Is Nine Energy Service Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NYSE: NINE) stock is to Strong Buy NINE stock.
Out of 2 analysts, 2 (100%) are recommending NINE as a Strong Buy, 0 (0%) are recommending NINE as a Buy, 0 (0%) are recommending NINE as a Hold, 0 (0%) are recommending NINE as a Sell, and 0 (0%) are recommending NINE as a Strong Sell.
What is NINE's forecast return on equity (ROE) for 2023-2024?
(NYSE: NINE) forecast ROE is -529.58%, which is considered weak.
What is NINE's Price Target?
According to 2 Wall Street analysts that have issued a 1 year NINE price target, the average NINE price target is $7.00, with the highest NINE stock price forecast at $7.00 and the lowest NINE stock price forecast at $7.00.
On average, Wall Street analysts predict that Nine Energy Service's share price could reach $7.00 by May 25, 2024. The average Nine Energy Service stock price prediction forecasts a potential upside of 107.72% from the current NINE share price of $3.37.
What is NINE's forecast return on assets (ROA) for 2023-2024?
(NYSE: NINE) forecast ROA is 14.08%, which is higher than the forecast US Oil & Gas Equipment & Services industry average of 9.77%.
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