Nine Energy Service (NINE) Expected to Announce Quarterly Earnings on Wednesday

Nine Energy Service (NYSE:NINE) is projected to issue its quarterly earnings data after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of ($0.20) per share and revenue of $135.00 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Nine Energy Service Trading Down 4.5 %

NINE opened at $1.18 on Wednesday. The business’s 50 day moving average is $1.20 and its 200-day moving average is $1.21. The stock has a market cap of $49.78 million, a PE ratio of -0.98 and a beta of 3.50. Nine Energy Service has a twelve month low of $0.75 and a twelve month high of $3.26.

Insider Activity

In related news, insider Guy Sirkes sold 35,380 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1.67, for a total transaction of $59,084.60. Following the transaction, the insider now owns 156,966 shares in the company, valued at $262,133.22. This trade represents a 18.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.50% of the company’s stock.

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.