5 Worst Performing Energy Stocks in 2023

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

Year To Date Share Price Losses: 64.24%

Nine Energy Service, Inc. (NYSE:NINE) enables oil and gas companies to build and manage their wells. Like several other energy companies, it missed analyst EPS estimates for its second quarter earnings. The stock is rated Buy on average and has been on a downward spiral since mid January.

During Q1 2023, 11 of the 943 hedge funds part of Insider Monkey’s research had held a stake in Nine Energy Service, Inc. (NYSE:NINE). Jeffrey Gendell’s Tontine Asset Management is the largest investor out of these through a $10 million investment.

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