NextDecade Co. (NASDAQ:NEXT – Get Rating)'s stock price was up 4.1% during mid-day trading on Wednesday . The company traded as high as $6.93 and last traded at $6.93. Approximately 2,103 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 624,840 shares. The stock had previously closed at $6.66.
Analysts Set New Price Targets
Separately, Stifel Nicolaus raised NextDecade from a "sell" rating to a "hold" rating and raised their target price for the stock from $4.50 to $6.00 in a research report on Thursday, July 28th.
Get NextDecade alerts:NextDecade Stock Down 2.5 %
The company has a market capitalization of $862.24 million, a PE ratio of -24.81 and a beta of 0.94. The company has a 50-day moving average price of $7.06 and a two-hundred day moving average price of $6.18.
Hedge Funds Weigh In On NextDecade
Hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its position in shares of NextDecade by 1,195.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,732 shares of the company's stock valued at $34,000 after purchasing an additional 7,135 shares in the last quarter. Shay Capital LLC purchased a new position in shares of NextDecade in the fourth quarter valued at $36,000. Arizona State Retirement System purchased a new position in shares of NextDecade in the second quarter valued at $45,000. Thompson Davis & CO. Inc. purchased a new position in shares of NextDecade in the second quarter valued at $62,000. Finally, American International Group Inc. purchased a new position in NextDecade during the second quarter worth about $64,000. 67.05% of the stock is currently owned by hedge funds and other institutional investors.NextDecade Company Profile
(Get Rating)
NextDecade Corp. is a development company.
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