Dallas, Texas 07/10/2013 (Financialstrend) – The shares of Nuverra Environmental Solutions, Inc. (NYSE:NES) are currently trading at $3.42, up by 1.18%. The 52-week high price of Nuverra Environmental Solutions, Inc. (NYSE:NES) is $5.14 and the 52-week low price was $2.60. With 251.86 million total outstanding shares, the market capitalization of the company stands at $851.29 million. The intraday share trading volume for yesterday was 1.97 million, whereas the average trading volume of D.H. Horton, Inc. (NYSE:DHI) heads up to 1.92 million and the company records a contribution of 24 percent of the total outstanding shares.
Nuverra Environmental Solutions, Inc. is formerly known as Heckmann Corporation. The company provides full-cycle environmental solutions to two distinct end markets with national level customer base through its segments of Industrial Solutions and Shale Solutions. The Company focuses primarily on the treatment, removal, transportation, recycling and disposal of restricted fluids, solids and hydrocarbons for E&P customers.
The company is based on the underlying value of its commodities that can be fairly volatile and it is a fact that Nuverra Environmental Solutions, Inc. (NYSE:NES) currently has a strong momentum. The company also has a heavy spending on infrastructure which is expected to be reduced, as Nuverra Environmental Solutions, Inc. (NYSE:NES) is planning to leverage its assets. The company increased revenue generation during the first quarter by 190 percent and from 2010 to 2012, the revenue increased by 381 percent per year. With shares currently trading at 25 percent lower than they were three months ago, the company plans to improve its operating internal processes, efficiency controls and expand the single source environmental solutions platform to meet the customers’ needs. The company has also recently added new key members to the management team.