In a report released today, Ignacio Bernaldez from EF Hutton reiterated a Buy rating on Nine Energy Service (NINE – Research Report), with a price target of $18.00. The company’s shares closed last Friday at $14.83.
Bernaldez covers the Industrial Goods sector, focusing on stocks such as Nine Energy Service, Superior Drilling Products, and Pedevco. According to TipRanks, Bernaldez has an average return of 11.6% and a 50.00% success rate on recommended stocks.
Currently, the analyst consensus on Nine Energy Service is a Moderate Buy with an average price target of $18.00.
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The company has a one-year high of $17.10 and a one-year low of $0.91. Currently, Nine Energy Service has an average volume of 1.83M.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NINE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Nine Energy Service, Inc. operates as an oilfield services company, which provides completion, wireline, and cementing solutions. It offers a geographical footprint in the basins that count and the full range of conventional and unconventional completions, wireline, and cementing services. The company was founded in 2011 and is headquartered in Houston, TX.
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