Gabelli started coverage on shares of Nextdecade (NASDAQ:NEXT) in a research report sent to investors on Monday, The Fly reports. The firm issued a buy rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Nextdecade from a sell rating to a hold rating in a research report on Thursday, March 28th. Wolfe Research raised shares of Nextdecade from an underperform rating to a market perform rating in a report on Friday, April 5th. Finally, Scotiabank initiated coverage on shares of Nextdecade in a report on Friday, February 8th. They issued a sector perform rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $6.90.
Shares of NASDAQ:NEXT opened at $5.50 on Monday. Nextdecade has a 52 week low of $3.15 and a 52 week high of $7.53.
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 137-mile Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.
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