NextDecade (NEXT – Research Report) received a Buy rating and a $9.00 price target from Stifel Nicolaus analyst Benjamin Nolan yesterday. The company’s shares closed yesterday at $5.53.
According to TipRanks, Nolan is a 5-star analyst with an average return of 16.5% and a 60.59% success rate. Nolan covers the Industrials sector, focusing on stocks such as Canadian National Railway, Eagle Bulk Shipping, and Norfolk Southern.
Currently, the analyst consensus on NextDecade is a Moderate Buy with an average price target of $9.50.
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Based on NextDecade’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $27.35 million. In comparison, last year the company had a GAAP net loss of $11.44 million
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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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