Do Traders Think Nextier Oilfield Solutions Inc (NEX) Can Turn Around Friday?

Friday, January 27, 2023 03:41 PM | InvestorsObserver Analysts

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Do Traders Think Nextier Oilfield Solutions Inc (NEX) Can Turn Around Friday?

The market has been high on Nextier Oilfield Solutions Inc (NEX) stock recently. NEX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Nextier Oilfield Solutions Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NEX!

See Full NEX Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With NEX Stock Today?

Nextier Oilfield Solutions Inc (NEX) stock has fallen -2.19% while the S&P 500 is higher by 0.75% as of 3:38 PM on Friday, Jan 27. NEX is lower by -$0.20 from the previous closing price of $9.13 on volume of 1,575,656 shares. Over the past year the S&P 500 is lower by -5.96% while NEX is higher by 46.63%. NEX earned $0.77 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.58. To screen for more stocks like Nextier Oilfield Solutions Inc click here.

More About Nextier Oilfield Solutions Inc

NexTier Oilfield Solutions Inc is a U.S. land oilfield focused service company. The company has a diverse set of well completion and production services across a variety of active and demanding basins. NexTier operates through two segments viz Completion Services which provides hydraulic fracturing; wireline and pump-down services; and completion support services. While the Well Construction and Intervention Services provides cementing and coiled tubing services. It derives revenue from the Northeast, Central, West Texas, West and International regions. Click Here to get the full Stock Report for Nextier Oilfield Solutions Inc stock.