Nine Energy Service (NINE, Financial) experienced a significant stock price increase of 5.93%, reaching $1.25 per share with a trading volume of 748,455 shares and a turnover rate of 1.77%. The recent earnings report shows the company generated $138 million in revenue but reported a net loss of $10.14 million, translating to an earnings per share (EPS) of -$0.26. The gross profit stood at $15.68 million, and the price-to-earnings (P/E) ratio was -1.02.
Analyst ratings reveal that out of the one institution covering the stock, 100% have issued a sell recommendation, with no buy or hold suggestions.
Within the oil and gas equipment and services sector, where Nine Energy Service operates, the overall industry saw a rise of 1.73%. Notably, related stocks such as Geospace Technologies Corporation, Profrac Holding Corp., and Newpark Resources showed significant gains. Meanwhile, stocks like Dawson Geophysical Company, Drilling Tools International Corporation, and Yantai Jereh Oilfield Services Group exhibited notable volatility with amplitudes of 16.41%, 10.91%, and 8.41%, respectively.
Nine Energy Service Inc. is a North American provider of onshore completion and production services, focusing on unconventional oil and gas resource development. Its operations are primarily through its completion solutions segment, offering cementing services and completion tools, including casing flotation devices and fully composite frac plugs. The company operates in the U.S., Canada, and other countries, with the majority of its revenue generated in the U.S.
