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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nine Energy Service in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NINE shares.
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1 brokerages have issued 1-year target prices for Nine Energy Service's stock. Their NINE share price forecasts range from $18.00 to $18.00. On average, they anticipate the company's share price to reach $18.00 in the next year. This suggests a possible upside of 424.8% from the stock's current price.
View analysts price targets for NINE or view top-rated stocks among Wall Street analysts.

Nine Energy Service's stock was trading at $14.53 at the beginning of 2023. Since then, NINE stock has decreased by 76.4% and is now trading at $3.43.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our NINE earnings forecast.

Nine Energy Service, Inc. (NYSE:NINE) announced its earnings results on Monday, May, 8th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by $0.11. The business earned $163.41 million during the quarter, compared to the consensus estimate of $162.10 million. Nine Energy Service had a net margin of 2.37% and a negative trailing twelve-month return on equity of 71.24%.

37 employees have rated Nine Energy Service Chief Executive Officer Ann Fox on Glassdoor.com. Ann Fox has an approval rating of 95% among the company's employees. This puts Ann Fox in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nine Energy Service investors own include Akorn (AKRXQ), Akers Biosciences (AKER), Akebia Therapeutics (AKBA), Adamis Pharmaceuticals (ADMP), ADMA Biologics (ADMA), Acasti Pharma (ACST), AcelRx Pharmaceuticals (ACRX), Acorda Therapeutics (ACOR), Aurora Cannabis (ACB) and Ambev (ABEV).

(NINE) raised $150 million in an IPO 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.

Nine Energy Service trades on the New York Stock Exchange (NYSE) under the ticker symbol "NINE."

Nine Energy Service's stock is owned by a variety of institutional and retail investors. Top institutional investors include Gendell Jeffrey L (5.29%), Renaissance Technologies LLC (3.10%), Deutsche Bank AG (1.71%), Dimensional Fund Advisors LP (1.56%), BlackRock Inc. (1.07%) and Mackay Shields LLC (1.03%). Insiders that own company stock include Ann G Fox, Darryl Keith Willis, David Crombie, Guy Sirkes, S Brett Luz, Theodore R Moore and Warren Lynn Frazier.
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Shares of NINE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NINE stock can currently be purchased for approximately $3.43.

Nine Energy Service (NYSE:NINE) has a market capitalization of $119.08 million and generates $639.86 million in revenue each year. The company earns $14.39 million in net income (profit) each year or $0.47 on an earnings per share basis.

The company employs 1,212 workers across the globe.

Nine Energy Service's mailing address is 2001 Kirby Drive Suite 200, Houston TX, 77019. The official website for the company is nineenergyservice.com. The company can be reached via phone at (281) 730-5100, via email at investors@nineenergyservice.com, or via fax at 281-605-1318.