NexTier Oilfield Solutions Inc.

NexTier Oilfield Solutions Inc.verified

NEX

Price:

$10.61

Market Cap:

$2.42B

NexTier Oilfield Solutions Inc., through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates through two segments, Completion Services, and Well Construction and Intervention Services. The Completion Services segment offers hydraulic fracturing services to enhance production of oil and natural gas from formations with low permeability and restricted flow of hydrocarbons; wireline services; and perforating, pumpdown, pipe recovery, pressure pumping, and wellsite make-up and pressure testing services. As of December 31, 2021, it had approximately 2.1 million of fracturing hydraulic horsepower, 101 wireline trucks, and ...[Read more]

Industry

Oil & Gas Equipment & Services

IPO Date

2017-01-20

Stock Exchange

NYSE

Ticker

NEX

The Current Ratio as of June 2024 (TTM) for NexTier Oilfield Solutions Inc. (NEX) is 1.37

According to NexTier Oilfield Solutions Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.37. This represents a change of 5.57% compared to the average of 1.30 of the last 4 quarters.

NexTier Oilfield Solutions Inc. (NEX) Historical Current Ratio (quarterly & annually)

How has NEX Current Ratio performed in the past?

The mean historical Current Ratio of NexTier Oilfield Solutions Inc. over the last ten years is 1.71. The current 1.37 Current Ratio has changed 7.93% with respect to the historical average. Over the past ten years (40 quarters), NEX's Current Ratio was at its highest in in the June 2020 quarter at 2.48. The Current Ratio was at its lowest in in the March 2016 quarter at 0.

Quarterly (TTM)
Annual

Average

1.71

Median

1.55

Minimum

1.08

Maximum

2.34

NexTier Oilfield Solutions Inc. (NEX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of NexTier Oilfield Solutions Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 24.10%

Maximum Annual Current Ratio = 2.34

Minimum Annual Increase = -51.32%

Minimum Annual Current Ratio = 1.08

Quarterly (TTM)
Annual
YearCurrent RatioChange
20221.3121.90%
20211.08-51.32%
20202.2124.10%
20191.7818.28%
20181.51-3.01%
20171.556.14%
20161.46-37.39%
20152.3410.25%

NexTier Oilfield Solutions Inc. (NEX) Average Current Ratio

How has NEX Current Ratio performed in the past?

The current Current Ratio of NexTier Oilfield Solutions Inc. (NEX) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.53

5-year avg

1.58

10-year avg

1.71

NexTier Oilfield Solutions Inc. (NEX) Current Ratio vs. Peers

How is NEX’s Current Ratio compared to its peers?

NexTier Oilfield Solutions Inc.’s Current Ratio is greater than ProPetro Holding Corp. (1.18), less than Select Energy Services, Inc. (1.94), less than Liberty Energy Inc. (1.48), less than Cactus, Inc. (3.24), less than Magnolia Oil & Gas Corporation (1.71),

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