Texas (May 22, 2013) Wax Ink has issued a No Investment Interest rating for Nuverra Environmental Solutions, Inc. (NYSE: NES) based on a recent baseline equity review which placed fair value between $8-$11.
The recent close of $3.84 is approximately 22% below the fair value buy target for the stock and approximately 62% below the fair value close target for the stock. The recent close is also 10% below analysts' $4.28 median target for the stock.
The recent close represents a 23% increase in price since the last baseline equity review was conducted in July 2012.
The stock currently has a trailing twelve-month PE Ratio of 13, and a PEG Ratio of 0.5 basis estimated forward earnings growth of 27%.
In the past 52 weeks, share prices have moved between a high of $5.14 and a low of $2.60, placing equilibrium at $3.87.
With the recent close, the stock is trading 34% below the 52 week high, 32% above the 52 week low, and 1% below equilibrium, on an average daily trading volume of 1.87 million shares.
Nuverra Environmental Solutions, Inc. operates as an environmental solutions company focusing on the delivery, collection, treatment, recycling, and disposal of restricted solids, water, waste water, used motor oil, spent antifreeze, waste fluids and hydrocarbons.
All valuations are based on the listed company's most recent SEC annual filing, and all prices are per share.
Wax Ink currently has no investment position in the company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.