Nine Energy Service, Inc. (NYSE:NINE - Get Free Report) insider Ann G. Fox sold 60,358 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $1.00, for a total value of $60,358.00. Following the completion of the sale, the insider now owns 697,935 shares in the company, valued at $697,935. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Nine Energy Service Stock Performance
Shares of Nine Energy Service stock opened at $1.30 on Friday. The stock's 50-day simple moving average is $1.12 and its 200 day simple moving average is $1.50. Nine Energy Service, Inc. has a 52-week low of $0.75 and a 52-week high of $3.26. The stock has a market capitalization of $55.07 million, a P/E ratio of -1.08 and a beta of 3.31.
Nine Energy Service (NYSE:NINE - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The firm had revenue of $132.40 million during the quarter, compared to analysts' expectations of $134.00 million. Equities research analysts forecast that Nine Energy Service, Inc. will post -1.23 EPS for the current fiscal year.
Institutional Investors Weigh In On Nine Energy Service
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jaffetilchin Investment Partners LLC grew its holdings in shares of Nine Energy Service by 89.8% during the second quarter. Jaffetilchin Investment Partners LLC now owns 113,424 shares of the company's stock worth $191,000 after purchasing an additional 53,657 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of Nine Energy Service by 352.9% during the first quarter. Virtu Financial LLC now owns 58,535 shares of the company's stock worth $131,000 after purchasing an additional 45,611 shares in the last quarter. Great Valley Advisor Group Inc. purchased a new position in shares of Nine Energy Service during the second quarter worth about $34,000. XTX Topco Ltd purchased a new position in shares of Nine Energy Service during the second quarter worth about $32,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Nine Energy Service during the second quarter worth about $31,000. 57.61% of the stock is currently owned by institutional investors.
Nine Energy Service Company Profile
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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.
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