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NEXTDECADE CORP (NEXT) RECEIVED CONSENSUS RATING OF “HOLD” FROM BROKERAGES

January 1, 2019 Brandon Baker


Nextdecade Corp (NASDAQ:NEXT) has been given a consensus rating of “Hold” by the eight research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $6.67.

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Several analysts have recently weighed in on NEXT shares. Credit Suisse Group started coverage on Nextdecade in a research report on Thursday, October 11th. They set a “neutral” rating and a $6.00 target price for the company. Bank of America downgraded Nextdecade from a “buy” rating to a “neutral” rating and set a $6.00 target price for the company. in a research report on Friday, September 7th. Zacks Investment Research downgraded Nextdecade from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Wolfe Research started coverage on Nextdecade in a research report on Tuesday, November 13th. They set an “underperform” rating for the company. Finally, ValuEngine upgraded Nextdecade from a “sell” rating to a “hold” rating in a research report on Friday, September 7th.
NASDAQ NEXT traded up $0.51 on Monday, hitting $5.40. 60,400 shares of the stock were exchanged, compared to its average volume of 45,034. Nextdecade has a 52-week low of $3.95 and a 52-week high of $9.03.


Several large investors have recently added to or reduced their stakes in the company. Valinor Management L.P. lifted its position in shares of Nextdecade by 0.5% during the third quarter. Valinor Management L.P. now owns 19,551,334 shares of the company’s stock worth $110,465,000 after purchasing an additional 94,021 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Nextdecade by 422.8% during the third quarter. Verition Fund Management LLC now owns 135,919 shares of the company’s stock worth $768,000 after purchasing an additional 109,919 shares during the last quarter. York Capital Management Global Advisors LLC lifted its position in shares of Nextdecade by 1.3% during the third quarter. York Capital Management Global Advisors LLC now owns 58,321,201 shares of the company’s stock worth $293,647,000 after purchasing an additional 722,198 shares during the last quarter. Perella Weinberg Partners Capital Management LP lifted its position in shares of Nextdecade by 11.5% during the third quarter. Perella Weinberg Partners Capital Management LP now owns 1,381,360 shares of the company’s stock worth $7,805,000 after purchasing an additional 142,463 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Nextdecade by 434.9% in the second quarter. Northern Trust Corp now owns 85,450 shares of the company’s stock valued at $585,000 after acquiring an additional 69,474 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.
Nextdecade Company Profile
NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 4.5 Bcf/d Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.
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