Nine Energy Service (NYSEAMERICAN:NINE – Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.05, Zacks reports. The business had revenue of $142.01 million during the quarter, compared to the consensus estimate of $138.95 million.
Nine Energy Service Stock Up 8.8%
NINE stock opened at $7.26 on Wednesday. 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 has a fifty day moving average price of $8.54 and a two-hundred day moving average price of $9.90. Nine Energy Service has a one year low of $6.50 and a one year 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.
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