Nine Energy Service Shares Surge 23.78% Amid Developments
By ATTN Desk · Editorial oversight: Sean Han
NINE ENERGY SERVICE INC (NYSE: NINE)
Introduction
Nine Energy Service, Inc. is a North American onshore completion and production services provider focusing on unconventional oil and gas resource development. Headquartered in Houston, Texas, the company designs and deploys downhole solutions and technology for horizontal, multistage wells. Nine provides completion services aimed at maximizing production levels and operational efficiencies across major U.S. and Canadian basins.
Corporate Structure
- Ticker: NINE
- Exchange: NYSE
- Headquarters: 2001 Kirby Dr, Suite 200, Houston, Texas 77019, US
- Employees: 1,001–5,000 (LinkedIn)
- Operating Facilities: Permian, Eagle Ford, MidCon, Rockies, Barnett, Bakken, Marcellus, Utica, and throughout Canada
- Established: 2013
Recent Developments and News
- Share Price Performance (2025-06-13):
- Closing Price: $0.7293
- Daily Change: +23.78%
- Volume: 1,952,974 shares
- SEC Filing (Form S-8, 2025-05-07): Registration of 3,900,000 additional shares under the 2011 Stock Incentive Plan to support employee benefit programs.
- SEC Filing (Form 10-Q, 2025-05-07): Reference to the quarterly performance ending March 31, 2025 (access the document for financial details).
- LinkedIn Highlights:
- May 2024: Coil Tubing Division received a Supplier Recognition Award from ConocoPhillips.
- Employee milestones: Recognitions presented to team members for long-term service.
- Product developments featuring Scorpion Composite Frac Plug and Frac Dart technologies.
- Technology Discussion: An article by Nick Pottmeyer featured in World Oil explores advanced frac plug technologies including Ball-in-Place, Ball Recovery, and Screenout Recovery, with examples from the Marcellus Shale case study.
Financial and Strategic Analysis
| Metric | Value |
|---|---|
| Market Cap (intraday) | $24.95 M |
| Average Daily Volume | 740,374 |
| 52-Week Range | $0.44 – $2.02 |
| Revenue (TTM) | $562.45 M |
| Net Income (TTM) | –$40.09 M |
| Diluted EPS (TTM) | –1.05 |
| Price/Sales (TTM) | 0.04 |
| Enterprise Value/Revenue | 0.65 |
| Enterprise Value/EBITDA | 6.04 |
| Total Cash (mrq) | $17.27 M |
| Levered Free Cash Flow (TTM) | $31.96 M |
| Beta (5Y Monthly) | 2.51 |
- Employee Incentives: The Form S-8 filing indicates a focus on talent development and retention through equity-based compensation.
- Operational Strategy: Investments in downhole technologies are aimed at improving efficiency and reducing costs in multi-stage fracturing.
- Liquidity Position: Cash reserves and positive free cash flow support ongoing investments in service lines.
Market Position and Industry Context
- Service Offerings: Cementing, completion tools, wireline services, and specialized downhole technologies designed for complex multi-stage lateral wells.
- Geographic Coverage: Operations span all major North American onshore basins, allowing close collaboration with key operators.
- Competitive Positioning: Emphasis on innovative technology, including dissolvable frac plugs and composite tools, alongside a performance-oriented culture.
- Industry Environment: Companies in the sector are focused on reducing costs and managing risks amid fluctuating commodity prices and changing regulatory landscapes.
TL;DR
- On June 13, 2025, shares of Nine Energy Service closed at $0.7293, representing an increase of 23.78%, with a trading volume of 1.95 million.
- The Form S-8 filed on May 7, 2025, registers 3.9 million shares for employee incentive programs.
- The Q1 2025 performance is included in the referenced Form 10-Q.
- Expected earnings reporting window: August 4–8, 2025.
- Analyst one-year target estimate: $0.75.
- Award recognition received for the Coil Tubing Division from ConocoPhillips in May 2024.