Nine Energy Service, Inc. (NYSE:NINE) Insider David Crombie Sells 107,284 Shares

Nine Energy Service, Inc. (NYSE:NINE – Get Rating) insider David Crombie sold 107,284 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $6.91, for a total value of $741,332.44. Following the transaction, the insider now owns 281,712 shares in the company, valued at approximately $1,946,629.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Nine Energy Service Trading Down 0.2 %

Shares of NINE stock opened at $6.44 on Wednesday. The business’s 50 day moving average is $11.65 and its two-hundred day moving average is $8.46. Nine Energy Service, Inc. has a twelve month low of $2.03 and a twelve month high of $17.10. The company has a market capitalization of $223.60 million, a P/E ratio of 14.98 and a beta of 3.43.

Wall Street Analysts Forecast Growth

Separately, EF Hutton Acquisition Co. I restated a “buy” rating and set a $18.00 price target on shares of Nine Energy Service in a research note on Monday, January 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NINE. Wells Fargo & Company MN lifted its holdings in shares of Nine Energy Service by 1,936.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,711 shares of the company’s stock valued at $25,000 after buying an additional 1,627 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Nine Energy Service in the 2nd quarter valued at approximately $30,000. XTX Topco Ltd acquired a new stake in shares of Nine Energy Service in the 1st quarter valued at approximately $67,000. Dorsey Wright & Associates acquired a new stake in shares of Nine Energy Service in the 4th quarter valued at approximately $73,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of Nine Energy Service in the 1st quarter valued at approximately $75,000. 52.61% of the stock is currently owned by hedge funds and other institutional investors.

About Nine Energy Service

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Nine Energy Service, Inc is an oilfield services business, which engages in the provision of services integral to the completion of unconventional wells. It offers cementing services, completion tools, wireline services, and coiled tubing services. The company was founded on September 26, 2011 and is headquartered in Houston, TX.