5 Best Multibagger Stocks to Buy Now

1. Nine Energy Service, Inc. (NYSE:NINE)

1-Year Share Price Gain as of December 13: 642.37%

Number of Hedge Fund Holders: 8

Nine Energy Service, Inc. (NYSE:NINE) was incorporated in 2011 and is headquartered in Houston, Texas. It operates as an onshore completion services provider that targets unconventional oil and gas resource development across North American basins and internationally. Nine Energy Service, Inc. (NYSE:NINE) stock has gained over 642% over the last year as of December 13, making it one of the best multibagger names to invest in. On November 7, the company reported a Q3 non-GAAP EPS of $0.39 and a revenue of $167.43 million, up 80.2% year-over-year. 

On July 19, EF Hutton analyst Ben Piggott initiated coverage of Nine Energy Service, Inc. (NYSE:NINE) with a Buy rating and a $6 price target. He sees Nine Energy Service, Inc. (NYSE:NINE) being in the “very early innings” of a multi-year margin recovery, said the analyst, who forecasts activity levels to remain strong in the core basins where the company operates, due to the extremely tight oil and natural gas market.

According to Insider Monkey’s third quarter database, 8 hedge funds were long Nine Energy Service, Inc. (NYSE:NINE), compared to 7 funds in the earlier quarter. Aaron Weitman’s CastleKnight Management is the leading position holder in the company, with 349,788 shares worth $923,000.

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