FY2027 Earnings Estimate for NINE Issued By Atb Cap Markets

Nine Energy Service, Inc. (NYSE:NINE) – Stock analysts at Atb Cap Markets issued their FY2027 earnings estimates for shares of Nine Energy Service in a report released on Tuesday, December 10th. Atb Cap Markets analyst W. Syed forecasts that the company will post earnings of ($0.40) per share 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 %

NINE stock opened at $1.14 on Thursday. The firm has a 50-day moving average price of $1.23 and a 200-day moving average price of $1.38. Nine Energy Service has a 12 month low of $0.75 and a 12 month high of $3.26. The stock has a market capitalization of $48.29 million, a P/E ratio of -0.95 and a beta of 3.50.

Insider Buying and Selling

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

Institutional Trading of Nine Energy Service

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jaffetilchin Investment Partners LLC boosted its position in shares of 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. Great Valley Advisor Group Inc. bought a new position in Nine Energy Service during the second quarter valued at $34,000. XTX Topco Ltd purchased a new stake in Nine Energy Service in the second quarter worth $32,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Nine Energy Service in the 2nd quarter valued at about $31,000. Institutional investors own 57.61% of the company’s stock.

About Nine Energy Service

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.