Nine Energy Service Stock Soars 22.24% on Positive Earnings Outlook

On June 13, 2025, Nine Energy Service's stock surged by 22.24% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Analysts have been closely monitoring Nine Energy Service, with recent reports indicating a positive outlook for the company's earnings. The earnings per share (EPS) for the coming year are projected to improve from ($1.12) to ($0.75) per share, suggesting a potential turnaround in the company's financial performance.

In the first quarter of 2025, Nine Energy Service reported an EPS of -$0.18, which exceeded analysts' consensus estimates of -$0.20 by $0.02. This positive surprise has contributed to the recent bullish sentiment surrounding the stock, as investors anticipate further improvements in the company's financial health.

The stock's recent performance has been characterized by volatility, with significant price movements observed in the past few weeks. On June 12, 2025, the stock closed at $0.59, reflecting a 3.51% increase from the previous day's closing price. This upward trend has been driven by a combination of positive sentiment and potential block deals, which have contributed to the stock's recent strength.

Looking ahead, the stock's movement is expected to continue in an upward trajectory, as long as it remains above the important level of $0.55. The positive sentiment surrounding the stock has made it an attractive investment option for many, and there is a good chance that this trend will persist in the coming days.