Nine Energy Service (NINE) Stock Price, News & Analysis

Company Overview

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. The company also provides open hole and cemented completion tool products, such as liner hangers and accessories, fracture isolation packers, frac sleeves, stage one prep tools, casing flotation tools, specialty open hole float equipment, disk subs, composite cement retainers, and centralizers that provide pinpoint frac sleeve system technologies. In addition, it offers wireline services consisting of plug-and-perf completions, which is a multistage well completion technique for cased-hole wells that consists of deploying perforating guns and isolation tools to a specified depth; and coiled tubing services, which perform wellbore intervention operations utilizing a continuous steel pipe that is transported to the wellsite wound on a large spool. The company was formerly known as NSC-Tripoint, Inc. and changed its name to Nine Energy Service, Inc. in October 2011. Nine Energy Service, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $1.21 to $1.29
• 50-Day Range: $0.82 to $1.43
• 52-Week Range: $0.75 to $3.26
• Volume: 555,340 shs
• Average Volume: 653,839 shs
• Market Capitalization: $53.16 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Nine Energy Service Stock Analysis - MarketRank™

Nine Energy Service scored higher than 11% of companies evaluated by MarketBeat, and ranked 263rd out of 266 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Nine Energy Service.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Nine Energy Service are expected to grow in the coming year, from ($1.10) to ($0.70) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nine Energy Service is -1.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nine Energy Service is -1.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.85% of the float of Nine Energy Service has been sold short.

Short Interest Ratio / Days to Cover

Nine Energy Service has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in Nine Energy Service has recently increased by 19.38%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Nine Energy Service does not currently pay a dividend.

Dividend Growth

Nine Energy Service does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.85% of the float of Nine Energy Service has been sold short.

Short Interest Ratio / Days to Cover

Nine Energy Service has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in Nine Energy Service has recently increased by 19.38%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.36

News Sentiment

Nine Energy Service has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Nine Energy Service this week, compared to 3 articles on an average week.

Search Interest

7 people have searched for NINE on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.

MarketBeat Follows

2 people have added Nine Energy Service to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Nine Energy Service insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $60,358.00 in company stock.

Percentage Held by Insiders

Only 6.20% of the stock of Nine Energy Service is held by insiders.

Percentage Held by Institutions

57.61% of the stock of Nine Energy Service is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NINE Stock Analysis - Frequently Asked Questions

How have NINE shares performed this year?

Nine Energy Service's stock was trading at $2.68 on January 1st, 2024. Since then, NINE shares have decreased by 53.4% and is now trading at $1.25.
View the best growth stocks for 2024 here.

How were Nine Energy Service's earnings last quarter?

Nine Energy Service, Inc. (NYSE:NINE) issued its earnings results on Wednesday, November, 3rd. The company reported ($0.51) earnings per share for the quarter, missing analysts' consensus estimates of ($0.49) by $0.02. The firm had revenue of $92.87 million for the quarter, compared to analyst estimates of $98.60 million.

When did Nine Energy Service IPO?

Nine Energy Service (NINE) raised $150 million in an initial public offering on Friday, January 19th 2018. The company issued 7,000,000 shares at $20.00-$23.00 per share. J.P. Morgan, Goldman Sachs, Wells Fargo Securities, BofA Merrill Lynch and Credit Suisse served as the underwriters for the IPO and Raymond James, Simmons & Company International (Energy Specialists of Piper Jaffray), Tudor, Pickering, Holt, HSBC, Scotia Howard Weil and UBS Investment Bank were co-managers.

Who are Nine Energy Service's major shareholders?

Top institutional investors of Nine Energy Service include GSA Capital Partners LLP (0.56%). Insiders that own company stock include Warren Lynn Frazier, David Crombie, Theodore R Moore, Guy Sirkes, S Brett Luz, Ernie L Danner and Darryl Keith Willis.
View institutional ownership trends.

How do I buy shares of Nine Energy Service?

Shares of NINE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nine Energy Service own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nine Energy Service investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Super Micro Computer (SMCI), CrowdStrike (CRWD), Palantir Technologies (PLTR) and Pfizer (PFE).

Company Calendar

• Last Earnings: 11/03/2021
• Today: 11/14/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Oil & gas field services, not elsewhere classified
• Sub-Industry: N/A
• Current Symbol: NYSE:NINE
• CUSIP: N/A
• CIK: 1532286
• Web: nineenergyservice.com
• Phone: (281) 730-5100
• Fax: 281-605-1318
• Employees: 1,157
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($1.20)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-32,210,000.00
• Net Margins: -7.64%
• Pretax Margin: -7.55%
• Return on Equity: N/A
• Return on Assets: -11.22%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.46
• Quick Ratio: 1.59

Sales & Book Value

• Annual Sales: $609.53 million
• Price / Sales: 0.09
• Cash Flow: $1.02 per share
• Price / Cash Flow: 1.23
• Book Value: ($1.36) per share
• Price / Book: -0.92

Miscellaneous

• Outstanding Shares: 42,360,000
• Free Float: 39,737,000
• Market Cap: $52.95 million
• Optionable: Optionable
• Beta: 3.31