In a report released today, Jason Gabelman from Cowen & Co. downgraded NextDecade Corporation (NASDAQ: NEXT) to Hold. The company’s shares opened today at $5.27.
According to TipRanks.com, Gabelman is a 2-star analyst with an average return of 7.0% and a 66.7% success rate. Gabelman covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Par Pacific Holdings, and Cheniere Energy Inc.
Currently, the analyst consensus on NextDecade Corporation is a Moderate Buy with an average price target of $8.50.
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The company has a one-year high of $10.80 and a one-year low of $3.95. Currently, NextDecade Corporation has an average volume of 42.68K.
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NextDecade Corp. is a development company, which focuses on liquefied natural gas (LNG) export projects and associated pipelines. It develops and manages land-based and floating liquefied natural gas projects in the Gulf Coast with focus on the Rio Grande LNG. The company was founded in 2010 and is headquartered in The Woodlands, TX.
