NEXT Shares Up on Japanese LNG Deal

By Blake Campbell • Thursday, January 19 09:40 • Permanent Link

NextDecade rose 3.4% during the morning session to $5.38 per share. As reported by Reuters: "Jan 19 ( Reuters ) - NextDecade Corp ( NEXT.O ) said on Thursday it will supply 1 million metric tonnes of liquefied natural gas per annum to Japan's Itochu Corp ( 8001.T ) for 15 years from its Rio Grande LNG export project in Brownsville, Texas." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.

NextDecade Corporation engages in the development activities related to the liquefaction and sale of liquefied natural gas (LNG); and capture and storage of CO2 emissions. The company belongs to the Energy sector, which has an average price to earnings (P/E) ratio of 9.11 and an average price to book (P/B) ratio of 1.45. In contrast, NextDecade has a trailing 12 month P/E ratio of -12.8 and a P/B ratio of 10.1.

NextDecade has moved 114.4% over the last year compared to -12.4% for the S&P 500 -- a difference of 126.8%. NextDecade has a 52 week high of $8.948 and a 52 week low of $2.08. At today's price of $5.38 per share, NextDecade is -37.38% away from its target price of $8.6, and on average, analysts give the stock a rating of hold. 7.0% of the company's shares are linked to short positions, and 83.3% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.