SG Americas Securities LLC Reduces Stake in NextDecade Corporation by 48.3% in Q4.
June 26, 2023
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NEXTDECADE ($NASDAQ:NEXT): NextDecade Corporation is an energy company focused on the development and commercialization of innovative projects and technologies in the liquefied natural gas (LNG) sector. The company is committed to creating a cleaner, healthier, and more secure energy future by bringing LNG solutions to global markets. This came as a surprise to many investors, as NextDecade Corporation had seen an increase in share price over the course of the last year. The recent decrease in ownership signals that SG Americas Securities LLC may be taking profits from the stock, or be uncertain about the future prospects of NextDecade Co. shares.
With the company facing multiple challenges, such as competition from other LNG companies, investors will be closely monitoring the stock in order to assess the potential profitability of their investment. Nonetheless, many analysts remain optimistic about NextDecade Corporation’s prospects for success, and believe that its dedication to sustainable energy solutions will ensure its long-term growth and success.
Analysis
We at GoodWhale conducted an analysis of NEXTDECADE CORPORATION‘s wellbeing. Our rating of their financial and business aspects designated them as a medium risk investment. Our analysis of their balance sheet and cashflow statement revealed two risk warnings that investors should be aware of. To view the full analysis, register on goodwhale.com today! More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nextdecade Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 0 | -101.21 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nextdecade Corporation. More…
| Operations | Investing | Financing |
| -53.07 | -61.27 | 143.12 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nextdecade Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 327.9 | 61.94 | 1.78 |
Key Ratios Snapshot
Some of the financial key ratios for Nextdecade Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | – |
| FCF Margin | ROE | ROA |
| – | -18.3% | -14.6% |
Peers
The competition between NextDecade Corp and its competitors is fierce. Each company is striving to be the best in the industry and to win market share. The competition is intense, and each company is fighting for every advantage.
– Orca Energy Group Inc ($TSXV:ORC.A)
Orca Energy Group Inc is an American oil and gas exploration and production company headquartered in Houston, Texas. The company was founded in 1989 and is engaged in the exploration, development and production of oil and natural gas properties in the United States. As of December 31, 2020, Orca Energy Group Inc had total assets of $2.1 billion and equity of $1.4 billion. The company’s market cap is $203.47 million and its ROE is 47.19%. Orca Energy Group Inc is a publicly traded company listed on the New York Stock Exchange under the ticker symbol OEG.
– Birchcliff Energy Ltd ($TSX:BIR)
Birchcliff Energy Ltd. is a Calgary-based intermediate oil and gas company with a focus on development of its natural gas and liquids-rich Montney resource in the Peace River area of Alberta. The company’s market cap is 2.84B as of 2022, and its ROE is 20.49%. Birchcliff Energy is engaged in the exploration, development and production of oil and natural gas in western Canada. The company’s principal properties are located in the Peace River Arch region of Alberta, which includes the Montney natural gas and liquids-rich play.
– Trillion Energy Inc ($OTCPK:TRLEF)
Trillion Energy Inc is a Canadian oil and gas company with a focus on exploration, development, and production of natural gas and crude oil in North America. The company has a market cap of 132.39M as of 2022 and a Return on Equity of 14.89%. Trillion Energy’s operations are primarily located in the Montney and Duvernay formations in Alberta and British Columbia. The company also has operations in the United States.
Summary
This signals a potential lack of confidence in the company’s ability to generate profits in the coming year. Analysts recommend investors take caution and review the company’s performance before jumping into any new investments. Further examination of the company’s financials, management team, and market strategy may help potential investors come to a more informed decision.
