Nine Energy Service (NYSEAMERICAN:NINE) Posts Earnings Results

Nine Energy Service (NYSEAMERICAN:NINE) issued its quarterly earnings data on Monday. The company reported ($0.36) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.05, Zacks reports.

Nine Energy Service Stock Down 10.3%

Shares of NINE traded down $0.77 during trading hours on Monday, hitting $6.67. The stock had a trading volume of 37,374 shares, compared to its average volume of 58,368. The company has a quick ratio of 1.68, a current ratio of 2.34 and a debt-to-equity ratio of 0.75. The company’s fifty day moving average is $8.69 and its two-hundred day moving average is $9.94. Nine Energy Service has a 52 week low of $6.50 and a 52 week high of $13.23.

Nine Energy Service Company Profile

Nine Energy Service, Inc is an oilfield services company that provides completion and production solutions to onshore oil and natural gas operators. Its services support the completion, stimulation, and maintenance of wells, particularly in unconventional formations.

The company’s offerings have included completion tools, wireline services, coiled tubing, cementing, and other well-intervention services. These products and services are designed to help customers prepare wells for production, improve well performance, and address operational requirements throughout the well life cycle.

Founded in 2011 and headquartered in Houston, Texas, Nine Energy Service has historically served customers in the United States and Canada.