Equities Analysts Issue Forecasts for NINE FY2027 Earnings

Nine Energy Service, Inc. (NYSE:NINE - Free Report) - Equities research analysts at Atb Cap Markets issued their FY2027 earnings per share (EPS) estimates for Nine Energy Service in a report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed forecasts that the company will post earnings per share of ($0.40) for the year. The consensus estimate for Nine Energy Service's current full-year earnings is ($1.10) per share.

Nine Energy Service Trading Down 7.3 %

NYSE:NINE traded down $0.09 on Thursday, reaching $1.14. 1,171,928 shares of the stock traded hands, compared to its average volume of 693,201. The company has a market capitalization of $48.29 million, a price-to-earnings ratio of -1.03 and a beta of 3.50. Nine Energy Service has a 12 month low of $0.75 and a 12 month high of $3.26. The company's fifty day simple moving average is $1.23 and its 200 day simple moving average is $1.38.

Institutional Trading of Nine Energy Service

A number of hedge funds have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Nine Energy Service during the 2nd quarter valued at about $31,000. XTX Topco Ltd purchased a new position in shares of Nine Energy Service in the second quarter worth approximately $32,000. Great Valley Advisor Group Inc. bought a new stake in Nine Energy Service during the second quarter valued at approximately $34,000. Finally, Jaffetilchin Investment Partners LLC increased its holdings in Nine Energy Service by 89.8% during the second quarter. Jaffetilchin Investment Partners LLC now owns 113,424 shares of the company's stock valued at $191,000 after buying an additional 53,657 shares during the last quarter. Hedge funds and other institutional investors own 57.61% of the company's stock.

Insider Activity at Nine Energy Service

In other Nine Energy Service news, insider Ann G. Fox sold 60,358 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $1.00, for a total transaction of $60,358.00. Following the transaction, the insider now owns 697,935 shares in the company, valued at approximately $697,935. This represents a 7.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Guy Sirkes sold 35,380 shares of Nine Energy Service stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1.67, for a total transaction of $59,084.60. Following the completion of the sale, the insider now owns 156,966 shares of the company's stock, valued at $262,133.22. This represents a 18.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.20% of the stock is owned by insiders.

Nine Energy Service Company Profile

Nine Energy Service, Inc operates as an onshore completion services provider that targets unconventional oil and gas resource development in North American basins and internationally. It offers cementing services, including blending high-grade cement and water with various solid and liquid additives to create a cement slurry that is pumped between the casing and the wellbore of the well.