory by a staggering 42.9%. The extra 1,221 shares bought throughout this era added vital worth to their portfolio, with the holdings now estimated at roughly $39,000.

One other instance of an investor capitalizing on NexTier Oilfield Options’ potential is Harbor Funding Advisory LLC. Through the first quarter, they determined to spice up their holdings by a formidable 62.2%. This equated to an acquisition of two,411 shares valued at $50,000, reinforcing their perception within the firm’s future development prospects.

Macquarie Group Ltd., a widely known monetary establishment, additionally joined the fray by growing its holdings in NexTier Oilfield Options by 52.7% in the course of the second quarter. The addition of two,357 shares price $65,000 represented a daring transfer on their half.

In a stunning flip of occasions, ANTIPODES PARTNERS Ltd entered the image by buying a brand new place in NexTier Oilfield Options in the course of the fourth quarter of final 12 months. This buy was valued at roughly $68,000 and showcased their religion within the firm’s potential success.

Lastly, Marks Group Wealth Administration Inc demonstrated confidence in NexTier Oilfield Options by buying a brand new place in the course of the first quarter price about $101,000. These strategic strikes have left many perplexed but in addition intrigued about what lies forward for this oilfield companies supplier.

The market efficiency of NexTier Oilfield Options has not gone unnoticed. As of Friday, August 18, 2023, the corporate’s inventory opened at $10.92. With a debt-to-equity ratio of 0.32, present ratio of 1.37, and fast ratio of 1.26, NexTier Oilfield Options appears to be in a strong monetary place.

By way of the market capitalization, NexTier Oilfield Options at present sits at $2.50 billion with a price-to-earnings (PE) ratio of 4.09 and a worth/earnings to development (PEG) ratio of two.00. These figures point out that the inventory could also be undervalued or supply potential development alternatives for buyers.

its buying and selling historical past over the previous 12 months, NexTier Oilfield Options has skilled volatility with a one-year low of $6.66 and a one-year excessive of $11.99. Nonetheless, it is very important notice that previous efficiency just isn’t indicative of future outcomes.

In different information associated to NexTier Oilfield Options, there have been notable insider trades reported lately. Chief Accounting Officer Oladipo Iluyomade bought 2,491 shares on Tuesday, July 18th at a median worth of $11.00 per share, amounting to a complete worth of $27,401.

Moreover, CEO Robert Wayne Drummond Jr., bought 250,000 shares on Wednesday, August 2nd at a median worth of $11.69 per share for a complete transaction worth of $2,922,500.

These insider trades elevate questions amongst buyers concerning the motives behind these executives’ selections to promote their holdings in NexTier Oilfield Options.

A number of brokerages have additionally weighed in on NEX with their evaluation and suggestions for potential buyers. Piper Sandler notably lowered their worth goal from $14.00 to $13.00 in Could this 12 months. Susquehanna additionally lowered their worth goal to $7.00 in a analysis report on June 2nd.

Stifel Nicolaus decreased their goal worth from $18.00 to $16.00 on July twelfth, indicating potential issues concerning the efficiency of NexTier Oilfield Options.

StockNews.com started protection with a “purchase” ranking on the inventory, whereas Citigroup elevated their goal worth from $9.75 to $11.30 and supplied a “impartial” ranking for potential buyers on July 18th.

These various opinions go away buyers perplexed as they attempt to confirm whether or not NexTier Oilfield Options is a sound funding choice.

In conclusion, NexTier Oilfield Options Inc.’s current exercise when it comes to hedge fund and institutional investor actions has left many trade specialists puzzled. Nonetheless, it’s evident that NexTier Oilfield Options retains vital curiosity amongst buyers, regardless of the combined opinions from brokers concerning its future efficiency. As at all times, warning and thorough analysis are suggested earlier than making any funding selections inside this advanced trade.


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