Nine Energy Service (NINE) AI Stock Analysis

• Market Cap: $30.04M
• Dividend Yield: N/A
• Average Volume (3M): 645.32K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: 3.23%
• EPS Growth: 31.76%
• Country: US
• Employees: 1,077
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.25
• Shares Outstanding: 43,340,550
• 10 Day Avg. Volume: 610,901
• 30 Day Avg. Volume: 645,324
• PEG Ratio: -0.07
• Price to Book (P/B): -0.63
• Price to Sales (P/S): 0.08
• P/FCF Ratio: -26.55
• Enterprise Value/Market Cap: 12.54
• Enterprise Value/Revenue: 0.65
• Enterprise Value/Gross Profit: 5.41
• Enterprise Value/Ebitda: 5.77
• 1Y Price Target: $0.50
• Price Target Upside: -27.54% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: $0.50 ▼(-27.54% Downside)

The overall stock score reflects significant financial challenges, including negative profitability and high leverage, which are the most impactful factors. Technical analysis provides a mixed outlook, while valuation metrics are weak due to ongoing losses. The earnings call highlighted both achievements and challenges, but its impact is neutralized in the overall score.

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 faces financial challenges with negative profitability and high leverage. While there is some revenue growth, the company struggles with operational efficiency and cash flow generation. The balance sheet's negative equity and high debt levels pose significant financial risks, requiring strategic improvements to stabilize and enhance financial health.

Income Statement

Nine Energy Service shows modest revenue growth in the TTM period, with a 2.64% increase. However, profitability remains a concern with negative net profit margins and declining gross profit margins over time. The EBIT and EBITDA margins are low, indicating challenges in operational efficiency and cost management.

Balance Sheet

The company's balance sheet is under pressure with negative stockholders' equity, leading to a high and negative debt-to-equity ratio. This indicates significant leverage and financial risk. Return on equity is volatile, reflecting inconsistent profitability and potential challenges in generating shareholder value.

Cash Flow

Cash flow analysis reveals a negative free cash flow growth rate, indicating cash flow challenges. The operating cash flow to net income ratio is positive but low, suggesting limited cash generation relative to net income. The free cash flow to net income ratio is negative, highlighting cash flow constraints.

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: Positive
• Last Price: 0.69
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NINE, the sentiment is Positive. The current price of 0.69 is above the 20-day moving average (MA) of 0.68, above the 50-day MA of 0.68, and below the 200-day MA of 0.90, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.28 is Neutral, neither overbought nor oversold. The STOCH value of 64.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NINE.

Nine Energy Service Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NCSM	73 Outperform	$134.87M	11.13	11.84%	―	19.15%	-71.62%
DTI	61 Neutral	$83.80M	-18.43	-3.72%	―	9.74%	-132.61%
SND	49 Neutral	$93.22M	117.58	0.33%	―	3.43%	-36.73%
DWSN	47 Neutral	$56.82M	-7.28	-47.38%	―	-38.69%	-30.53%
KLXE	46 Neutral	$36.13M	-0.50	149.58%	―	-13.29%	-106.14%
NINE	45 Neutral	$30.04M	―	73.91%	―	3.23%	31.76%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

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.