Nine Energy Service (NINE) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Nine Energy Service (NYSE: NINE):

  • 9/21/2021 – Nine Energy Service was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nine Energy Service, Inc. provides onshore completion and production services to unconventional oil and gas resource development. The Company’s operating segment consists of Completion Solutions and Production Solutions. Completion Solutions segment provides services integral to the completion of unconventional wells. Production Solutions segment provides production enhancement and well work over services. It also offers auxiliary services including casing jacks with hydraulic power source and oil field equipment hauling. The company operates primarily in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada. Nine Energy Service, Inc. is headquartered in Houston, Texas. “
  • 9/17/2021 – Nine Energy Service was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.00 price target on the stock. According to Zacks, “Nine Energy Service, Inc. provides onshore completion and production services to unconventional oil and gas resource development. The Company’s operating segment consists of Completion Solutions and Production Solutions. Completion Solutions segment provides services integral to the completion of unconventional wells. Production Solutions segment provides production enhancement and well work over services. It also offers auxiliary services including casing jacks with hydraulic power source and oil field equipment hauling. The company operates primarily in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada. Nine Energy Service, Inc. is headquartered in Houston, Texas. “
  • 9/7/2021 – Nine Energy Service was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nine Energy Service, Inc. provides onshore completion and production services to unconventional oil and gas resource development. The Company’s operating segment consists of Completion Solutions and Production Solutions. Completion Solutions segment provides services integral to the completion of unconventional wells. Production Solutions segment provides production enhancement and well work over services. It also offers auxiliary services including casing jacks with hydraulic power source and oil field equipment hauling. The company operates primarily in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada. Nine Energy Service, Inc. is headquartered in Houston, Texas. “
  • 9/2/2021 – Nine Energy Service was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.50 price target on the stock. According to Zacks, “Nine Energy Service, Inc. provides onshore completion and production services to unconventional oil and gas resource development. The Company’s operating segment consists of Completion Solutions and Production Solutions. Completion Solutions segment provides services integral to the completion of unconventional wells. Production Solutions segment provides production enhancement and well work over services. It also offers auxiliary services including casing jacks with hydraulic power source and oil field equipment hauling. The company operates primarily in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada. Nine Energy Service, Inc. is headquartered in Houston, Texas. “
  • 8/31/2021 – Nine Energy Service was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nine Energy Service, Inc. provides onshore completion and production services to unconventional oil and gas resource development. The Company’s operating segment consists of Completion Solutions and Production Solutions. Completion Solutions segment provides services integral to the completion of unconventional wells. Production Solutions segment provides production enhancement and well work over services. It also offers auxiliary services including casing jacks with hydraulic power source and oil field equipment hauling. The company operates primarily in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada. Nine Energy Service, Inc. is headquartered in Houston, Texas. “
  • 8/27/2021 – Nine Energy Service was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.25 price target on the stock. According to Zacks, “Nine Energy Service, Inc. provides onshore completion and production services to unconventional oil and gas resource development. The Company’s operating segment consists of Completion Solutions and Production Solutions. Completion Solutions segment provides services integral to the completion of unconventional wells. Production Solutions segment provides production enhancement and well work over services. It also offers auxiliary services including casing jacks with hydraulic power source and oil field equipment hauling. The company operates primarily in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada. Nine Energy Service, Inc. is headquartered in Houston, Texas. “
  • 8/19/2021 – Nine Energy Service was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.25 price target on the stock. According to Zacks, “Nine Energy Service, Inc. provides onshore completion and production services to unconventional oil and gas resource development. The Company’s operating segment consists of Completion Solutions and Production Solutions. Completion Solutions segment provides services integral to the completion of unconventional wells. Production Solutions segment provides production enhancement and well work over services. It also offers auxiliary services including casing jacks with hydraulic power source and oil field equipment hauling. The company operates primarily in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada. Nine Energy Service, Inc. is headquartered in Houston, Texas. “
  • 8/7/2021 – Nine Energy Service was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.75 price target on the stock. According to Zacks, “Nine Energy Service, Inc. provides onshore completion and production services to unconventional oil and gas resource development. The Company’s operating segment consists of Completion Solutions and Production Solutions. Completion Solutions segment provides services integral to the completion of unconventional wells. Production Solutions segment provides production enhancement and well work over services. It also offers auxiliary services including casing jacks with hydraulic power source and oil field equipment hauling. The company operates primarily in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada. Nine Energy Service, Inc. is headquartered in Houston, Texas. “
  • 8/6/2021 – Nine Energy Service was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nine Energy Service, Inc. provides onshore completion and production services to unconventional oil and gas resource development. The Company’s operating segment consists of Completion Solutions and Production Solutions. Completion Solutions segment provides services integral to the completion of unconventional wells. Production Solutions segment provides production enhancement and well work over services. It also offers auxiliary services including casing jacks with hydraulic power source and oil field equipment hauling. The company operates primarily in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada. Nine Energy Service, Inc. is headquartered in Houston, Texas. “
  • 7/30/2021 – Nine Energy Service was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nine Energy Service, Inc. provides onshore completion and production services to unconventional oil and gas resource development. The Company’s operating segment consists of Completion Solutions and Production Solutions. Completion Solutions segment provides services integral to the completion of unconventional wells. Production Solutions segment provides production enhancement and well work over services. It also offers auxiliary services including casing jacks with hydraulic power source and oil field equipment hauling. The company operates primarily in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada. Nine Energy Service, Inc. is headquartered in Houston, Texas. “
  • 7/29/2021 – Nine Energy Service was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.75 price target on the stock. According to Zacks, “Nine Energy Service, Inc. provides onshore completion and production services to unconventional oil and gas resource development. The Company’s operating segment consists of Completion Solutions and Production Solutions. Completion Solutions segment provides services integral to the completion of unconventional wells. Production Solutions segment provides production enhancement and well work over services. It also offers auxiliary services including casing jacks with hydraulic power source and oil field equipment hauling. The company operates primarily in the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus, Utica and throughout Canada. Nine Energy Service, Inc. is headquartered in Houston, Texas. “

