Q3 EPS Forecast for Nine Energy Service Decreased by Analyst

Nine Energy Service, Inc. (NYSEAMERICAN:NINE) – Analysts at Sidoti decreased their Q3 2027 earnings estimates for shares of Nine Energy Service in a research note issued on Wednesday, November 11th. Sidoti analyst S. Ferazani now forecasts that the company will post earnings of $0.19 per share for the quarter, down from their previous forecast of $0.23. The consensus estimate for Nine Energy Service’s current full-year earnings is $4.56 per share. Sidoti also issued estimates for Nine Energy Service’s Q4 2027 earnings at $0.16 EPS, FY2027 earnings at $0.46 EPS and FY2028 earnings at $0.59 EPS.

Nine Energy Service (NYSEAMERICAN:NINE) last posted its earnings results on Monday, November 9th. The company reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.05. The firm had revenue of $142.01 million for the quarter, compared to analysts’ expectations of $138.95 million.

Nine Energy Service Price Performance

NYSEAMERICAN NINE opened at $7.48 on Thursday. The firm’s fifty day simple moving average is $8.48 and its two-hundred day simple moving average is $9.88. The company has a quick ratio of 1.68, a current ratio of 2.33 and a debt-to-equity ratio of 0.78. Nine Energy Service has a 12-month low of $6.50 and a 12-month high of $13.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its position in Nine Energy Service by 58.8% during the 3rd quarter. State Street Corp now owns 37,669 shares of the company’s stock valued at $285,000 after buying an additional 13,943 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Nine Energy Service in the third quarter worth about $128,000. Finally, Cygnus Capital Advisors LLC acquired a new stake in Nine Energy Service in the second quarter worth about $6,510,000. 57.61% of the stock is currently owned by hedge funds and other institutional investors.

About Nine Energy Service

Nine Energy Service is an oilfield services company that provides completion services to onshore oil and natural gas operators. Its work supports the development of unconventional resources, including shale formations. The company’s services include cementing, wireline, coiled tubing, directional drilling and completion tools. These offerings help customers prepare wells for production and carry out work during the completion process. Based in Houston, Texas, Nine Energy Service operates primarily in North America, serving oil and gas activity in U.S. shale basins and other onshore markets.