Nine Energy Service Stock Today

NINE Stock  USD 1.24  0.10  7.46%   

Performance

4 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Over 60

 
High
 
Low
Above Average
Nine Energy is trading at 1.24 as of the 11th of December 2024, a 7.46 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.22. Nine Energy has more than 60 % chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. The performance scores are derived for the period starting the 20th of July 2023 and ending today, the 11th of December 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 3.77 M shares are now shorted by private and institutional investors with about 2.66 trading days to cover. More on Nine Energy Service

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Nine Stock Highlights

CEOAnn Fox
Old Names[Delta 9 Cannabis Inc, Nation International Edutainment Public Company Limited]
Business ConcentrationOil & Gas Equipment & Services, Energy, NYSE Composite, Jakarta Stock Exchange, Energy, Energy Equipment & Services, Oil & Gas Equipment & Services, Energy (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.591.5163
Sufficiently Up
Slightly volatile
Net Debt332.9 M335.5 M
Slightly Down
Slightly volatile
Total Current Liabilities72.1 M82.8 M
Fairly Down
Pretty Stable
Non Current Liabilities Total343.7 M354.9 M
Sufficiently Down
Slightly volatile
Total Assets485.2 M402 M
Fairly Up
Slightly volatile
Total Current Assets198.4 M183.6 M
Significantly Up
Slightly volatile
Debt Levels
Nine 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.
Liquidity
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.

Change To Inventory

5.48 Million
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 56.77 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 3.77 M shares are now shorted by private and institutional investors with about 2.66 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.
Check Nine Energy Probability Of Bankruptcy
Ownership Allocation
Nine 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.
Check Nine Ownership Details

Nine Stock Institutional Holders

InstituionRecorded OnShares
Geode Capital Management, Llc2024-09-30
188.9 K
Morgan Stanley - Brokerage Accounts2024-09-30
174.4 K
Bank Of America Corp2024-09-30
152.2 K
Amvescap Plc.2024-09-30
143.2 K
Lord, Abbett & Co Llc2024-09-30
135.6 K
Bridgeway Capital Management, Llc2024-09-30
132.7 K
Mackay Shields Llc2024-09-30
120.2 K
Bank Of New York Mellon Corp2024-09-30
103.6 K
Northern Trust Corp2024-09-30
75.3 K
Simmons L E & Associates Inc2024-09-30
9.1 M
Gendell Jeffrey L2024-09-30
3.4 M
View Nine Energy Diagnostics

Nine Energy Historical Income Statement

At present, Nine Energy's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 601.2 M, whereas Total Revenue is forecasted to decline to about 439.3 M. View More Fundamentals

Nine Stock Against Markets

Nine Energy Corporate Directors

Andrew WaiteIndependent DirectorProfile
Curtis HarrellIndependent DirectorProfile
Scott SchwingerIndependent DirectorProfile
David BaldwinIndependent DirectorProfile
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.