Nine Energy Service (NYSE:NINE) is set to post its quarterly earnings results before the market opens on Thursday, May 6th. Analysts expect Nine Energy Service to post earnings of ($0.79) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Nine Energy Service (NYSE:NINE) last announced its quarterly earnings data on Sunday, March 7th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.36). The firm had revenue of $61.97 million during the quarter, compared to the consensus estimate of $56.14 million. Nine Energy Service had a negative net margin of 136.82% and a negative return on equity of 65.52%. On average, analysts expect Nine Energy Service to post $-4 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
NYSE NINE opened at $2.01 on Wednesday. The firm’s fifty day moving average price is $2.36 and its two-hundred day moving average price is $2.71. The stock has a market cap of $63.43 million, a PE ratio of -0.10 and a beta of 3.74. Nine Energy Service has a fifty-two week low of $0.99 and a fifty-two week high of $6.59. The company has a debt-to-equity ratio of 6.43, a quick ratio of 3.86 and a current ratio of 5.36.
In other news, insider David Crombie sold 64,569 shares of Nine Energy Service stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $3.30, for a total transaction of $213,077.70. Following the transaction, the insider now owns 204,792 shares in the company, valued at $675,813.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ann G. Fox sold 20,839 shares of Nine Energy Service stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $3.28, for a total transaction of $68,351.92. Following the transaction, the chief executive officer now owns 409,607 shares in the company, valued at approximately $1,343,510.96. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Nine Energy Service Company Profile
Nine Energy Service, Inc operates as an onshore completion services provider that targets unconventional oil and gas resource development across North American basins and internationally. It offers cementing services, which consist of 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.
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