Nine Energy Service, Inc. (NINE) in Houston, Tex., is an onshore completion services provider that focuses on unconventional oil and gas resource development in North American basins and worldwide. It owns and operates 47 wireline pump-down units and 14 coiled tubing units. Over the past month, the stock has gained 189.4% in price as investors have traded extensively in penny stocks in the oil industry alongside surging crude oil prices.
However, NINE has a history of long-term share price weakness. Its stock has dipped 85.2% over the past three years. Furthermore, its revenue and total assets have declined at 25% and 30.6% CAGRs, respectively, over the past three years.
