Nine Energy Service stock gained 1.89 percent on October 2
Published on 10/04/2026 at 22:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nine Energy Service (ISIN US65441V2007) stock was last at USD 7.56 on NYSE on October 2, 2026, up 1.89 percent from the USD 7.42 prior close. The latest operating picture combines solid revenue with a sharp profitability test in the company's coiled tubing business.
According to The Globe and Mail on August 6, 2026, Nine reported second-quarter revenue of USD 141.8 million and adjusted EBITDA of USD 8.6 million. Revenue met the company's guidance range, while adjusted EBITDA fell below the original target because of coiled tubing margin compression and inflationary costs.
Coiled tubing pressure cuts margins
Two large-diameter coiled tubing units were taken out of service for maintenance during Q2, representing 17 percent of that fleet. The company also reported a 12 percent sequential increase in consumables, labor, and repair costs, while one unit remained under repair with a return expected near year-end.
The earnings call pointed to a clear operating split. Coiled tubing revenue fell 2 percent to USD 26.4 million even as days worked increased 16 percent, while the average blended day rate declined 15 percent. The comparison shows why higher activity did not translate directly into stronger margins.
Completion Tools provides an offset
ScanX News reported that Completion Tools revenue increased 44 percent sequentially to USD 37.1 million, with stages completed up 45 percent. Cementing revenue reached USD 55.3 million, up 3 percent sequentially, giving the company a second area of support while coiled tubing capacity is repaired.
Liquidity stood at USD 46.8 million as of June 30, 2026, including USD 16.8 million in cash and USD 30 million available under the credit facility. Outstanding borrowings were USD 97.3 million, making cash generation and equipment utilization important checkpoints for the next quarter.
Consensus target remains above stock
According to Investing.com, the September 18, 2026 consensus was Strong Buy from 2 analysts, with an average 12-month target of USD 13.38. The high target was USD 14.76 and the low target was USD 12.00; against the October 2 price, the average target lies 77.0 percent above the stock.
Stock closes at USD 7.56
Nine Energy Service stock closed at USD 7.56 on October 2, 2026, on NYSE, with volume of 64,020 shares and a market capitalization of USD 105.5 million. The 52-week range was USD 7.32 to USD 13.23, leaving the shares 42.8 percent below the yearly high.
Nine Energy Service stock facts
- Company: Nine Energy Service, Inc.
- ISIN: US65441V2007
- Ticker: NINE
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): Closing price (October 2, 2026) USD 7.56
- Market capitalization: USD 105.5 million (as of October 2, 2026)
- 52-week range: USD 7.32-13.23 (as of October 2, 2026)
- Sector / Industry: Energy / Oil and Gas Equipment and Services
