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Nine Energy Service (NINE.Q) 주식 개요
는 북미 분지 및 전 세계에서 비전통 석유 및 가스 자원 개발을 목표로 하는 육상 완공 서비스 제공업체로 운영되고 있습니다. 자세히 보기
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Analyst Price Targets
Nine Energy Service, Inc. 경쟁사
가격 이력 및 성과
| 과거 주가 | |
|---|---|
| 현재 주가 | US$0.012 |
| 52주 최고가 | US$1.55 |
| 52주 최저가 | US$0.002 |
| 베타 | 2.48 |
| 1개월 변동 | -17.81% |
| 3개월 변동 | -97.53% |
| 1년 변동 | -98.90% |
| 3년 변동 | -99.84% |
| 5년 변동 | -99.63% |
| IPO 이후 변동 | -99.90% |
최근 뉴스 및 업데이트
Recent updates
분석 기사 • Nov 27
Nine Energy Service (NYSE:NINE) Is Doing The Right Things To Multiply Its Share Price
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...분석 기사 • Jun 30
The Return Trends At Nine Energy Service (NYSE:NINE) Look Promising
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
새로운 내러티브 • Apr 11
Technology Advancements And Cementing Division Will Ensure Success
Cost-cutting measures and market share gains are set to drive future margin expansion and profitability for Nine Energy Service.분석 기사 • Feb 28
Returns On Capital At Nine Energy Service (NYSE:NINE) Paint A Concerning Picture
What financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...분석 기사 • Jan 06
Nine Energy Service, Inc. (NYSE:NINE) Screens Well But There Might Be A Catch
Nine Energy Service, Inc.'s ( NYSE:NINE ) price-to-sales (or "P/S") ratio of 0.1x may look like a pretty appealing...분석 기사 • Nov 08
Nine Energy Service (NYSE:NINE) Will Be Hoping To Turn Its Returns On Capital Around
When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...분석 기사 • Jul 24
Investors Still Aren't Entirely Convinced By Nine Energy Service, Inc.'s (NYSE:NINE) Revenues Despite 31% Price Jump
Nine Energy Service, Inc. ( NYSE:NINE ) shareholders are no doubt pleased to see that the share price has bounced 31...분석 기사 • May 09
Lacklustre Performance Is Driving Nine Energy Service, Inc.'s (NYSE:NINE) 31% Price Drop
Nine Energy Service, Inc. ( NYSE:NINE ) shareholders won't be pleased to see that the share price has had a very rough...분석 기사 • Apr 08
Nine Energy Service (NYSE:NINE) Hasn't Managed To Accelerate Its Returns
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...분석 기사 • Jan 05
Nine Energy Service, Inc.'s (NYSE:NINE) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Those holding Nine Energy Service, Inc. ( NYSE:NINE ) shares would be relieved that the share price has rebounded 27...분석 기사 • Oct 03
A Look At The Fair Value Of Nine Energy Service, Inc. (NYSE:NINE)
Key Insights Nine Energy Service's estimated fair value is US$3.00 based on 2 Stage Free Cash Flow to Equity Nine...Seeking Alpha • Sep 12
Nine Energy Service Bonds Offering Attractive 16% Yield
Summary Nine Energy Service 2028 maturing notes are offering a price of 91 cents on the dollar with a yield to maturity of 15.9%. The company has experienced mixed financial performance, with increased revenue and expenses, resulting in losses before taxes. Despite the challenges, Nine Energy is generating positive free cash flow and aims to improve its debt structure. Read the full article on Seeking AlphaSeeking Alpha • Jul 11
Nine Energy Service: Successfully Refinanced Its Debt, And Trades Undervalued
Summary Nine Energy Service has successfully refinanced its debt and issued new equity, but the market has reacted negatively. The company's technological advantages, relationships with large oil and gas operators, and geographically diversified clients suggest potential for stock price growth. Despite competition from large and small companies, Nine Energy Service's effectiveness gives it an edge. Read the full article on Seeking Alpha분석 기사 • Apr 18
A Piece Of The Puzzle Missing From Nine Energy Service, Inc.'s (NYSE:NINE) Share Price
Nine Energy Service, Inc.'s ( NYSE:NINE ) price-to-earnings (or "P/E") ratio of 11.8x might make it look like a buy...Seeking Alpha • Jan 06
Nine Energy Service: A Deeper Correction Is Possible
Summary NINE's rapid rise has mirrored the de-risking in the credit market which no longer prices the company for bankruptcy. The valuation is now a bit too rich. The company filed a shelf offering so some dilution may be forthcoming. Insiders sold during the recent peak and short interest remains high. If the stock corrects, I may consider adding, but right now I see better value in other oilfield service names. Investment thesis Nine Energy Service (NINE) is a small oilfield services company that in theory could fit nicely with my energy macro thesis for 2023. The stock has also attracted a lot of interest from the retail investment community as it appreciated a whopping 300% in the last three months alone: Data by YCharts The stock price rise has mirrored the credit markets which have significantly de-risked the November 2023 bonds. While NINE has indeed made remarkable progress towards a 2023 refinancing, the stock price may have gotten a bit ahead of itself. Recent warning flags include a shelf registration, some insider selling and an increase in the short interest. Furthermore, NINE