As of September 1, 2023, NexTier Oilfield Solutions Inc. was acquired by Patterson-UTI Energy, Inc. 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.
Research context
Nextier Oilfield Solutions Inc appears in PyInvesting’s US Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
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- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
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5 years, 7 months ago
NexTier Oilfield Solutions Inc is currently in a long term uptrend where the price is trading 20.8% above its 200 day moving average.
From a valuation standpoint, the stock is 91.3% cheaper than other stocks from the Energy sector with a price to sales ratio of 0.7.
NexTier Oilfield Solutions Inc's total revenue sank by 59.3% to $215M since the same quarter in the previous year.
Its net income has increased by 27.4% to $-60M since the same quarter in the previous year.
Finally, its free cash flow fell by 213.5% to $-34M since the same quarter in the previous year.
Based on the above factors, NexTier Oilfield Solutions Inc gets an overall score of 3/5.