NexTier Oilfield Solutions Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 13.33
Dividend & YieldN/A$ (N/A)
Beta 2.11
Market capitalization 2.35B
Operating cash flow 454.39M
ESG Scores unknown

Company description

NexTier Oilfield Solutions Inc., through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates in 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. This segment is also involved in the sand hauling, wellsite storage, and last mile logistics activities. The Well Construction and Intervention Services segment provides cementing services that incorporate custom engineered mixing and blending equipment to ensure precision and accuracy in providing annulus isolation and hydraulic seal, while protecting fresh water zones from its customers' zone of interest; and engineering software and technical guidance for remedial cementing applications, and acidizing to optimize the performance of its customers' wells. It serves integrated and large independent oil and natural gas exploration and production companies in the United States and internationally. NexTier Oilfield Solutions Inc. was founded in 1973 and is headquartered in Houston, Texas.

Sector: Energy - Industry: Oil & Gas Equipment & Services

Financial Ratios
Quick Ratio1
Working Capital-3.32
Return On Equity-0.22
Debt To Equity0.67
Fixed Asset Ratio0.07
Fixed Interest Cover-4.78

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities -17.8M -61.45M 12.16M -38.61M
Total Cashflows From Investing Activities -114.1M -37.84M -163.2M -186.23M
Net Borrowings -9.54M -7.25M 34.2M -28.61M
Total Cash From Financing Activities -16.75M -9.82M 48.29M -161.49M
Change To Operating Activities -92.29M -68.43M 19.89M 103.78M
Issuance Of Stock
Net Income -106.16M -346.88M -119.42M 314.97M
Change In Cash 174.81M 20.98M -165.29M 107.78M
Effect Of Exchange Rate 192k -241k 407k 1.12M
Total Cash From Operating Activities 305.46M 68.89M -50.79M 454.39M
Depreciation 292.15M 302.05M 184.16M 229.26M
Change To Account Receivables 172.57M 183.08M -128.53M -95.48M
Other Cashflows From Financing Activities -1.23M 16.79M 16.79M -14.02M
Change To Netincome 38.45M 39.14M -11.13M -25.46M
Capital Expenditures -207.84M -115.41M -185.46M -220.27M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax -105.15M -345.41M -117.74M 319.53M
Net Income -106.16M -346.88M -119.42M 314.97M
Selling General Administrative 123.68M 144.15M 109.4M 146M
Gross Profit 417.62M 170.01M 175.88M 754.73M
Ebit 1.8M -276.19M -117.69M 379.47M
Operating Income 1.8M -276.19M -117.69M 379.47M
Interest Expense -21.86M -20.65M -24.61M -28.38M
Income Tax Expense 1M 1.47M 1.69M 4.56M
Total Revenue 1.82B 1.2B 1.42B 3.24B
Cost Of Revenue 1.4B 1.03B 1.25B 2.49B
Total Other Income ExpenseNet -106.95M -69.22M -52k -59.94M
Net Income From Continuing Ops -106.16M -346.88M -119.42M 314.97M
Net Income Applicable To Common Shares -106.16M -346.88M -119.42M 314.97M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 778.13M 600.6M 910.56M 937.25M
Total Stockholder Equity 886.77M 557.29M 547.02M 789.92M
Other Current Liabilities 3.94M 398k 31.29M 25.96M
Total Assets 1.66B 1.16B 1.46B 1.73B
Common Stock 2.12M 2.14M 2.42M 2.34M
Other Current Assets 141k 27.37M 1.55M
Retained Earnings -73.33M -421.74M -541.16M -226.19M
Treasury Stock -8.78M -13.11M -8.26M 6.28M
Cash 255.01M 275.99M 110.69M 218.48M
Total Current Liabilities 386.19M 220.16M 471.7M 553.34M
Other Stockholder Equity -8.78M -13.11M -8.26M 6.28M
Property, Plant, and Equipment 773.42M 509M 684.17M 741.89M
Total Current Assets 688.05M 486.78M 507.71M 726.01M
Net Tangible Assets 694.29M 401.91M 289.28M 546.55M
Net Receivables 350.76M 128.91M 301.74M 397.2M
Accounts Payable 115.25M 61.26M 190.96M 202.94M