remains extremely volatile, so I wouldn't be surprised to see another significant correction after the multiple drawdowns we saw earlier in 2022: Data by YCharts If the stock corrects further, I may consider adding, but right now I see better value in other oilfield services names. Background Nine Energy has several oilfield offerings including completion tools on the product side and services including cementing, coiled tubing and wireline. The completion tools are actually largely from the 2018 acquisition of Magnum Oil Tools, a company that had been around for a while. Reportedly, NINE paid 10x EV/EBITDA for Magnum back then. The shale basins of most importance to NINE are the Permian, Haynesville and Marcellus: Nine Energy Q3 Presentation NINE posted strong Q3 results, with most improvement to the top- and bottom-line coming from better pricing on individual service jobs: Nine Energy Q3 Presentation On the tools side, NINE's focus have been the dissolvable plugs that were inherited from Magnum. These plugs are said to reduce the need for well interventions and provide other operational efficiencies for operators as well. On the financial side, annualized Q3 EBITDA is at a $130 million run-rate (based on management adjustments) and reflects 19% EBITDA margin. This is pretty good profitability for a small oilfield services player if it can be sustained. The 2023 bonds While NINE seems to run a reasonable business, the 2022 year has been entirely about the senior notes maturing this coming November, with Q3 outstanding balance of $307 million. The market didn't foresee a chance these notes could be refinanced and NINE was essentially priced for bankruptcy. Besides the April 2022 highs which weren't sustained, the more gradual upward move in the stock started only when the credit markets began repricing the refinancing risk: Author's calculations We went from 3000-4000 bps credit spreads for most of the year down to about 700 bps right now while the stock price went up from $2 to $14. The current stock move up should prove more durable than the blip back in April because now we also have validation from the bond market. The rating on the notes is still CCC, so we aren't completely out of the woods, but the narrowing of the credit spread was huge. The Q3 earnings were definitely a pivotal moment, but the risk repricing started earlier, after NINE resolved the potential delisting threat from the NYSE. On November 10th NINE got a $15.50 target at EF Hutton Acquisition Co., and, interestingly, on January 4th, just recently, it was given a $18 target by ATB Capital Markets, raising their prior target of $9.5. Valuation After the run up, NINE's valuation appears a bit too rich: Seeking Alpha Forward EV/EBITDA of 8.4x is a bit too much when the debt issue hasn't been definitely resolved. Based on the same Seeking Alpha screen, Baker Hughes (BKR) is trading at 10.5x forward EV/EBITDA. However, Baker has $28 billion market cap vs. $400 million for NINE. Potential headwinds While I am very bullish on oilfield services companies, there are several specific factors that should be considered in view of NINE. Business prospects Rig count growth is stalling, even in the Permian, which generally nowadays grows faster than most other U.S. shale basins: Data by YCharts Rig count is also flat in other places and tanking natural gas prices (NG1:COM) probably won't help NINE much in the Marcellus and Haynesville either. Some interesting comments of relevance for NINE were made by the Pioneer (PXD) CEO on January 5th: We have the Permian – about a year or two ago, I stated it was going to go to about 8 million barrels a day to 2030. The EIA has it at 5.5 million barrels of oil per day. We have lowered that to about 7 million by 2030. The reason we've lowered it is that people – obviously, the effects of moving to what I call stack development in both the Delaware and also in the Midland basin. And that's combining either the Bone Springs or the Sprayberry, depending on which basin you're in, the shallower formation with the Wolfcamp zones. It's better to drill four wells or six wells, all at the same time to get the best performance. Also, there is a lot of companies that are moving – they're running out of inventory. They are moving to tier two and tier three inventory. Also, I'll make a point. Chevron made a point recently that there were going to 1.2 million to 1.5 million barrels of oil equivalent per day by 2040. But the first time somebody put out a number that far, there's only three companies in my prediction that will be over 2030 in the Permian Basin over a million barrels of oil equivalent per day, that's Chevron, Conoco and Pioneer. They are the only three that have a inventory that deep, can take it over a million barrels of oil equivalent per day. Now what's going to happen over time. The gas/oil ratios in the entire Permian Basin will continue to go up. We're seeing that. You'll see the percent oil drop for all those companies, most likely below 