Could Nine Energy Service, Inc. (NINE) Skyrocket Even More? The Stock Just Made All-Time High

April 16, 2018 - By Clifton Ray

The stock of Nine Energy Service, Inc. (NYSE:NINE) reached all time high today, Apr, 16 and still has $29.93 target or 5.00 % above today’s $28.50 share price. This indicates more upside for the $680.40M company. This technical setup was reported by Barchart.com. If the $29.93 PT is reached, the company will be worth $34.02 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.25% or $0.07 during the last trading session, reaching $28.5. About 108,318 shares traded. Nine Energy Service, Inc. (NYSE:NINE) has 0.00% since April 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Nine Energy Service, Inc. operates as an onshore completion and production services well-known provider that targets unconventional gas and oil resource development in North America. The company has market cap of $680.40 million. It operates in two divisions, Completion Solutions and Production Solutions. It currently has negative earnings. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, fracture isolation packers, frac sleeves, stage one prep tools, fully composite frac plugs, and specialty open hole float equipment and centralizers; a portfolio of completion technologies; wireline services; and coiled tubing services.

Nine Energy Service, Inc. (NYSE:NINE) Ratings Chart

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