Nine Energy Service, Inc. (NYSE:NINE) Insider Sells $60,358.00 in Stock

Nine Energy Service, Inc. (NYSE:NINE) insider Ann G. Fox sold 60,358 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $1.00, for a total value of $60,358.00. Following the sale, the insider now directly owns 697,935 shares of the company’s stock, valued at $697,935. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Nine Energy Service Price Performance

NINE stock traded up $0.04 during midday trading on Thursday, reaching $1.30. The company had a trading volume of 4,648,826 shares, compared to its average volume of 641,535. Nine Energy Service, Inc. has a 1-year low of $0.75 and a 1-year high of $3.26. The stock has a 50 day moving average price of $1.12 and a 200-day moving average price of $1.50. The company has a market capitalization of $55.07 million, a price-to-earnings ratio of -1.10 and a beta of 3.31.

Nine Energy Service (NYSE:NINE) last announced its earnings results on Monday, August 5th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The company had revenue of $132.40 million during the quarter, compared to analyst estimates of $134.00 million. As a group, research analysts anticipate that Nine Energy Service, Inc. will post -1.23 earnings per share for the current year.

Hedge Funds Weigh In On Nine Energy Service

A number of large investors have recently modified their holdings of NINE. Vanguard Personalized Indexing Management LLC bought a new position in Nine Energy Service during the 2nd quarter valued at $31,000. XTX Topco Ltd bought a new stake in shares of Nine Energy Service during the 2nd quarter valued at about $32,000. Great Valley Advisor Group Inc. bought a new stake in shares of Nine Energy Service during the 2nd quarter valued at about $34,000. Jaffetilchin Investment Partners LLC lifted its position in Nine Energy Service by 86.8% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 59,767 shares of the company’s stock worth $134,000 after buying an additional 27,767 shares during the last quarter. Finally, Virtu Financial LLC lifted its position in Nine Energy Service by 352.9% in the first quarter. Virtu Financial LLC now owns 58,535 shares of the company’s stock valued at $131,000 after purchasing an additional 45,611 shares during the last quarter. 57.61% of the stock is currently 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.