Nine Energy Service (NYSE:NINE) Announces Earnings Results, Misses Estimates By $0.02 EPS

Nine Energy Service (NYSE:NINE) posted its quarterly earnings data on Wednesday. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.02), Zacks reports.

Nine Energy Service Stock Down 2.4 %

Nine Energy Service stock traded down $0.03 during midday trading on Wednesday, hitting $1.03. 1,063,953 shares of the stock were exchanged, compared to its average volume of 2,036,966. The stock has a market capitalization of $43.42 million, a PE ratio of -0.85 and a beta of 3.58. Nine Energy Service has a 52 week low of $0.75 and a 52 week high of $3.26. The company has a fifty day simple moving average of $1.22 and a two-hundred day simple moving average of $1.20.

About Nine Energy Service

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.