NYSE Threatens Nine Energy Services with Stock Delisting, Again

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Nine Energy's stock performance for the past one year (click for larger version)
Nine Energy Service, an oilfield services (OFS) company that competes with companies like Halliburton and Baker Hughes, operates in a number of shale basins, including the Marcellus/Utica. Last week, the New York Stock Exchange (NYSE) informed Nine the company’s stock is in danger of being delisted from the exchange because the company’s average market capitalization over 30 consecutive trading days, as well as stockholders’ equity, has fallen below $50 million. This isn't the first time Nine has been threatened with delisting (see NYSE Threatens Nine Energy Services with Stock Delisting).

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