Nine Energy Service (NINE) Scheduled to Post Earnings on Monday

Nine Energy Service (NYSE:NINE) is set to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.32) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Nine Energy Service (NYSE:NINE) last issued its earnings results on Thursday, March 7th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.05. The firm had revenue of $144.07 million during the quarter, compared to analyst estimates of $142.00 million. On average, analysts expect Nine Energy Service to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Nine Energy Service Price Performance

Shares of NINE stock opened at $2.31 on Monday. The firm has a market cap of $81.61 million, a P/E ratio of -2.41 and a beta of 3.41. The stock’s 50-day moving average is $2.32 and its two-hundred day moving average is $2.52. Nine Energy Service has a fifty-two week low of $1.78 and a fifty-two week high of $5.59.

Insider Activity

In other news, insider Ann G. Fox sold 216,704 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $2.17, for a total transaction of $470,247.68. Following the transaction, the insider now owns 508,783 shares of the company’s stock, valued at approximately $1,104,059.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.