Nine Energy Service (NINE, Financial) experienced a significant stock movement, with its price dropping by 5.21%. The stock is currently trading at $1.09 per share, with a trading volume of 777,824 shares and a turnover rate of 1.84%. The stock's volatility is recorded at 6.52%.
Recent financial reports reveal that Nine Energy Service generated a revenue of $138 million, 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 is -0.92. Currently, there are no institutional ratings available for buy, hold, or sell recommendations for this stock.
In the oil and gas equipment and services industry, where Nine Energy Service operates, the overall decline is 2.25%. Other stocks in the sector, such as National Energy Svcs Reunited Corp, Geospace Technologies Corporation, and Ncs Multistage Holdings, Inc., have shown notable increases. Meanwhile, stocks like Weatherford International and Landbridge Company LLC have been active, with turnover rates of 1.80% and 1.22%, respectively. Stocks with significant volatility include National Energy Svcs Reunited Corp, Weatherford International, and Nextdecade Corporation, with amplitudes of 17.59%, 13.16%, and 9.07% respectively.
Nine Energy Service Inc is a North American provider of onshore completion and production services, focusing on unconventional oil and gas resource development. It operates primarily through its completion solutions segment, offering services such as cementing, completion tools, and other specialized equipment. The majority of its revenue comes from operations in the United States.
