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Why Nine Energy Service Inc. (NYSE: NINE) Is Worth Including On Your Watchlist

Nine Energy Service Inc. (NYSE:NINE)’s traded shares stood at 1.61 million during the last session, with the company’s beta value hitting 3.45. At the close of trading, the stock’s price was $5.47, to imply a decrease of -15.06% or -$0.97 in intraday trading. The NINE share’s 52-week high remains $17.10, putting it -212.61% down since that peak but still an impressive 62.89% since price per share fell to its 52-week low of $2.03. The company has a valuation of $196.81M, with an average of 1.18 million shares in intraday trading volume over the past 10 days and average of 1.56 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Nine Energy Service Inc. (NINE), translating to a mean rating of 2.50. Of 2 analyst(s) looking at the stock, 0 analyst(s) give NINE a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.34.

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Nine Energy Service Inc. (NYSE:NINE) trade information

After registering a -15.06% downside in the last session, Nine Energy Service Inc. (NINE) has traded red over the past five days. The stock hit a weekly high of 8.86 this Wednesday, 03/15/23, dropping -15.06% in its intraday price action. The 5-day price performance for the stock is -38.95%, and -49.91% over 30 days. With these gigs, the year-to-date price performance is -62.35%. Short interest in Nine Energy Service Inc. (NYSE:NINE) saw shorts transact 2.35 million shares and set a 1.28 days time to cover.

Analysts on Wall Street suggest a consensus price target of $13.75, implying an increase of 60.22% to the stock’s current value. The extremes give us $12.50 and $15.00 for target low and target high price respectively. As such, NINE has been trading -174.22% off suggested target high and -128.52% from its likely low.

Nine Energy Service Inc. (NINE) estimates and forecasts

Looking at statistics comparing Nine Energy Service Inc. share performance against respective industry, we note that the company has underperformed competitors. Nine Energy Service Inc. (NINE) shares are 78.76% up over the last 6 months, with its year-to-date growth rate lower than industry average at -4.44% against 45.20%. Revenue is forecast to grow 165.40% this quarter before jumping 213.60% for the next one. The rating firms project that company’s revenue will grow 69.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is $166.3 million.

NINE Dividends

Nine Energy Service Inc. has its next earnings report out between May 02 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Nine Energy Service Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Nine Energy Service Inc. (NYSE:NINE)’s Major holders

Nine Energy Service Inc. insiders hold 26.02% of total outstanding shares, with institutional holders owning 51.94% of the shares at 70.21% float percentage. In total, 51.94% institutions holds shares in the company, led by SCF Partners, Inc. As of Dec 30, 2022, the company held over 9.09 million shares (or 27.35% of shares), all amounting to roughly $132.03 million.

The next major institution holding the largest number of shares is Clarity Financial, LLC with 4.22 million shares, or about 12.70% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $11.14 million.

We also have Bridgeway Funds Inc-Ultra Small Company Market Fund and Franklin Strategic Series-Franklin Natural Resources Fund as the top two Mutual Funds with the largest holdings of the Nine Energy Service Inc. (NINE) shares. Going by data provided on Sep 29, 2022, Bridgeway Funds Inc-Ultra Small Company Market Fund holds roughly 0.34 million shares. This is just over 1.03% of the total shares, with a market valuation of $0.9 million. Data from the same date shows that the other fund manager holds a little less at 0.3 million, or 0.91% of the shares, all valued at about 1.77 million.

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