Ann G. Fox Sells 277,969 Shares of Nine Energy Service, Inc. (NYSE:NINE) Stock

Nine Energy Service, Inc. (NYSE:NINE) insider Ann G. Fox sold 277,969 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $0.62, for a total transaction of $172,340.78. Following the sale, the insider owned 373,795 shares of the company’s stock, valued at approximately $231,752.90. This represents a 42.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Nine Energy Service Stock Performance

Shares of Nine Energy Service stock opened at $0.63 on Wednesday. The company has a market capitalization of $27.30 million, a P/E ratio of -0.69 and a beta of 2.70. The company has a fifty day moving average of $0.77 and a 200 day moving average of $0.90. Nine Energy Service, Inc. has a fifty-two week low of $0.44 and a fifty-two week high of $1.87.

Nine Energy Service (NYSE:NINE) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The business had revenue of $147.25 million for the quarter, compared to analyst estimates of $143.60 million. Analysts forecast that Nine Energy Service, Inc. will post -1.12 EPS for the current year.

Institutional Trading of Nine Energy Service

Hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC purchased a new stake in Nine Energy Service in the 4th quarter worth $28,000. XTX Topco Ltd grew its position in Nine Energy Service by 49.9% during the fourth quarter. XTX Topco Ltd now owns 31,657 shares of the company’s stock valued at $35,000 after buying an additional 10,541 shares during the period. Two Sigma Investments LP acquired a new stake in Nine Energy Service during the fourth quarter valued at $53,000. Truist Financial Corp acquired a new stake in shares of Nine Energy Service in the second quarter valued at about $73,000. Finally, Millennium Management LLC acquired a new stake in shares of Nine Energy Service in the fourth quarter valued at about $107,000. Hedge funds and other institutional investors own 57.61% of the company’s stock.

Nine Energy Service Company Profile

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.