NextDecade (NASDAQ:NEXT) Share Price Crosses Above 200 Day Moving Average – What’s Next?

NextDecade Corporation (NASDAQ:NEXT)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $6.92 and traded as high as $7.60. NextDecade shares last traded at $7.26, with a volume of 8,580,774 shares changing hands.

More NextDecade News

Here are the key news stories impacting NextDecade this week:

• Positive Sentiment: Rio Grande LNG is reportedly ahead of schedule. NextDecade said it expects first LNG production from Train 1 in the second quarter of 2027, with project progress described as approximately one quarter ahead of schedule. Earlier production would improve the company’s path toward revenue generation and support investor confidence. NextDecade expects first LNG from Train 1 in Q2 2027 and targets Train 6 FID in second half of next year
• Positive Sentiment: Management is targeting additional expansion. NextDecade plans to make a final investment decision on Train 6 in the second half of 2027. The company also outlined a regulatory timeline for later Rio Grande LNG trains, potentially strengthening its long-term growth outlook. NextDecade offers regulatory timeline for latest Rio Grande LNG trains
• Positive Sentiment: Third-quarter results exceeded expectations. NextDecade reported earnings of $0.54 per share versus the consensus estimate of a $0.71 per-share loss, marking a significant swing to profitability and helping drive the positive market reaction. NextDecade Provides Third Quarter 2026 Business Update
• Neutral Sentiment: Options activity indicated increased bullish speculation. Traders purchased 2,936 call options, about 16% above typical volume. This may reflect expectations for further gains, but it does not necessarily represent long-term investment conviction.
• Negative Sentiment: Execution and financing remain important risks. NextDecade still faces the usual construction, regulatory and commissioning risks associated with a large LNG project. Its elevated leverage and weak liquidity metrics also leave the stock sensitive to cost overruns, delays or additional funding requirements.

Analyst Upgrades and Downgrades

Several research firms recently commented on NEXT. Zacks Research upgraded shares of NextDecade from a “hold” rating to a “strong-buy” rating in a research note on Thursday. The Goldman Sachs Group reissued a “neutral” rating on shares of NextDecade in a research report on Friday. Wall Street Zen lowered shares of NextDecade from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 24th. UBS Group reiterated a “neutral” rating on shares of NextDecade in a research report on Friday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NextDecade in a research report on Thursday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NextDecade has a consensus rating of “Moderate Buy” and a consensus target price of $8.10.

NextDecade Price Performance

The stock has a market capitalization of $1.96 billion, a P/E ratio of -18.45 and a beta of 1.53. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 3.70. The firm has a fifty day moving average price of $6.86 and a two-hundred day moving average price of $6.94.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.71) by $1.25. On average, analysts expect that NextDecade Corporation will post -2.10 EPS for the current year.

Hedge Funds Weigh In On NextDecade

Several large investors have recently added to or reduced their stakes in NEXT. BlackRock Inc. bought a new position in shares of NextDecade during the second quarter valued at approximately $179,608,000. Bank of America Corp DE bought a new position in NextDecade in the second quarter worth approximately $14,415,000. Catalyst Capital Advisors LLC raised its stake in NextDecade by 12.4% in the first quarter. Catalyst Capital Advisors LLC now owns 5,216,592 shares of the company’s stock worth $39,959,000 after buying an additional 574,080 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of NextDecade in the 2nd quarter valued at $3,613,000. Finally, Man Group plc bought a new position in shares of NextDecade in the 2nd quarter worth $2,895,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.

About NextDecade

NextDecade Corporation is an energy company focused on developing liquefied natural gas (LNG) infrastructure and related carbon-management solutions. The company’s principal project is Rio Grande LNG, an LNG export facility located near Brownsville, Texas, on the U.S. Gulf Coast.

Rio Grande LNG is designed to receive natural gas, process it into LNG, and export the product by ship to customers in international markets. The project is being developed in multiple phases and is intended to serve energy markets in Europe, Asia and other regions seeking access to U.S.