Andrew Waite - Nine Energy Independent Director

NINE Stock  USD 1.26  0.08  6.78%   

Director

Mr. Andrew Lyndon Waite is Independent Director of the company since February 28, 2013. He served as Chairman of the Companys Board from February 2013 until the consummation of the merger of Beckman Production Services, Inc. with and into the Company. Mr. Waite is CoPresident of SCF Partners and was an officer of that company since October 1995. He was previously Vice President of Simmons Company International, where he served from August 1993 to September 1995. From 1984 to 1991, Mr. Waite held a number of engineering and project management positions with the Royal DutchShell Group, an integrated energy company. Mr. Waite currently serves on the board of directors of each of Forum Energy Technologies, Inc., a position he has held since August 2010, Atlantic Navigation Holdings Limited, a position he has held since January 2016, and National Energy Services Reunited Corporationration, a position he has held since May 2018. Mr. Waite previously served on the board of directors of Complete Production Services, Inc., a provider of specialized oil and gas completion and production services from 2007 to 2009, Hornbeck Offshore Services, Inc., a provider of marine services to exploration and production oilfield service, offshore construction and military customers from 2000 to 2006, and Oil States International, Inc., a diversified oilfield services and equipment company from August 1995 through April 2006 since 2017.
Age 60
Tenure 7 years
Professional MarksMBA
Address 2001 Kirby Drive, Houston, TX, United States, 77019
Phone281 730 5100
Webhttps://nineenergyservice.com
Waite received an M.B.A. with High Distinction from the Harvard University Graduate School of Business Administration, an M.S. degree in Environmental Engineering Science from California Institute of Technology and a BSc degree with First Class Honours in Civil Engineering from England’s Loughborough University of Technology.

Nine Energy Management Efficiency

The company has return on total asset (ROA) of 0.0141 % which means that it generated a profit of $0.0141 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (5.8338) %, meaning that it created substantial loss on money invested by shareholders. Nine Energy's management efficiency ratios could be used to measure how well Nine Energy manages its routine affairs as well as how well it operates its assets and liabilities. At present, Nine Energy's Return On Equity is projected to slightly decrease based on the last few years of reporting. At present, Nine Energy's Non Current Assets Total are projected to decrease significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 5.7 M, whereas Other Assets are forecasted to decline to 0.95.
Nine Energy Service currently holds 366.32 M in liabilities. Nine Energy Service has a current ratio of 1.81, which is within standard range for the sector. Note, when we think about Nine Energy's use of debt, we should always consider it together with its cash and equity.

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Nine Energy Service, Inc. operates as an onshore completion services provider that targets unconventional oil and gas resource development across North American basins and internationally. Nine Energy Service, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. Nine Energy operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 944 people. Nine Energy Service (NINE) is traded on New York Stock Exchange in USA. It is located in 2001 Kirby Drive, Houston, TX, United States, 77019 and employs 1,157 people. Nine Energy is listed under Oil & Gas Equipment & Services category by Fama And French industry classification.

Management Performance

Nine Energy Service Leadership Team

Elected by the shareholders, the Nine Energy's board of directors comprises two types of representatives: Nine Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nine. The board's role is to monitor Nine Energy's management team and ensure that shareholders' interests are well served. Nine Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nine Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Brett Luz, Chief Officer
David Crombie, Executive Vice President and President Completion Solutions
Andrew Waite, Independent Director
Curtis Harrell, Independent Director
Ernie Danner, Independent Chairman of the Board
Jeff Hyre, President Wireline
Guy Sirkes, Chief Financial Officer, Senior Vice President
Edward Morgan, President Production Solutions
Theodore JD, General VP
Nick Pottmeyer, President Tools
Scott Schwinger, Independent Director
David Baldwin, Independent Director
Darryl Willis, Independent Director
Heather Schmidt, Investor Development
Gary Thomas, Independent Director
Ann Fox, President, Chief Executive Officer, Director
James Holley, Chief Officer
Theodore Moore, Senior Vice President, General Counsel, Secretary
Joe Huwel, President Tubing
Mark Baldwin, Independent Director

Nine Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Nine Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

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When determining whether Nine Energy Service is a strong investment it is important to analyze Nine Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nine Energy's future performance. For an informed investment choice regarding Nine Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nine Energy Service. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nine Energy. If investors know Nine will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nine Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.20)
Revenue Per Share
15.637
Quarterly Revenue Growth
(0.02)
Return On Assets
0.0141
Return On Equity
(5.83)
The market value of Nine Energy Service is measured differently than its book value, which is the value of Nine that is recorded on the company's balance sheet. Investors also form their own opinion of Nine Energy's value that differs from its market value or its book value, called intrinsic value, which is Nine Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nine Energy's market value can be influenced by many factors that don't directly affect Nine Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nine Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nine Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nine Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.