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Nine Energy Service Begins Prepackaged Chapter 11 Restructuring
TipRanks (Mon, 2-Feb 6:31 AM ET)
Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in one segment, Completion Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. It operates in the U.S, Canada, and other countries where majority of the revenue is generated from the United States.
Nine Energy Service trades on the NYSE stock market under the symbol NINE.
As of February 6, 2026, NINE stock price was flat at $0.59 with million shares trading.
NINE has a beta of 0.67, meaning it tends to be less sensitive to market movements. NINE has a correlation of 0.01 to the broad based SPY ETF.
NINE has a market cap of $25.41 million. This is considered a Sub-Micro Cap stock.
Last quarter Nine Energy Service reported $132 million in Revenue and -$.35 earnings per share. This fell short of revenue expectation by $-7 million and missed earnings estimates by -$.05.
In the last 3 years, NINE traded as high as $12.55 and as low as $.29.
The top ETF exchange traded funds that NINE belongs to (by Net Assets): VTI, VXF.
NINE has underperformed the market in the last year with a return of -49.0%, while the SPY ETF gained +15.4%. In the last 3 month period, NINE fell short of the market, returning -3.9%, while SPY returned +2.1%. However, in the most recent 2 weeks NINE has outperformed the stock market by returning +28.0%, while SPY returned +0.1%.
NINE support price is $.53 and resistance is $.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NINE shares will trade within this expected range on the day.