50% over the next 10 years. And the gas itself will get up to about 30 BCF. We're going to need a gas pipeline, at least about every 18 months to two years going forward. This is one of the reasons I favor services companies with offshore or international exposure, but in any case it will be interesting to see how this plays out. It is possible that NINE has to continue growing more from pricing and less from volume as NINE CEO Ann Fox commented: Service line pricing drove the majority of Nine's growth this quarter evidenced in our strong incremental margin. Undersupply of both equipment and labor coupled with supply chain constraints has shifted pricing leverage back to service providers with customer [indiscernible] focused more on availability than just price. The problem I see is that inevitably NINE will have to share some of this better pricing with its oilfield employees and its own suppliers. So going above 20% EBITDA margins may prove difficult and NINE has its own capex to worry about too: Nine Energy Q3 Presentation Lastly, it will also be interesting to see how far NINE can go with its flagship dissolvable plug product. The company prides itself in having 22% of the growing market for these plugs: Nine Energy Q3 Presentation However, they conveniently omit the identity of competitors A, B and C. Well, I have some guesses who some of them might be. One is very likely NOV Inc. (NOV), an $8 billion market cap company with very broad oilfield offerings. Another one is no one else but Schlumberger (SLB), the $70 billion gorilla in the oilfield space. With my finance background, I am far from the best person to evaluate how NINE's plug compares technologically its competitors' products, but I think that as a general rule larger companies have more means to push through their tool, especially when they can cross-sell by leveraging their broader product portfolio. And if NINE's plugs were truly unique, SLB would probably have already bought out the entire company already, as they have done multiple times in the past when seeking to acquire a technological competency they may have lacked. Dilution threat There is also the reminder that what is good for bondholders is not always good for the shareholders. NINE' stock price is still below its 2018 highs but the number of shares outstanding has also grown: Data by YCharts NINE's shelf registration statement that was just filed on December 23rd suggests the company may offer up to $350,000,000 in securities, which in theory could include common stock (which would make bondholders happy). Maybe the company is preparing to issue new debt to refinance the 2023 notes, but until some communication comes out that clarifies their plans, I would thread cautiously. The shelf offering announcement did already skim 10%-15% off the stock price already, but more could be on the way if the dilution gets anywhere close to the full amount in the prospectus. To be fair, many companies may file these registrations just in case, without definite plans, but again some communication from management would be important. Insider sales A major shareholder who owns more than 10% of the company and is classified as an insider has been selling shares in December. According to the linked article from ETF Daily News, Warren Lynn Frazier sold 300,000 shares at an average price of $12.34, for a total value of $3.7 million, on December 22nd.Seeking Alpha • Nov 16
Even After The Words Of Biden, Nine Energy Is Undervalued
Summary Nine Energy Service, Inc. is a service provider for the unconventional oil and gas industry in North America and abroad. Even considering the words from Biden about the new rules of the oil and gas industry, the company’s total amount of debt, and other risks, Nine Energy appears quite undervalued. Let’s note that the Board of Directors includes personnel that are sitting on the Board of Directors of large companies. Nine Energy Service, Inc. (NINE) saw an increase in its shares in the open market after the company delivered a recent quarterly report. The company seems to benefit from the increase in the price of oil and gas, and stock market analysts recently noted very beneficial expectations about NINE's business model. Under my own discounted free cash flow models, I obtained a valuation of close to $13.69 per share, which is higher than the current stock price. The total amount of debt appears substantial. However, with sufficient free cash flow generation, I believe that the debt does not seem to be a problem. Nine Energy Has Ties With Many Actors In The Oil And Gas Industry Nine Energy Service, Inc. is a service provider for the unconventional oil and gas industry in North America and abroad. Nine's specialization includes horizontal, multistage wells for production, cementing, wireline, and coiled tubing services among many other applications. Let's note that the Board of Directors includes personnel that are sitting on the Board of Directors of large companies. It means that the directors of Nine