Wall Street analysts predict that Nextdecade Corp (NASDAQ:NEXT) will report ($0.08) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Nextdecade’s earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.04). The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Nextdecade will report full year earnings of ($0.35) per share for the current fiscal year, with EPS estimates ranging from ($0.47) to ($0.27). For the next financial year, analysts forecast that the company will report earnings of ($0.51) per share, with EPS estimates ranging from ($0.94) to ($0.19). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Nextdecade.

A number of research firms recently issued reports on NEXT. Zacks Investment Research downgraded shares of Nextdecade from a “buy” rating to a “hold” rating in a report on Wednesday. Wolfe Research began coverage on shares of Nextdecade in a report on Tuesday, November 13th. They issued an “underperform” rating on the stock. Credit Suisse Group began coverage on shares of Nextdecade in a report on Thursday, October 11th. They issued a “neutral” rating and a $6.00 price objective on the stock. Cowen downgraded shares of Nextdecade from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 26th. Finally, ValuEngine raised shares of Nextdecade from a “sell” rating to a “hold” rating in a report on Friday, September 7th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Nextdecade presently has an average rating of “Hold” and an average price target of $6.90.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEXT. Valinor Management L.P. raised its holdings in Nextdecade by 0.5% in the 3rd quarter. Valinor Management L.P. now owns 19,551,334 shares of the company’s stock valued at $110,465,000 after acquiring an additional 94,021 shares during the period. Verition Fund Management LLC increased its holdings in shares of Nextdecade by 422.8% during the third quarter. Verition Fund Management LLC now owns 135,919 shares of the company’s stock worth $768,000 after purchasing an additional 109,919 shares during the period. York Capital Management Global Advisors LLC increased its holdings in shares of Nextdecade by 1.3% during the third quarter. York Capital Management Global Advisors LLC now owns 58,321,201 shares of the company’s stock worth $293,647,000 after purchasing an additional 722,198 shares during the period. Perella Weinberg Partners Capital Management LP increased its holdings in shares of Nextdecade by 11.5% during the third quarter. Perella Weinberg Partners Capital Management LP now owns 1,381,360 shares of the company’s stock worth $7,805,000 after purchasing an additional 142,463 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Nextdecade by 434.9% during the second quarter. Northern Trust Corp now owns 85,450 shares of the company’s stock worth $585,000 after purchasing an additional 69,474 shares during the period. Institutional investors own 86.40% of the company’s stock.

Shares of NEXT traded up $0.07 on Friday, reaching $5.03. The company’s stock had a trading volume of 78,056 shares, compared to its average volume of 15,660. Nextdecade has a 12-month low of $3.95 and a 12-month high of $10.29.

About Nextdecade

NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 4.5 Bcf/d Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.

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