Insider Transactions

Here are the insider transactions of stock shares related to NexTier Oilfield Solutions Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
BEYER LESLIE ANNStock Award(Grant) at price 0.00 per share.D2023-02-10Director4.81k
ILUYOMADE OLADIPOD2023-01-25Officer6.83k
MCDONALD KEVIN MStock Award(Grant) at price 0.00 per share.D2023-01-06General Counsel102.59k
DRUMMOND ROBERT WAYNE JRStock Award(Grant) at price 0.00 per share.D2023-01-06Chief Executive Officer374.17k
PUCHEU KENNETH HOWARD IIIStock Award(Grant) at price 0.00 per share.D2023-01-06Chief Financial Officer62.36k
MCDONALD KEVIN MD2023-01-04General Counsel77.21k
DRUMMOND ROBERT WAYNE JRD2023-01-04Chief Executive Officer329.94k
PUCHEU KENNETH HOWARD IIID2023-01-04Chief Financial Officer159.19k
MCDONALD KEVIN MD2023-01-03General Counsel50.75k
DRUMMOND ROBERT WAYNE JRD2023-01-03Chief Executive Officer207.6k
GILLARD MATTHEWD2023-01-03Chief Operating Officer89.36k
ILUYOMADE OLADIPOD2023-01-03Officer9.23k
MCDONALD KEVIN MD2023-01-02General Counsel40.54k
MCDONALD KEVIN MD2023-01-02General Counsel40.54k
DRUMMOND ROBERT WAYNE JRD2023-01-02Chief Executive Officer147.88k
DRUMMOND ROBERT WAYNE JRD2023-01-02Chief Executive Officer147.88k
PUCHEU KENNETH HOWARD IIID2023-01-02Chief Financial Officer24.65k
ILUYOMADE OLADIPOD2023-01-02Officer3.7k
STEWART JAMES CARLSale at price 9.93 - 10.33 per share.D2022-11-09Director400k
RIGGS MEL GStock Award(Grant) at price 0.00 per share.D2022-06-15Director13.92k
MURRAY PATRICK MStock Award(Grant) at price 0.00 per share.D2022-06-15Director17.1k
MURRAY PATRICK MStock Award(Grant) at price 0.00 per share.D2022-06-15Director17.17k
BRIGHTMAN STUART MICHAELStock Award(Grant) at price 0.00 per share.D2022-06-15Director13.92k
HALVERSON GARY MStock Award(Grant) at price 0.00 per share.D2022-06-15Director13.92k
ROEMER MICHAELStock Award(Grant) at price 0.00 per share.D2022-06-15Director13.92k
NELSON AMY HStock Award(Grant) at price 0.00 per share.D2022-06-15Director13.92k
STEWART JAMES CARLStock Award(Grant) at price 0.00 per share.D2022-06-15Director13.92k
RODRIGUEZ BERNARDO J. PH.D.Stock Award(Grant) at price 0.00 per share.D2022-06-15Director13.92k
MCDONALD KEVIN MSale at price 12.02 per share.D2022-06-03General Counsel50k
STEWART JAMES CARLSale at price 12.00 per share.D2022-06-03Director57.5k
PUCHEU KENNETH HOWARD IIISale at price 12.02 per share.D2022-06-03Chief Financial Officer40k
MCDONALD KEVIN MSale at price 11.00 - 11.02 per share.D2022-05-26General Counsel50k
PUCHEU KENNETH HOWARD IIISale at price 11.00 - 11.02 per share.D2022-05-26Chief Financial Officer50k
PUCHEU KENNETH HOWARD IIID2022-04-08Chief Financial Officer8.33k
ALAMO FRAC HOLDINGS, LLCSale at price 8.55 - 9.06 per share.D2022-03-15Beneficial Owner of more than 10% of a Class of Security925.66k
MCKIE MICHAEL JOSEPHSale at price 8.55 - 9.06 per share.I2022-03-15Officer925.66k
STEWART JAMES CARLSale at price 9.22 per share.D2022-03-08Director150k
MCDONALD KEVIN MD2022-02-25General Counsel24.6k
DRUMMOND ROBERT WAYNE JRD2022-02-25Chief Executive Officer80.6k
ILUYOMADE OLADIPOD2022-01-25Officer7.04k
MCDONALD KEVIN MStock Award(Grant) at price 0.00 per share.D2022-01-05General Counsel144.04k
MCDONALD KEVIN MStock Award(Grant) at price 0.00 per share.D2022-01-05General Counsel144.04k
DRUMMOND ROBERT WAYNE JRStock Award(Grant) at price 0.00 per share.D2022-01-05Chief Executive Officer524.45k
PUCHEU KENNETH HOWARD IIIStock Award(Grant) at price 0.00 per share.D2022-01-05Chief Financial Officer112.44k
PUCHEU KENNETH HOWARD IIIStock Award(Grant) at price 0.00 per share.D2022-01-05Chief Financial Officer112.44k
RODRIGUEZ BERNARDO J. PH.D.Stock Award(Grant) at price 0.00 per share.D2022-01-05Director14.96k
NGO-BURNS LAMPHUNGD2022-01-04Officer32.72k
MCDONALD KEVIN MD2022-01-04General Counsel120.09k
DRUMMOND ROBERT WAYNE JRD2022-01-04Chief Executive Officer487.81k
PUCHEU KENNETH HOWARD IIID2022-01-04Chief Financial Officer106.23k
NGO-BURNS LAMPHUNGSale at price 4.14 per share.D2021-09-15Officer25k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to NexTier Oilfield Solutions Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on NexTier Oilfield Solutions Inc

Here is the result of two systematic investment strategies applied to NexTier Oilfield Solutions Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on NexTier Oilfield Solutions Inc

The following chart shows the equity curve of the two systematic investment strategies applied to NexTier Oilfield Solutions Inc:

NexTier Oilfield Solutions Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 9.87% on the backtest period.

