NexTier Announces Second Quarter 2020 Financial and Operational Results
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NexTier Oilfield Services (NEX) PT Raised to $3.50 at Cowen
August 5, 2020 7:24 AM EDTCowen analyst Marc Bianchi raised the price target on NexTier Oilfield Services (NYSE: NEX) to $3.50 (from $3.00) while maintaining a Outperform rating.
The analyst commented, "A 2Q EBITDA beat and implied upside to 3Q consensus drove 430bps of o/p vs the OIH. Our... More
NexTier Oilfield Solutions (NEX) Tops Q2 EPS by 16c
August 3, 2020 4:48 PM EDTNexTier Oilfield Solutions (NYSE: NEX) reported Q2 EPS of ($0.37), $0.16 better than the analyst estimate of ($0.53). Revenue for the quarter came in at $196.2 million versus the consensus estimate of $195.57 million.
Second Quarter 2020 Results and Recent Highlights
Reported revenue of $196.2 million in the second quarter of 2020, compared to $627.6 million in the first quarter of 2020Reported net loss of $112.5 million in the second quarter of 2020, compared to net loss of $71.8 million in the first quarter of 2020Reported SG&A of $38.0 million in the second quarter of 2020, compared to $56.9 million in the first... More