Why These Energy Stocks are Losing This Week

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

Share Price Decline Between Feb. 24 and Mar. 3: 19.45%

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 is set to announce its Q4 and full-year 2024 results on Thursday, March 6, 2025. The company expects Q4 to be down compared with the previous quarter with revenue expected 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.

Shares of Nine Energy Service, Inc. (NYSE:NINE) have plunged by over 51% over the last year as the company deals with industry-wide problems, including fluctuating energy prices and operational hurdles, which have severely impacted its market performance and investor confidence.