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Nine Energy (NINE) Surges: Stock Moves 5.6% Higher

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Nine Energy Service, Inc. NINE was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 17.1% in the past one-month time frame.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Nine Energy. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Nine Energy currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.

Nine Energy Service, Inc. Price

Nine Energy Service, Inc. Price | Nine Energy Service, Inc. Quote

Investors interested in the Oil and Gas - Field Services industry may consider Newpark Resources, Inc. NR, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is NINE going up? Or down? Predict to see what others think:Up or Down

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