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Wednesday, February 8, 2023

There Is A Quest For Clarity Surrounding Nine Energy Service Inc. (NYSE: NINE) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Nine Energy Service Inc. (NINE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.33, or 2.47%, to $13.71. The Nine Energy Service Inc. has recorded 9,779 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Nine Energy Service Announces Third Quarter 2022 Results.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas Equipment & Services industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $13.38 and fluctuated between $15.13 as its day high and $13.28 as its day low. The current market capitalization of Nine Energy Service Inc. is $438.86M. A total of 2.3 million shares were traded on the day, compared to an average of 1.81M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NINE has seen 0 BUY and 10 SELL insider trades, representing the acquisition of 0 and the disposition of 769,447 shares. Over the last 12 months, there were 17 BUYs and 31 SELLs from insiders. Insiders purchased 406,976 shares during that period but sold 953,211.

In the most recent transaction, Frazier Warren Lynn sold 100,000 shares of NINE for 14.99 per share on Jan 17. After the transaction, the 10% Owner now owns 3,349,087 company shares. In a previous transaction on Dec 22, Frazier Warren Lynn sold 300,000 shares at 12.34 per share. NINE shares that 10% Owner owns now total 3,449,087.

Among the insiders who sold shares, Frazier Warren Lynn disposed of 21,958 shares on Dec 01 at a per-share price of $10.81. This resulted in the 10% Owner holding 3,749,087 shares of NINE after the transaction. In another insider transaction, Frazier Warren Lynn sold 75,000 shares at $10.01 per share on Nov 17. Company shares held by the 10% Owner now total 3,771,045.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NINE in the last 3 months, the mean price target is $18.00 with high estimates of $18.00 and low estimates of $18.00. In terms of 52-week highs and lows, NINE has a high of $17.10 and a low of $0.91.

As of this writing, NINE has an earnings estimate of $0.02 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.16 per share and a lower estimate of -$0.11. The company reported an EPS of -$0.22 in the last quarter, which was 42.10% higher than expectations of -$0.38.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NINE is Buy with a score of 4.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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