Nextdecade (NEXT) Receives New Coverage from Analysts at Gabelli

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.

A number of institutional investors have recently made changes to their positions in NEXT. California Public Employees Retirement System bought a new stake in Nextdecade in the 1st quarter worth $896,000. Perella Weinberg Partners Capital Management LP grew its holdings in Nextdecade by 10.6% in the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 1,527,369 shares of the company’s stock worth $8,248,000 after acquiring an additional 146,009 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Nextdecade by 503.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 144,217 shares of the company’s stock worth $796,000 after acquiring an additional 120,323 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Nextdecade by 126.4% in the 1st quarter. Renaissance Technologies LLC now owns 24,900 shares of the company’s stock worth $137,000 after acquiring an additional 13,900 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in Nextdecade in the 4th quarter worth $70,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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 137-mile Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.

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The Fly

Analyst Recommendations for Nextdecade (NASDAQ:NEXT)

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