Performance at glance

Performance

9.87 %

Latent gain

221.35 $

Invested capital

2243.35 $

Annualized return

2.38 %
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Momentum strategy results on NexTier Oilfield Solutions Inc

This is the result of two momentum investment strategies applied to NexTier Oilfield Solutions Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on NexTier Oilfield Solutions Inc

The following chart shows all the entries opened by the momentum investment system on NexTier Oilfield Solutions Inc:

NexTier Oilfield Solutions Inc momentum entries
  • The first momentum investment strategy would give 3.62% of return on NexTier Oilfield Solutions Inc. That represents 181.3$ of latent gain with 5002.9$ of employed capital.
  • The second momentum investment strategy would give -4.87% of return on NexTier Oilfield Solutions Inc. That represents -182.43$ of latent gain with 3749.63$ of employed capital.
Performance at glance (1Q Momentum)

Performance

3.62 %

Latent gain

181.3 $

Invested capital

5002.9 $

Annualized return

14.86 %
Performance at glance (2Q Momentum)

Performance

-4.87 %

Latent gain

-182.43 $

Invested capital

3749.63 $

Annualized return

-1.33 %

Momentum equity curve on NexTier Oilfield Solutions Inc

The following chart shows the equity curve of the two momentum strategies applied to NexTier Oilfield Solutions Inc:

NexTier Oilfield Solutions Inc momentum equity

Note: the dividends potentially given by NexTier Oilfield Solutions Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on NexTier Oilfield Solutions Inc

The following chart shows the employed capital evolution of the two momentum strategies on NexTier Oilfield Solutions Inc since the beginning:

NexTier Oilfield Solutions Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on NexTier Oilfield Solutions Inc

Buy the dip entry openings on NexTier Oilfield Solutions Inc

NexTier Oilfield Solutions Inc

The performance achieved by the robo-advisor on NexTier Oilfield Solutions Inc is 31.8%. That represents 477.58$ of latent gain with 1502.02$ of employed capital. The following chart shows NexTier Oilfield Solutions Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of NexTier Oilfield Solutions Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

31.8 %

Latent gain

477.58 $

Invested capital

1502.02 $

Annualized return

14.86 %

Equity curve of the strategy applied to NexTier Oilfield Solutions Inc

The following chart shows the result of the investment strategy applied to NexTier Oilfield Solutions Inc:

NexTier Oilfield Solutions Inc

Note: the dividends potentially given by NexTier Oilfield Solutions Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on NexTier Oilfield Solutions Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on NexTier Oilfield Solutions Inc:

NexTier Oilfield Solutions Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on NexTier Oilfield Solutions Inc

In this section, I will compare the three previous investment strategies applied to NexTier Oilfield Solutions Inc.

Equity curve comparison on NexTier Oilfield Solutions Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

NexTier Oilfield Solutions Inc investment strategy comparison

Employed capital comparison on NexTier Oilfield Solutions Inc

NexTier Oilfield Solutions Inc investment comparison

Performance comparison on NexTier Oilfield Solutions Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 9.87% 221.35$ 2243.35$ 2.38%
Momentum 1 quarter 3.62% 181.3$ 5002.9$ 0.93%
Momentum 2 quarters -4.87% -182.43$ 3749.63$ -1.33%
Non-directional 31.8% 477.58$ 1502.02$ 14.86%
Annualized return comparison

Automatic investment

2.38 %

Momentum 1Q

-1.33 %

Momentum 2Q

-1.33 %

Non-directional

14.86 %

Correlated stocks

Here are the most positively and negatively correlated stocks with NexTier Oilfield Solutions Inc:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • ARION

  • Note: The algorithm computes the probability of correlation between NexTier Oilfield Solutions Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of NexTier Oilfield Solutions Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name NexTier Oilfield Solutions Inc
    Country United States
    City Houston
    Address 3990 Rogerdale Road
    Phone 713 325 6000
    Website nextierofs.com
    FullTime employees 4302
    Industry Oil & Gas Equipment & Services
    Sector Energy
    Exchange XNYS
    Ticker NEX
    Market www.nyse.com

    NexTier Oilfield Solutions Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown