Sidoti Decreases Earnings Estimates for Nine Energy Service

Nine Energy Service, Inc. (NYSEAMERICAN:NINE) – Equities researchers at Sidoti lowered their Q3 2027 EPS estimates for shares of Nine Energy Service in a report issued on Wednesday, November 11th. Sidoti analyst S. Ferazani now expects that the company will earn $0.19 per share for the quarter, down from their prior estimate of $0.23. The consensus estimate for Nine Energy Service’s current full-year earnings is $4.56 per share. Sidoti also issued estimates for Nine Energy Service’s Q4 2027 earnings at $0.16 EPS, FY2027 earnings at $0.46 EPS and FY2028 earnings at $0.59 EPS.

Nine Energy Service Stock Up 3.0%

Shares of NINE opened at $7.48 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.33 and a quick ratio of 1.68. Nine Energy Service has a 1-year low of $6.50 and a 1-year high of $13.23. The company’s fifty day moving average price is $8.48 and its 200-day moving average price is $9.88.

Nine Energy Service (NYSEAMERICAN:NINE) last posted its quarterly earnings results on Monday, November 9th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.05. The company had revenue of $142.01 million during the quarter, compared to analysts’ expectations of $138.95 million.

Institutional Trading of Nine Energy Service

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NINE. State Street Corp grew its stake in Nine Energy Service by 58.8% during the 3rd quarter. State Street Corp now owns 37,669 shares of the company’s stock valued at $285,000 after purchasing an additional 13,943 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Nine Energy Service in the third quarter valued at about $128,000. Finally, Cygnus Capital Advisors LLC purchased a new position in shares of Nine Energy Service in the second quarter worth about $6,510,000. Institutional investors and hedge funds own 57.61% of the company’s stock.

Nine Energy Service Company Profile

Nine Energy Service is an oilfield services company that provides completion services to onshore oil and natural gas operators. Its work supports the development of unconventional resources, including shale formations. The company’s services include cementing, wireline, coiled tubing, directional drilling and completion tools. These offerings help customers prepare wells for production and carry out work during the completion process. Based in Houston, Texas, Nine Energy Service operates primarily in North America, serving oil and gas activity in U.S. shale basins and other onshore markets.