Overall market sentiment has been high on Nextier Oilfield Solutions Inc (NEX) stock lately. NEX receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With NEX Stock Today?
Nextier Oilfield Solutions Inc (NEX) stock has gained 6.54% while the S&P 500 is lower by -0.84% as of 1:31 PM on Friday, Sep 18. NEX is higher by $0.13 from the previous closing price of $1.91 on volume of 1,409,411 shares. Over the past year the S&P 500 is higher by 11.65% while NEX is lower by -68.03%. NEX lost -$1.30 per share in the over the last 12 months.
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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.
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