Nine Energy Service (NINE) Scheduled to Post Earnings on Friday

Nine Energy Service (NYSE:NINE) is scheduled to be issuing its quarterly 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. Parties interested in participating in the company’s conference call can do so using this link.

Nine Energy Service (NYSE:NINE) last posted its earnings results on Monday, August 5th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The firm 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 Down 1.0 %

Shares of NINE stock opened at $1.02 on Friday. The firm’s 50 day moving average is $1.17 and its 200 day moving average is $1.62. The stock has a market capitalization of $36.03 million, a P/E ratio of -1.01 and a beta of 3.28. Nine Energy Service has a 12 month low of $1.00 and a 12 month high of $3.81.

Insiders Place Their Bets

In related news, major shareholder William Monroe bought 470,362 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $1.58 per share, for a total transaction of $743,171.96. Following the purchase, the insider now directly owns 3,900,000 shares in the company, valued at $6,162,000. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 32,036 shares of company stock worth $45,697 over the last 90 days. Corporate 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.