Nine Energy Service (NINE) Set to Announce Quarterly Earnings on Monday

Nine Energy Service (NYSE:NINE) will be announcing its earnings results after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of ($0.37) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Nine Energy Service (NYSE:NINE) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.08. The firm had revenue of $142.12 million during the quarter, compared to the consensus estimate of $141.90 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 Energy Service stock opened at $1.69 on Friday. Nine Energy Service has a fifty-two week low of $1.37 and a fifty-two week high of $5.59. The firm has a market capitalization of $59.70 million, a P/E ratio of -1.67 and a beta of 3.42. The company’s 50 day moving average price is $1.67 and its two-hundred day moving average price is $2.04.

Insider Buying and Selling at Nine Energy Service

In other Nine Energy Service news, insider David Crombie sold 21,796 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1.95, for a total value of $42,502.20. Following the sale, the insider now owns 332,553 shares in the company, valued at $648,478.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Nine Energy Service news, insider David Crombie sold 21,796 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1.95, for a total value of $42,502.20. Following the sale, the insider now owns 332,553 shares in the company, valued at $648,478.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder William Monroe bought 765,488 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was bought at an average price of $1.61 per share, for a total transaction of $1,232,435.68. Following the transaction, the insider now directly owns 3,000,000 shares of the company’s stock, valued at $4,830,000. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 943,127 shares of company stock worth $1,492,039 and have sold 160,085 shares worth $316,300. Company insiders own 6.20% of the company’s stock.

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.