Why These Energy Stocks Are Gaining This Week

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

Share Price Gains Between Feb. 14 – Feb. 24: 4.24%

Nine Energy Service, Inc. (NYSE:NINE) operates as an onshore completion services provider that targets unconventional oil and gas resource development in North American basins and internationally. The company announced earlier this month it has scheduled its fourth quarter and full-year 2024 earnings conference call for Thursday, March 6, 2025.

Nine Energy Service, Inc. (NYSE:NINE) topped market expectations in its third quarter, posting revenue of $138.16 million, beating analysts’ estimates by $3.56 million and above the range of its original guidance of $127 million to $137 million. This uptick was driven mostly by its cementing business, where it increased market share by approximately 23% over Q2 within the areas it operates. Total revenue of the cementing business also surged by 12% over Q2, despite a declining rig count. The company expects Q4 to be down compared with Q3 with projected revenue between $132 million and $142 million, primarily due to a moderate slowdown due to budget exhaustion, weather, and holidays, as well as a decrease in international tool sales.