Energy will be able to bring contracts with relevant actors in the industry. Mr. Baldwin has served as a Director of the Company since February 28, 2017, and served on Beckman Production Services, Inc.'s board of directors prior to its merger with and into the Company on that date. He currently serves on the Board of Directors of Select Energy Services, Inc. (WTTR) and Oil Patch Group, Inc. Source: Board of Directors - Corporate Governance | Nine Energy Service Mark Baldwin has served as a Director of the Company since May 10, 2013. Mr. Baldwin has been a Director of KBR, Inc. (KBR), since October 3, 2014, and Director of TETRA Technologies, Inc. (TTI), since January 16, 2014. Source: Board of Directors - Corporate Governance | Nine Energy Service Analysts Expect Sales Growth Of 69% In 2022 and 20% In 2023 I believe that the expectations from analysts are quite beneficial. For 2024, analysts forecasted that with 2024 net sales of $820 million and a growth of 15.01%, EBITDA would stand at $173 million with an EBITDA margin of 21.10%. Source: Marketscreener.com 2024 operating profit would be close to $132 million with an operating margin of 16% and a pre tax profit of $99.1 million. Finally, net income would be close to $98 million with a free cash flow of $97.9 million and FCF margin of 11.94%. Balance Sheet As of September 30, 2022, with cash and cash equivalents of $21.490 million in addition to accounts receivable of $103.881 million, Nine Energy's inventories were $52.959 million. Besides, total current assets were equal to almost $189 million. Considering that the amount of current liabilities is close to $102 million, I believe that Nine Energy will likely not face any liquidity crisis any time soon. Non-current assets include property and equipment worth $75.6 million, operating lease right of use assets of $35.934 million, and intangible assets of $105.840 million. Finally, the total assets are worth $407 million. Let's note that the asset/liability ratio is under one, which most investors may not appreciate. Source: 10-Q The liabilities include accounts payable of $38.145 million, accrued expenses of $29.374 million, and a current portion of long term debt worth $27.281 million. With a current portion of operating lease obligations of $7.438 million, the total current liabilities were equal to $102.658 million. Long term debt stands at $305 million with long term operating lease obligations of $29.612 and total liabilities of $439.560 million. If we keep in mind that the company's 2024 EBITDA is expected to be close to $173 million, the debt close to $333 million does not seem that significant. Source: 10-Q My Conservative Case Scenario Implies A Fair Price Of $13.69 Per Share With clients in Norway, I believe that most clients are located in the United States. With this in mind, in my view, internationalization may bring significant revenue growth in the coming years. Source: Company's Website According to the most recent quarterly report, Nine Energy usually signs Master Service Agreements with customers. With this in mind, I believe that the level of customization and service to each client requires a lot of attention. It means that Nine Energy will likely develop great connections with many clients in the industry. We typically enter into a Master Service Agreement with each customer that provides a framework of general terms and conditions of our services that will govern any future transactions or jobs awarded to us. Each specific job is obtained through competitive bidding or as a result of negotiations with customers. The rate we charge is determined by location, complexity of the job, operating conditions, duration of the contract, and market conditions. Source: 10-Q Under normal circumstances, I believe that the repurchase program that Nine Energy is running will likely bring demand for the stock. Keep in mind that the company acquired 0.122 million shares only in September 2022. More shares repurchased will likely reduce the cost of equity, which may enhance Nine's fair price. Source: 10-Q Under the previous conditions, I designed the following discounted model. 2030 net sales are expected to be close to $914 million with sales growth of 8%, in addition to an EBITDA of $128 million and an EBITDA margin of 14%. I foresee FCF of $82 million with an FCF/sales of 9%. If we also include an EV/EBITDA of 12x, the exit term would be $1.53 billion. The sum of free cash flow discounted with a WACC of 14% implied $766.43 million. If we also include debt of $333 million and cash of $21 million, the equity would be $454.92 million. Finally, the internal rate of return would stand at 5.73% with a fair price of $13.69 per share. Source: Bersit's DCF Model Under Very Bearish Conditions, I Believe That The Fair Price May Reach $8.095 Per Share주주 수익률
| NINE.Q | US Energy Services | US 시장 | |
|---|---|---|---|
| 7D | -3.2% | 1.1% | 1.1% |
| 1Y | -98.9% | 91.6% | 28.7% |
수익률 대 산업: NINE.Q은 지난 1년 동안 91.6%의 수익을 기록한 US Energy Services 산업보다 저조한 성과를 냈습니다.
