5 Oil Stocks That Are Too Cheap To Ignore

4. NexTier Oilfield Solutions Inc. (NYSE:NEX)

Share Price as of October 15, 2022: $9.80

Number of Hedge Fund Holders: 30

NexTier Oilfield Solutions Inc. (NYSE:NEX) provides oil companies with well management and well completion services. These include fracturing services, pumpdown, pipe recovery, and pressure pumping. The company is headquartered in Houston, Texas, the United States.

NexTier Oilfield Solutions Inc. (NYSE:NEX) is slated to grow its revenue to $3.2 billion by the end of this year, to mark more than 100% growth. This will also more than triple its operating income to $600 million and let it post an operating margin of 18% (before depreciation and amortization).

NexTier Oilfield Solutions Inc. (NYSE:NEX)’s shares have appreciated by 142% on the stock market this year, and Piper Sandler set a $12 share price target for the company in October 2022 as it stated that there is long term value in the sector. By the end of this year’s second quarter, 30 out of the 895 hedge funds polled by Insider Monkey had invested in the company.

NexTier Oilfield Solutions Inc. (NYSE:NEX)’s largest investor is Stephen Feinberg’s Cerberus Capital Management which owns 27 million shares that are worth $247 million.