In a report issued on August 16, Bill Herbert from Piper Jaffray reiterated a Buy rating on Nine Energy Service Inc (NYSE: NINE), with a price target of $40. The company’s shares closed yesterday at $29.71.
According to TipRanks.com, Herbert is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -5.0% and a 39.5% success rate. Herbert covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Schlumberger Limited, and National-Oilwell.
Nine Energy Service Inc has an analyst consensus of Moderate Buy, with a price target consensus of $40.
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The company has a one-year high of $39.25 and a one-year low of $22.23. Currently, Nine Energy Service Inc has an average volume of 183.9K.
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Nine Energy Service, Inc. operates as an oilfield services company, which provides completion, wireline, and cementing solutions. It offers a geographical footprint in the basins that count and the full range of conventional and unconventional completions, wireline, and cementing services. The company was founded in 2011 and is headquartered in Houston, TX.
