28,800 Shares in Nine Energy Service, Inc. (NYSE:NINE) Acquired by Prudential Financial Inc.

Prudential Financial Inc. purchased a new position in shares of Nine Energy Service, Inc. (NYSE:NINE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,800 shares of the company’s stock, valued at approximately $32,000.

Separately, Essex Investment Management Co. LLC purchased a new stake in shares of Nine Energy Service during the 4th quarter valued at $127,000. Hedge funds and other institutional investors own 57.61% of the company’s stock.

Nine Energy Service Stock Down 1.5 %

NINE stock opened at $0.81 on Friday. The company has a market cap of $34.30 million, a price-to-earnings ratio of -0.67 and a beta of 3.10. The business has a fifty day simple moving average of $1.13 and a 200-day simple moving average of $1.18. Nine Energy Service, Inc. has a 52 week low of $0.75 and a 52 week high of $3.26.

About Nine Energy Service

Nine Energy Service, Inc operates as an onshore completion services provider that targets unconventional oil and gas resource development in North American basins and internationally. It offers cementing services, including blending high-grade cement and water with various solid and liquid additives to create a cement slurry that is pumped between the casing and the wellbore of the well.