Ann G. Fox Sells 60,358 Shares of Nine Energy Service, Inc. (NYSE:NINE) Stock

Nine Energy Service, Inc. (NYSE:NINE) insider Ann G. Fox sold 60,358 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $1.00, for a total value of $60,358.00. Following the transaction, the insider now owns 697,935 shares of the company’s stock, valued at $697,935. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nine Energy Service Price Performance

NYSE NINE traded up $0.04 during trading hours on Thursday, hitting $1.30. The company’s stock had a trading volume of 4,648,826 shares, compared to its average volume of 641,535. Nine Energy Service, Inc. has a 12 month low of $0.75 and a 12 month high of $3.26. The company’s 50 day simple moving average is $1.12 and its two-hundred day simple moving average is $1.50. The company has a market cap of $55.07 million, a P/E ratio of -1.10 and a beta of 3.31.

Nine Energy Service (NYSE:NINE) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The firm had revenue of $132.40 million during the quarter, compared to analysts’ expectations of $134.00 million. As a group, research analysts predict that Nine Energy Service, Inc. will post -1.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nine Energy Service

Hedge funds have recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC raised its stake in Nine Energy Service by 86.8% in the first quarter. Jaffetilchin Investment Partners LLC now owns 59,767 shares of the company’s stock valued at $134,000 after buying an additional 27,767 shares during the last quarter. Virtu Financial LLC grew its holdings in Nine Energy Service by 352.9% during the first quarter. Virtu Financial LLC now owns 58,535 shares of the company’s stock worth $131,000 after acquiring an additional 45,611 shares during the period. Great Valley Advisor Group Inc. purchased a new position in Nine Energy Service during the second quarter worth approximately $34,000. Vanguard Personalized Indexing Management LLC purchased a new position in Nine Energy Service during the second quarter worth approximately $31,000. Finally, XTX Topco Ltd purchased a new position in shares of Nine Energy Service in the second quarter valued at approximately $32,000. 57.61% of the stock is currently owned by hedge funds and other institutional investors.

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.