Nine Energy Service Stock Today
| NINE Stock | USD 1.26 0.08 6.78% |
Performance2 of 100
| Odds Of DistressOver 59
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Nine Energy is trading at 1.26 as of the 22nd of November 2024, a 6.78 percent increase since the beginning of the trading day. The stock's lowest day price was 1.17. Nine Energy has over 59 % chance of experiencing financial distress in the next 2 years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Nine Energy Service are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of October 2024 and ending today, the 22nd of November 2024. Click here to learn more.
Business Domain Energy | IPO Date 19th of January 2018 |
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. The company has 42.36 M outstanding shares of which 3.08 M shares are now shorted by private and institutional investors with about 4.22 trading days to cover. More on Nine Energy Service
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Nine Stock Highlights
| CEO | Ann Fox | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Petroleum and Natural Gas (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Delta 9 Cannabis Inc, Nation International Edutainment Public Company Limited] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil & Gas Equipment & Services, Energy, NYSE Composite, Jakarta Stock Exchange, Petroleum and Natural Gas, Energy, Energy Equipment & Services, Oil & Gas Equipment & Services, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsNine Energy can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nine Energy's financial leverage. It provides some insight into what part of Nine Energy's total assets is financed by creditors.
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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. The company currently falls under 'Micro-Cap' category with a current market capitalization of 49.99 M. Nine Energy Service conducts business under Energy Equipment & Services sector and is part of Energy industry. The entity has 42.36 M outstanding shares of which 3.08 M shares are now shorted by private and institutional investors with about 4.22 trading days to cover.
Nine Energy Service currently holds about 22.41 M in cash with 45.51 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67.
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Ownership AllocationNine Energy Service maintains a total of 42.36 Million outstanding shares. Nine Energy Service holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Nine Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Franklin Resources Inc | 2024-06-30 | 198.1 K | |
| Geode Capital Management, Llc | 2024-06-30 | 165.2 K | |
| Amvescap Plc. | 2024-06-30 | 142.6 K | |
| Lord, Abbett & Co Llc | 2024-06-30 | 135.6 K | |
| Bridgeway Capital Management, Llc | 2024-06-30 | 132.7 K | |
| Bank Of America Corp | 2024-06-30 | 130.7 K | |
| Simplex Trading, Llc | 2024-06-30 | 124.7 K | |
| Mackay Shields Llc | 2024-09-30 | 120.2 K | |
| Bank Of New York Mellon Corp | 2024-06-30 | 103.6 K | |
| Simmons L E & Associates Inc | 2024-09-30 | 9.1 M | |
| Gendell Jeffrey L | 2024-06-30 | 3.4 M |
Nine Energy Historical Income Statement
Nine Stock Against Markets
Nine Energy Corporate Directors
| Andrew Waite | Independent Director | Profile | |
| Curtis Harrell | Independent Director | Profile | |
| Scott Schwinger | Independent Director | Profile | |
| David Baldwin | Independent Director | Profile |
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. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.