Wall Street is neutral on Nine Energy Service Inc (NINE). On average, analysts give Nine Energy Service Inc a Sell rating. The average price target is $2.19, which means analysts expect the stock to increase by 7.88% over the next twelve months.
That average ranking earns Nine Energy Service Inc an Analyst Rating of 3, which is better than 3% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Nine Energy Service Inc Stock Today?
Nine Energy Service Inc (NINE) stock is trading at $2.03 as of 1:42 PM on Wednesday, Jun 24, a drop of -$0.26, or -11.35% from the previous closing price of $2.29. The stock has traded between $2.00 and $2.23 so far today. Volume today is less active than usual. So far 233,139 shares have traded compared to average volume of 625,939 shares.
