What is Atb Cap Markets’ Forecast for NINE FY2024 Earnings?

Nine Energy Service, Inc. (NYSE:NINE) – Atb Cap Markets raised their FY2024 earnings estimates for shares of Nine Energy Service in a report issued on Sunday, November 3rd. Atb Cap Markets analyst W. Syed now forecasts that the company will earn ($1.10) per share for the year, up from their prior estimate of ($1.23). The consensus estimate for Nine Energy Service’s current full-year earnings is ($1.23) per share. Atb Cap Markets also issued estimates for Nine Energy Service’s Q4 2024 earnings at ($0.20) EPS, Q1 2025 earnings at ($0.20) EPS, Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at ($0.20) EPS, FY2025 earnings at ($0.70) EPS, Q1 2026 earnings at ($0.20) EPS, Q2 2026 earnings at ($0.20) EPS, Q3 2026 earnings at ($0.10) EPS and FY2026 earnings at ($0.60) EPS.

Nine Energy Service (NYSE:NINE) last issued its earnings results on Monday, August 5th. The company reported ($0.40) 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.

Nine Energy Service Stock Performance

Nine Energy Service stock opened at $1.27 on Wednesday. The stock’s fifty day moving average is $1.12 and its two-hundred day moving average is $1.50. Nine Energy Service has a 1-year low of $0.75 and a 1-year high of $3.27.

Institutional Investors Weigh In On Nine Energy Service

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC acquired a new stake in Nine Energy Service during the 2nd quarter worth $31,000. XTX Topco Ltd acquired a new position in Nine Energy Service in the second quarter valued at $32,000. Great Valley Advisor Group Inc. purchased a new position in shares of Nine Energy Service during the second quarter worth about $34,000. Virtu Financial LLC increased its position in shares of Nine Energy Service by 352.9% during the first quarter. Virtu Financial LLC now owns 58,535 shares of the company’s stock worth $131,000 after purchasing an additional 45,611 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its position in shares of Nine Energy Service by 86.8% during the first quarter. Jaffetilchin Investment Partners LLC now owns 59,767 shares of the company’s stock worth $134,000 after purchasing an additional 27,767 shares in the last quarter. Institutional investors and hedge funds own 57.61% 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.