Company Update (NYSE:NES): Nuverra Environmental Solutions Appoints Greg Heinlein as Executive Vice President And Chief Financial Officer

Nuverra Environmental Solutions, Inc. (NYSE:NES) announced today the appointment of Greg Heinlein as Executive Vice President and Chief Financial Officer. Mr. Heinlein joins the Company today and reports directly to Nuverra Chairman and Chief Executive Officer Mark Johnsrud. “Greg is an accomplished public-company CFO with significant operational expertise and will be an excellent addition to the Nuverra team,” said Mr. Johnsrud. “He brings a long and successful track record of building successful teams that drive business results. Greg’s experience and leadership will be invaluable to Nuverra as we continue to execute on our business strat… Read more

Shares of Nuverra Environmental closed last Friday at $5.63 . NEV has a 1-year high of $21.29 and a 1-year low of $4.80. The stock’s 50-day moving average is $7.35 and it’s 200-day moving average is $12.64.

On the ratings front, Nuverra Environmental has been the subject of a number of recent research reports. In a report published on December 22, analyst Gerry Sweeney from Roth Capital maintained a Buy rating on NES, with a price target of $16, which represents a potential upside of 184.2% from where the stock is currently trading. 

One research analyst has rated the stock with a Sell rating, 2 research analysts have assigned a Hold rating and one research analyst has given a a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is 5.63$ which is 130.9% above where the stock closed last Friday.

Nuverra Environmental Solutions Inc formerly, Heckmann Corp provides environmental solutions to customers focused on the development and ongoing production of oil and natural gas from shale formations.

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