New insider activity at Nine Energy Service ( (NINE) ) has taken place on May 10, 2025.
Ann G Fox, the President, CEO, and Director of Nine Energy Service, has recently sold 22,624 shares of the company’s stock. This transaction was valued at $14,479.
Recent Updates on NINE stock
Nine Energy Service recently reported a 6% increase in revenue for Q1 2025, reaching $150.5 million, despite a stable U.S. rig count. The company improved its net loss by 20% and saw a 17% increase in adjusted EBITDA, driven by strategic market share gains and cost reductions. The cementing and coiled tubing divisions notably contributed to revenue growth, with the latter seeing a 16% rise. Nine Energy Service also enhanced its financial flexibility by securing a new $125 million asset-based revolving credit facility. However, the company faces challenges due to declining oil prices and increased tariff costs, which may impact future revenue and earnings. Additionally, Nine Energy Service received a noncompliance notice from the NYSE for its stock price falling below $1.00, prompting considerations for a reverse stock split to regain compliance. Despite these challenges, the company remains focused on executing its strategy and maintaining service quality.
Spark’s Take on NINE Stock
According to Spark, TipRanks’ AI Analyst, NINE is a Neutral.
Nine Energy Service’s overall score reflects significant financial risks due to high leverage and ongoing losses. While strategic initiatives and corporate restructuring provide some positive outlook, current valuation challenges and bearish technical analysis indicate ongoing risks.
To see Spark’s full report on NINE stock, click here.
More about Nine Energy Service
YTD Price Performance: -43.09%
Average Trading Volume: 695,850
Technical Sentiment Signal: Sell
Current Market Cap: $25.98M