Nine Energy Service Inc. (NINE) Shares See Highest Trading Level at $4.47


As of close of business last night, Nine Energy Service Inc.’s stock clocked out at $4.47, down -1.54% from its previous closing price of $4.54. In other words, the price has decreased by -$0.0700 from its previous closing price. On the day, 503016 shares were traded. NINE stock price reached its highest trading level at $4.6200 during the session, while it also had its lowest trading level at $4.4150.

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To gain a deeper understanding of NINE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 2.50.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on December 15, 2020, Upgraded its rating to Neutral and sets its target price to $3 from $1 previously.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 11 when Crombie David sold 40,657 shares for $4.60 per share. The transaction valued at 187,022 led to the insider holds 209,075 shares of the business.

MOORE THEODORE R. sold 22,221 shares of NINE for $103,772 on Aug 11. The insider now owns 115,725 shares after completing the transaction at $4.67 per share. On Aug 09, another insider, Fox Ann G, who serves as the insider of the company, sold 37,527 shares for $4.90 each. As a result, the insider received 183,882 and left with 725,487 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NINE now has a Market Capitalization of 158.02M and an Enterprise Value of 493.67M. As of this moment, Nine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25. Its current Enterprise Value per Revenue stands at 0.75 whereas that against EBITDA is 4.61.

Stock Price History:

Over the past 52 weeks, NINE has reached a high of $17.10, while it has fallen to a 52-week low of $2.30. The 50-Day Moving Average of the stock is 4.5852, while the 200-Day Moving Average is calculated to be 6.8062.

Shares Statistics:

It appears that NINE traded 991.41K shares on average per day over the past three months and 605.55k shares per day over the past ten days. A total of 33.29M shares are outstanding, with a floating share count of 18.86M. Insiders hold about 4.60% of the company’s shares, while institutions hold 52.70% stake in the company. Shares short for NINE as of Aug 30, 2023 were 2.02M with a Short Ratio of 2.02M, compared to 3.61M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.70% and a Short% of Float of 8.37%.

Earnings Estimates

As of right now, 1 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.23 for the current quarter, with a high estimate of -$0.23 and a low estimate of -$0.23, while EPS last year was $0.39. The consensus estimate for the next quarter is -$0.24, with high estimates of -$0.24 and low estimates of -$0.24.

Analysts are recommending an EPS of between -$0.12 and -$0.54 for the fiscal current year, implying an average EPS of -$0.33. EPS for the following year is -$0.04, with 2 analysts recommending between -$0.02 and -$0.07.

Revenue Estimates

In the current quarter, 1 analysts expect revenue to total $146.1M. It ranges from a high estimate of $146.1M to a low estimate of $146.1M. As of the current estimate, Nine Energy Service Inc.’s year-ago sales were $167.43M, an estimated decrease of -12.70% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $145M, a decrease of -13.00% less than the figure of -$12.70% in the same quarter last year. There is a high estimate of $145M for the next quarter, whereas the lowest estimate is $145M.

A total of 2 analysts have provided revenue estimates for NINE’s current fiscal year. The highest revenue estimate was $641M, while the lowest revenue estimate was $616M, resulting in an average revenue estimate of $628.5M. In the same quarter a year ago, actual revenue was $593.38M, up 5.90% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $681.85M in the next fiscal year. The high estimate is $695M and the low estimate is $668.7M. The average revenue growth estimate for next year is up 8.50% from the average revenue estimate for this year.


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