수익률 대 시장: NINE.Q은 지난 1년 동안 28.7%를 기록한 US 시장보다 저조한 성과를 냈습니다.
주가 변동성
| NINE.Q volatility | |
|---|---|
| NINE.Q Average Weekly Movement | 68.7% |
| Energy Services Industry Average Movement | 7.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.5% |
| 10% least volatile stocks in US Market | 3.1% |
안정적인 주가: NINE.Q의 주가는 지난 3개월 동안 US 시장보다 변동성이 컸습니다.
시간에 따른 변동성: NINE.Q의 주간 변동성은 지난 1년간 37%에서 69%로 증가했습니다.
회사 소개
| 설립 | 직원 수 | CEO | 웹사이트 |
|---|---|---|---|
| 2011 | 1,077 | Ann Fox | nineenergyservice.com |
는 북미 분지 및 전 세계의 비전통 석유 및 가스 자원 개발을 목표로 하는 육상 완공 서비스 제공업체로 운영되고 있습니다. 이 회사는 고급 시멘트와 물을 다양한 고체 및 액체 첨가제와 혼합하여 시멘트 슬러리를 만들어 유정의 케이싱과 시추공 사이에 펌핑하는 등 시멘팅 서비스를 제공합니다. 또한 라이너 행거 및 액세서리, 파쇄 격리 패커, 프랙 슬리브, 1단계 준비 도구, 케이싱 부양 도구, 특수 오픈 홀 플로트 장비, 디스크 서브, 복합 시멘트 리테이너, 프랙 슬리브 시스템 기술을 제공하는 센트럴라이저 등 오픈 홀 및 시멘트 완공 도구 제품도 제공합니다.
Nine Energy Service, Inc. 기초 지표 요약
| NINE.Q 기초 통계 | |
|---|---|
| 시가총액 | US$455.29k |
| 순이익 (TTM) | -US$51.32m |
| 매출 (TTM) | US$561.91m |
0.0x
주가매출비율(P/S)0.0x
주가수익비율(P/E)NINE.Q는 고평가되어 있습니까?
공정 가치 및 평가 분석 보기순이익 및 매출
| NINE.Q 손익계산서 (TTM) | |
|---|---|
| 매출 | US$561.91m |
| 매출원가 | US$467.36m |
| 총이익 | US$94.55m |
| 기타 비용 | US$145.87m |
| 순이익 | -US$51.32m |
최근 보고된 실적
Dec 31, 2025
다음 실적 발표일
해당 없음
| 주당순이익(EPS) | -1.18 |
| 총이익률 | 16.83% |
| 순이익률 | -9.13% |
| 부채/자본 비율 | -302.6% |
NINE.Q의 장기 실적은 어땠습니까?
과거 실적 및 비교 보기기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2026/03/05 17:27 |
| 종가 | 2026/03/05 00:00 |
| 수익 | 2025/12/31 |
| 연간 수익 | 2025/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
| |
| 분석가 컨센서스 추정치 | +3년 |
|
|
| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
| |
| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
|
* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.
분석 모델 및 스노우플레이크
이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.
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산업 및 섹터 지표
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분석가 소스
Nine Energy Service, Inc.는 7명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Chase Mulvehill | BofA Global Research |
| Waqar Syed | Goldman Sachs |
| Sean Meakim | J.P. Morgan |