Nine Energy Service, Inc. (NYSE:NINE) Insider Sells $741,332.44 in Stock

Nine Energy Service, Inc. (NYSE:NINE – Get Rating) insider David Crombie sold 107,284 shares of Nine Energy Service stock in a transaction on Friday, March 10th. The stock was sold at an average price of $6.91, for a total value of $741,332.44. Following the transaction, the insider now directly owns 281,712 shares of the company’s stock, valued at $1,946,629.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nine Energy Service Stock Down 0.2 %

NYSE NINE opened at $6.44 on Wednesday. Nine Energy Service, Inc. has a fifty-two week low of $2.03 and a fifty-two week high of $17.10. The stock has a market cap of $223.60 million, a price-to-earnings ratio of 14.98 and a beta of 3.43. The business has a fifty day moving average of $11.65 and a 200-day moving average of $8.46.

Analysts Set New Price Targets

Separately, EF Hutton Acquisition Co. I reissued a “buy” rating and issued a $18.00 price target on shares of Nine Energy Service in a report on Monday, January 23rd.

Institutional Investors Weigh In On Nine Energy Service

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its position in shares of Nine Energy Service by 1,936.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,711 shares of the company’s stock valued at $25,000 after purchasing an additional 1,627 shares during the period. Dorsey Wright & Associates purchased a new stake in shares of Nine Energy Service in the fourth quarter valued at $73,000. State of Wyoming purchased a new stake in shares of Nine Energy Service in the fourth quarter valued at $84,000. Prudential Financial Inc. purchased a new stake in shares of Nine Energy Service in the second quarter valued at $30,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Nine Energy Service in the fourth quarter valued at $176,000. Hedge funds and other institutional investors own 52.61% of the company’s stock.

About Nine Energy Service

(Get Rating)

Nine Energy Service, Inc is an oilfield services business, which engages in the provision of services integral to the completion of unconventional wells. It offers cementing services, completion tools, wireline services, and coiled tubing services. The company was founded on September 26, 2011 and is headquartered in Houston, TX.