Market Overview

Imperial Capital Lowers Price Target On Nuverra Environmental Solutions For Impending E&P Slowdown


In a report published Friday, Imperial Capital analyst Scott Levine reiterated an In-Line rating on Nuverra Environmental Solutions Inc (NYSE: NES), but lowered the price target from $10.00 to $2.50.

In the report, Imperial Capital noted, “We are maintaining our In-Line rating on NES, and lowering our one-year price target to $2.50 from $10. Our price target is 21% above the recent share price. As a leading provider of environmental solutions to the oil & gas industry, we believe NES is well positioned to benefit from increased E&P spending on environmental services within a number of U.S. shale basins. That said, the company's vulnerability to challenging external factors poses earnings risk, in our view, and valuation appears reasonable, given current debt levels.”

Nuverra Environmental Solutions closed on Thursday at $2.08.

Latest Ratings for NES

Jan 2016DowngradesBuyHold
Nov 2015DowngradesOutperformMarket Perform
Nov 2015MaintainsBuy

View More Analyst Ratings for NES
View the Latest Analyst Ratings

Posted-In: imperial capital Scott LevineAnalyst Color Price Target Analyst Ratings


Related Articles (NES)

View Comments and Join the Discussion!

Latest Ratings

VIACJP MorganReinstates50.0
NUVASVB LeerinkMaintains92.0
SRPTCantor FitzgeraldMaintains211.0
LULUGoldman SachsMaintains219.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Mizuho Upgrades Michael Kors, Suggests Company Had A Strong Holiday Season

Mizuho Turns Positive On Kate Spade, Notes Strong Holiday Conversion