FY2024 Earnings Forecast for NINE Issued By Atb Cap Markets

Nine Energy Service, Inc. (NYSE:NINE) – Atb Cap Markets lowered their FY2024 earnings estimates for Nine Energy Service in a note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now forecasts that the company will post earnings per share of ($1.12) for the year, down from their prior estimate of ($1.10). The consensus estimate for Nine Energy Service’s current full-year earnings is ($1.10) per share. Atb Cap Markets also issued estimates for Nine Energy Service’s Q4 2024 earnings at ($0.24) EPS, Q1 2025 earnings at ($0.24) EPS, Q2 2025 earnings at ($0.21) EPS, Q3 2025 earnings at ($0.16) EPS, Q4 2025 earnings at ($0.14) EPS, FY2025 earnings at ($0.75) EPS, Q1 2026 earnings at ($0.17) EPS, Q2 2026 earnings at ($0.15) EPS, Q3 2026 earnings at ($0.12) EPS and FY2026 earnings at ($0.57) EPS.

Nine Energy Service Stock Down 1.8 %

Shares of NINE stock opened at $1.12 on Friday. The stock has a market capitalization of $47.45 million, a PE ratio of -0.93 and a beta of 3.50. The stock’s 50-day moving average price is $1.22 and its 200 day moving average price is $1.38. Nine Energy Service has a 52-week low of $0.75 and a 52-week high of $3.26.

Institutional Investors Weigh In On Nine Energy Service

A number of hedge funds have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Nine Energy Service in the 2nd quarter valued at about $31,000. XTX Topco Ltd acquired a new position in shares of Nine Energy Service in the 2nd quarter valued at about $32,000. Great Valley Advisor Group Inc. bought a new stake in shares of Nine Energy Service during the 2nd quarter valued at about $34,000. Finally, Jaffetilchin Investment Partners LLC lifted its holdings in Nine Energy Service by 89.8% in the second quarter. Jaffetilchin Investment Partners LLC now owns 113,424 shares of the company’s stock worth $191,000 after acquiring an additional 53,657 shares during the last quarter. Institutional investors and hedge funds own 57.61% of the company’s stock.

Insider Buying and Selling at Nine Energy Service

In other news, insider Ann G. Fox sold 60,358 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $1.00, for a total transaction of $60,358.00. Following the transaction, the insider now directly owns 697,935 shares of the company’s stock, valued at approximately $697,935. The trade was a 7.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Guy Sirkes sold 35,380 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1.67, for a total transaction of $59,084.60. Following the completion of the transaction, the insider now owns 156,966 shares in the company, valued at $262,133.22. This represents a 18.39 % decrease in their position. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by insiders.

Nine Energy Service Company Profile

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.