Nine Energy Service Inc (NINE) Stock Forecast & Predictions

Nine Energy Service Inc NINE: $1.91

2001 Kirby Dr Ste 200, Houston, Texas, US. | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://nineenergyservice.com/

  • Market Cap$0.07B
  • Change (52 Weeks)133.39%
  • Low (52 Weeks)$0.75
  • Nine Energy Service Inc (NINE) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 12.50% are on Buy, 37.50% on Sell, and 50.00% Neutral.

    According to the market data, Nine Energy Service Inc (NINE) stock price is $1.91 and the 52 weeks low is $0.75, which means the Nine Energy Service Inc stock price is up 133.39% in the last 12 months.

    Nine Energy Service Inc (NINE) Stock Price has been Trending Strongly with an ADX reading of 31.10 as per the Weekly Chart.

    A Upward trend indicates that Nine Energy Service Inc (NINE) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 12.50% are indicating that NINE Stock price might rise further, 37.50% indicating that NINE Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall NINE stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Nine Energy Service Inc (NINE) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Nine Energy Service Inc (NINE) is based on 11 Institutional Analyst Ratings where 0.00% are on Strong Buy, 0.00% on Moderate Buy, 63.64% remains on Hold, 18.18% are on Moderate Sell and 18.18% are on Strong Sell.

    Out of 11 Institutional Analysts, majority recommended NINE stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Nine Energy Service Inc.

    Nine Energy Service Inc (NINE) Stock Price Prediction By Analysts


    HighLowAverage
    $3.94$1.01$2.49
    $2.4930.17% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for NINE set by the institutional analysts is $2.49 where High Estimate is $3.94, Median $2.55 and Low $1.01.

    The average price target for NINE by Institutional Analysts is $2.49, which is 30.17% Upside from the current price. So according to the Institutional Analysts, NINE Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Nine Energy Service Inc (NINE) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 385,350 investor portfolio.

    Our algorithm has analysed 385,350 investor portfolio with NINE stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about NINE and holding their positions hoping for a further rise in the stock price and more profit.

    Nine Energy Service Inc (NINE) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    CitigroupNeutralUpgraded
    Piper SandlerNeutralDowngraded
    CitigroupSellMaintained
    Wells FargoUnderweightDowngraded
    Raymond JamesMarket PerformDowngraded
    JP MorganNeutralDowngraded
    Wells FargoEqual-WeightMaintained
    Credit SuisseNeutralDowngraded
    Bank of AmericaUnderperformMaintained
    Bank of AmericaUnderperformDowngraded
    Wells FargoMarket PerformDowngraded
    CitigroupBuyMaintained
    Bank of AmericaNeutralDowngraded
    CitigroupBuyMaintained
    Wells FargoOutperformMaintained
    Raymond JamesStrong BuyMaintained
    Goldman SachsBuyInitiated
    Raymond JamesStrong BuyMaintained
    Tudor PickeringBuyUpgraded
    CitigroupBuyInitiated
    Raymond JamesStrong BuyMaintained
    JP MorganOverweightMaintained
    Raymond JamesStrong BuyMaintained
    Credit SuisseOutperformMaintained
    JP MorganOverweightMaintained
    Credit SuisseOutperformMaintained
    Raymond JamesStrong BuyInitiated
    PiperJaffrayOverweightInitiated
    JP MorganOverweightInitiated
    Goldman SachsBuyInitiated
    Credit SuisseOutperformInitiated
    Bank of AmericaBuyInitiated

    Nine Energy Service Inc (NINE) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.593
    The average consensus EPS for NINE is $-0.593 with a high estimate of $-0.383 and Low of $-0.666 for the period 2021-06-30 and based on 8 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-1.13$-0.91260422020-09-30


    The latest average Earning Per Share Estimate for Nine Energy Service Inc is $-0.59, which is higher than NINE's last EPS, $-1.13. This means that Analysts are expecting Nine Energy Service Inc to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Nine Energy Service Inc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $-1.13$-0.91260422020-09-30
    $-1.13$-1.01681762020-06-30
    $-0.51$-0.3771452020-03-31
    $-0.49$-0.485856599999999972019-12-31
    $-0.22$-0.25227662019-09-30
    $0.26$0.257552019-06-30
    $0.28$0.22836782019-03-31
    $0.68$0.49687262018-12-31
    $0.56$0.57338282018-09-30
    $0.53$0.36763862018-06-30
    $0.28$0.094862018-03-31
    $0.47$-0.24140342017-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).