Nine Energy Service (NINE) to Release Earnings on Friday

Nine Energy Service (NYSE:NINE) is set to release its earnings data before the market opens on Friday, November 1st. Analysts expect Nine Energy Service to post earnings of ($0.30) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Nine Energy Service (NYSE:NINE) last announced its quarterly earnings data on Monday, August 5th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The company had revenue of $132.40 million for the quarter, compared to analysts’ expectations of $134.00 million. On average, analysts expect Nine Energy Service to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Nine Energy Service Trading Up 21.5 %

Nine Energy Service stock opened at $1.00 on Thursday. The stock has a market cap of $40.99 million, a P/E ratio of -0.99 and a beta of 3.28. The company has a 50-day moving average price of $1.14 and a 200 day moving average price of $1.55. Nine Energy Service has a 12-month low of $0.75 and a 12-month high of $3.71.

Insider Transactions at Nine Energy Service

In related news, major shareholder William Monroe bought 470,362 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $1.58 per share, with a total value of $743,171.96. Following the completion of the transaction, the insider now directly owns 3,900,000 shares of the company’s stock, valued at $6,162,000. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 32,036 shares of company stock worth $45,697 in the last 90 days. Insiders own 6.20% 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.