Nine Energy Service, Inc. (NYSE:NINE) Insider Theodore R. Moore Sells 38,017 Shares of Stock

Nine Energy Service, Inc. (NYSE:NINE) insider Theodore R. Moore sold 38,017 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $0.73, for a total value of $27,752.41. Following the completion of the transaction, the insider now directly owns 148,403 shares of the company’s stock, valued at $108,334.19. The trade was a 20.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Nine Energy Service Price Performance

Nine Energy Service stock opened at $0.71 on Wednesday. Nine Energy Service, Inc. has a one year low of $0.60 and a one year high of $2.02. The business has a fifty day moving average price of $0.96 and a 200-day moving average price of $1.13. The firm has a market capitalization of $30.03 million, a P/E ratio of -0.59 and a beta of 2.80.

Nine Energy Service (NYSE:NINE) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.02. The company had revenue of $150.47 million during the quarter, compared to the consensus estimate of $149.10 million. Sell-side analysts expect that Nine Energy Service, Inc. will post -1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nine Energy Service

A number of large investors have recently made changes to their positions in NINE. Legato Capital Management LLC purchased a new stake in shares of Nine Energy Service in the fourth quarter worth $35,000. Essex Investment Management Co. LLC purchased a new stake in shares of Nine Energy Service in the fourth quarter worth $127,000. Prudential Financial Inc. purchased a new stake in shares of Nine Energy Service in the fourth quarter worth $32,000. Renaissance Technologies LLC raised its position in shares of Nine Energy Service by 22.2% in the fourth quarter. Renaissance Technologies LLC now owns 390,136 shares of the company’s stock worth $437,000 after buying an additional 70,900 shares in the last quarter. Finally, XTX Topco Ltd raised its position in shares of Nine Energy Service by 49.9% in the fourth quarter. XTX Topco Ltd now owns 31,657 shares of the company’s stock worth $35,000 after buying an additional 10,541 shares in the last quarter. 57.61% of the stock is owned by institutional investors.

About Nine Energy Service

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.