Zacks Investment Research Downgrades Nuverra Environmental Solutions Inc (NESC) to Sell

Nuverra Environmental Solutions Inc (NASDAQ:NESC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Nuverra Environmental Solutions, Inc. is an environmental solutions company primarily in the United States. The company’s solution consists of: Shale Solutions and Industrial Solutions. It focuses on the delivery, collection, treatment, recycling and disposal of restricted solids, water, waste water, used motor oil, spent antifreeze, waste fluids and hydrocarbons. Nuverra Environmental Solutions, Inc. formerly known as, Heckmann Corporation, is based in Scottsdale, Arizona. “

Shares of Nuverra Environmental Solutions (NASDAQ:NESC) opened at 0.2346 on Tuesday. The firm’s 50-day moving average is $0.21 and its 200 day moving average is $0.25. Nuverra Environmental Solutions has a 52-week low of $0.13 and a 52-week high of $1.92. The company’s market capitalization is $35.10 million.

About Nuverra Environmental Solutions

Nuverra Environmental Solutions, Inc (Nuverra) provides environmental solutions to customers focused on the development and production of oil and natural gas from shale formations. The Company’s environmental solutions include delivery, collection, treatment, recycling, disposal of water, wastewater, waste fluids, hydrocarbons, and restricted solids that are part of the drilling, completion, and production of shale oil and natural gas.

5 Day Chart for NASDAQ:NESC

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