Nine Energy Service (NYSE:NINE) Announces Quarterly Earnings Results

Nine Energy Service (NYSE:NINE) announced its earnings results on Wednesday. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.02), Zacks reports.

Nine Energy Service Stock Performance

Shares of NINE traded down $0.03 during trading hours on Wednesday, hitting $1.03. 1,063,953 shares of the stock were exchanged, compared to its average volume of 2,036,966. The stock’s 50-day moving average price is $1.22 and its two-hundred day moving average price is $1.20. Nine Energy Service has a 12-month low of $0.75 and a 12-month high of $3.26. The company has a market cap of $43.42 million, a price-to-earnings ratio of -0.85 and a beta of 3.58.

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.