Nine Energy Service (NINE) AI Stock Analysis

• Market Cap: $26.68M
• Dividend Yield: N/A
• Average Volume (3M): 803.92K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.56
• Revenue Growth: 3.23%
• EPS Growth: 31.76%
• Country: US
• Employees: 1,077
• Sector: Energy
• Sector Strength: 41
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.25
• Shares Outstanding: 43,340,550
• 10 Day Avg. Volume: 600,839
• 30 Day Avg. Volume: 803,923
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 14.12
• Enterprise Value/Revenue: 0.65
• Enterprise Value/Gross Profit: 5.41
• Enterprise Value/Ebitda: 5.77
• 1Y Price Target: $0.50
• Price Target Upside: -21.88% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 39 Underperform
• Price Target: $0.50 ▼(-21.88% Downside)

Nine Energy Service's overall stock score is primarily impacted by its weak financial performance and concerning valuation metrics. Technical indicators also suggest bearish momentum. While the earnings call provided some positive insights, the overall sentiment remains cautious due to significant operational and market challenges.

Nine Energy Service Business Overview & Revenue Model

Company Description

Nine Energy Service, Inc. operates as an onshore completion services provider that targets unconventional oil and gas resource development across North American basins and internationally. It offers cementing services, which consist of blending high-grade cement and water with various solid and liquid additives to create a cement slurry that is pumped between the casing and the wellbore of the well. The company also provides a portfolio of completion tools, such as liner hangers and accessories, fracture isolation packers, frac sleeves, stage one prep tools, frac plugs, casing flotation tools, specialty open hole float equipment, disk subs, composite cement retainers, and centralizers that provide pinpoint frac sleeve system technologies. In addition, it offers wireline services consisting of plug-and-perf completions, which is a multistage well completion technique for cased-hole wells that consists of deploying perforating guns and isolation tools to a specified depth; and coiled tubing services, which perform wellbore intervention operations utilizing a continuous steel pipe that is transported to the wellsite wound on a large spool in lengths of up to 30,000 feet. The company was formerly known as NSC-Tripoint, Inc. and changed its name to Nine Energy Service, Inc. in October 2011. Nine Energy Service, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.

How the Company Makes Money

Nine Energy Service generates revenue through multiple key streams. The primary source of income comes from its hydraulic fracturing services, which are billed based on the volume of services rendered and the complexity of the operations. Additional revenue is derived from its wireline services, which include logging and completion operations essential for assessing and developing oil and gas wells. The company also engages in long-term contracts with major exploration and production companies, providing a stable revenue base. Significant partnerships with energy producers and strategic alliances enhance its market position and contribute to sustained earnings. Market dynamics, such as oil and gas prices, directly impact the demand for Nine's services, influencing overall revenue performance.

Nine Energy Service Financial Statement Overview

Summary

Nine Energy Service is facing challenges with profitability and financial stability. Despite some improvements in cost management, the company remains under pressure due to high leverage and negative equity. Cash flow generation is a relative bright spot, but overall financial health requires significant improvement.

Income Statement

Nine Energy Service has shown a volatile revenue trend with a recent decline, and consistent net losses impacting net profit margins negatively. However, the gross profit margin has been improving, indicating better cost management. The EBIT and EBITDA margins show some recovery, but remain weak overall.

Balance Sheet

The company is heavily leveraged with a negative stockholders' equity, indicating financial instability and risk. The debt-to-equity ratio is not meaningful due to negative equity, and the equity ratio is negative as well. These factors highlight significant financial vulnerability.

Cash Flow

Operating cash flow has been positive recently, showing some operational efficiency. However, free cash flow remains low, which limits reinvestment potential. The free cash flow to net income ratio indicates some alignment between cash flows and reported earnings, but overall cash flow stability is concerning.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	577.30M	554.10M	609.53M	593.38M	349.42M	310.85M
Gross Profit	69.64M	60.60M	78.12M	96.04M	-3.59M	-40.20M
EBITDA	65.31M	60.47M	72.67M	96.34M	20.97M	-286.85M
Net Income	-36.44M	-41.08M	-32.21M	14.39M	-64.58M	-378.95M
Balance Sheet
Total Assets	361.17M	360.08M	401.98M	426.83M	381.61M	442.60M
Cash, Cash Equivalents and Short-Term Investments	17.75M	27.88M	30.84M	17.45M	21.51M	68.86M
Total Debt	362.88M	358.79M	366.32M	377.80M	372.07M	384.25M
Total Liabilities	442.90M	426.14M	437.61M	450.34M	420.88M	422.19M
Stockholders Equity	-81.74M	-66.06M	-35.63M	-23.51M	-39.27M	20.41M
Cash Flow
Free Cash Flow	-2.54M	-1.57M	20.91M	-11.88M	-55.83M	-14.32M
Operating Cash Flow	13.95M	13.20M	45.51M	16.67M	-40.42M	-4.90M
Investing Cash Flow	-15.83M	-14.18M	-23.16M	-25.42M	-11.92M	-1.78M
Financing Cash Flow	-6.43M	-1.68M	-8.89M	4.85M	5.05M	-17.39M

Nine Energy Service Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.64
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NINE, the sentiment is Negative. The current price of 0.64 is below the 20-day moving average (MA) of 0.71, below the 50-day MA of 0.76, and below the 200-day MA of 0.99, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 39.74 is Neutral, neither overbought nor oversold. The STOCH value of 30.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NINE.

Nine Energy Service Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NCSM	81 Outperform	$81.18M	6.70	12.76%	―	19.15%	-71.62%
Sector *	65 Neutral	$14.84B	8.62	2.77%	5.45%	4.51%	-62.52%
DTI	56 Neutral	$74.74M	26.47	-4.23%	―	9.74%	-132.61%
SND	49 Neutral	$81.46M	104.40	0.33%	―	3.43%	-36.73%
KLXE	41 Neutral	$32.65M	―	-375.26%	―	-13.29%	-106.14%
DWSN	41 Neutral	$40.36M	―	-38.69%	―	-38.69%	-30.53%
NINE	39 Underperform	$26.68M	―	73.91%	―	3.23%	31.76%

Nine Energy Service Corporate Events

Nine Energy Service Board Changes Amidst Financial Challenges

On August 1, 2025, Mark E. Baldwin resigned from Nine Energy Service‘s Board of Directors, and Jerome (Joey) D. Hall joined the board the following day. Despite a challenging second quarter in 2025, marked by significant rig declines and pricing pressures due to falling commodity prices, Nine Energy Service reported revenues at the upper end of its guidance range, with a net loss of $10.4 million. The company saw a 9% increase in Completion Tool revenue and an 11% rise in Wireline revenue quarter over quarter, driven by international sales and efficient operations. Nine Energy Service is focused on expanding its market share and international business while managing costs, anticipating a decline in Q3 revenue and earnings.