Nine Energy Service (NYSEAMERICAN:NINE) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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

Nine Energy Service Stock Performance

Shares of NYSEAMERICAN:NINE traded down $0.77 on Monday, reaching $6.67. The company had a trading volume of 37,374 shares, compared to its average volume of 58,368. Nine Energy Service has a twelve month low of $6.50 and a twelve month high of $13.23. The stock has a 50-day moving average price of $8.69 and a 200 day moving average price of $9.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.34 and a quick ratio of 1.68.

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.