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

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

Nine Energy Service Stock Down 2.4 %

Shares of NINE traded down $0.03 on Wednesday, reaching $1.03. The stock had a trading volume of 1,063,953 shares, compared to its average volume of 2,036,966. The firm has a 50-day moving average of $1.22 and a 200 day moving average of $1.20. The firm 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 twelve month low of $0.75 and a twelve month high of $3.26.

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.