Shares of NYSE:NINE traded down $0.04 on Wednesday, reaching $1.71. 1,414 shares of the company’s stock were exchanged, compared to its average volume of 189,171. The firm has a market capitalization of $53.61 million, a price-to-earnings ratio of -0.59 and a beta of 3.51. Nine Energy Service, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $4.04. The business’s 50-day moving average is $2.22 and its two-hundred day moving average is $2.37. The company has a quick ratio of 1.87, a current ratio of 2.63 and a debt-to-equity ratio of 22.56.

Nine Energy Service (NYSE:NINE) last issued its earnings results on Wednesday, August 4th. The company reported ($0.78) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.70) by ($0.08). The business had revenue of $84.83 million for the quarter, compared to analyst estimates of $82.50 million. Nine Energy Service had a negative return on equity of 605.98% and a negative net margin of 32.95%. Analysts predict that Nine Energy Service, Inc. will post -2.45 earnings per share for the current fiscal year.

In other Nine Energy Service news, insider Guy Sirkes sold 24,231 shares of the stock in a transaction on Wednesday, August 11th. The shares were sold at an average price of $2.11, for a total transaction of $51,127.41. Following the sale, the insider now directly owns 175,478 shares of the company’s stock, valued at $370,258.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in NINE. Acadian Asset Management LLC acquired a new stake in shares of Nine Energy Service in the 1st quarter worth about $44,000. Renaissance Technologies LLC increased its holdings in shares of Nine Energy Service by 12.4% in the 1st quarter. Renaissance Technologies LLC now owns 359,800 shares of the company’s stock worth $828,000 after acquiring an additional 39,700 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Nine Energy Service by 129.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 37,512 shares of the company’s stock worth $86,000 after acquiring an additional 21,138 shares during the period. Occudo Quantitative Strategies LP increased its holdings in shares of Nine Energy Service by 102.4% in the 1st quarter. Occudo Quantitative Strategies LP now owns 33,059 shares of the company’s stock worth $76,000 after acquiring an additional 16,722 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in shares of Nine Energy Service by 243.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 15,461 shares of the company’s stock worth $45,000 after acquiring an additional 10,960 shares during the period. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Nine Energy Service, Inc operates as an oilfield services company, which engages in the provision of completion solutions. It offers cementing services, completion tools, wireline services, and coiled tubing services. The company was founded in 2011 and is headquartered in Houston, TX.

Read More: Cost of Goods Sold (COGS)

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