FY2027 Earnings Estimate for NINE Issued By Atb Cap Markets

Nine Energy Service, Inc. (NYSE:NINE) – Equities research analysts at Atb Cap Markets issued their FY2027 earnings estimates for Nine Energy Service in a research report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed anticipates 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 2.2 %

NYSE NINE opened at $1.12 on Thursday. The stock has a fifty day simple moving average of $1.22 and a 200-day simple moving average of $1.38. The stock has a market cap of $47.24 million, a PE ratio of -0.93 and a beta of 3.50. Nine Energy Service has a twelve month low of $0.75 and a twelve month high of $3.26.

Insider Buying and Selling at Nine Energy Service

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

Hedge Funds Weigh In On Nine Energy Service

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Nine Energy Service in the 2nd quarter valued at $31,000. XTX Topco Ltd acquired a new position in shares of Nine Energy Service during the second quarter worth $32,000. Great Valley Advisor Group Inc. purchased a new position in Nine Energy Service in the second quarter valued at $34,000. Finally, Jaffetilchin Investment Partners LLC raised its stake in Nine Energy Service by 89.8% in 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 in the last quarter. Hedge funds and other 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.