An update from Nine Energy Service ( (NINE) ) is now available.
In the first quarter of 2025, Nine Energy Service’s Board of Directors decided to reduce its size from eight to six members, resulting in the resignation of three directors and the appointment of two new ones, effective March and May 2025. The company reported a 2% increase in Q4 2024 revenue despite a flat US rig count, with full-year revenue of $554.1 million. Nine’s strategic focus on market share gains and cost reductions helped drive profitability amid challenging conditions, with significant growth in cementing revenue and continued innovation in completion tools.
More about Nine Energy Service
Nine Energy Service is an oilfield services company that provides completion solutions in North America and internationally. The company is known for its commitment to delivering customized solutions, superior service quality, and innovative technology to the global oil and gas industry. Headquartered in Houston, Texas, Nine operates in key regions including the Permian, Eagle Ford, Haynesville, and several others.
YTD Price Performance: -14.63%
Average Trading Volume: 1,743,683
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $44.48M
Learn more about NINE stock on TipRanks’ Stock Analysis page.