Morgan Stanley analyst Devin McDermott maintained a Buy rating on NextDecade (NEXT – Research Report) today and set a price target of $10.00. The company’s shares opened today at $6.34.
According to TipRanks, McDermott is a 5-star analyst with an average return of 13.1% and a 60.56% success rate. McDermott covers the Utilities sector, focusing on stocks such as Chevron, Exxon Mobil, and Occidental Petroleum.
Currently, the analyst consensus on NextDecade is a Moderate Buy with an average price target of $9.83.
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NEXT market cap is currently $916.5M and has a P/E ratio of -15.18.
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NextDecade Corp. is a development company, which focuses on liquefied natural gas (LNG) export projects and associated pipelines. It develops and manages land-based and floating liquefied natural gas projects in the Gulf Coast with focus on the Rio Grande LNG. The company was founded by Kathleen Eishbrenner in 2010 and is headquartered in Houston, TX.
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