NexTier Oilfield Solutions: Undervalued Gem That Could Provide Significant Returns

Feb. 27, 2023 6:29 PM ETNexTier Oilfield Solutions Inc. (NEX) StockNEX
GrowthInvesting
673 Followers

Summary

  • NEX announced solid annual and quarterly results with increased revenues and income.
  • The stock is at a key support level providing investors with a buying opportunity.
  • The management has provided optimistic revenue guidance and expects to reach pre covid levels soon.
  • I assign a buy rating on NEX.

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NexTier Oilfield Solutions (NEX) provides well-completion and production services in the U.S. across active and demanding basins. Completion and well construction and intervention services comprise its two business divisions. They provide hydraulic fracturing services in the completion services sector to

This article was written by

673 Followers
I am an active investment banker with more than 15 years of experience in the equity markets. I specialize in long term equity investments. My goal is to provide the investors with strategic investment opportunities in the equity and debt market.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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