Wells Fargo & Company reissued their outperform rating on shares of NCS Multistage (NASDAQ:NCSM) in a research note issued to investors on Wednesday, November 15th. They currently have a $30.00 price target on the stock, down from their prior price target of $35.00.
A number of other analysts have also weighed in on the company. Royal Bank Of Canada set a $30.00 target price on NCS Multistage and gave the stock a buy rating in a report on Sunday, November 12th. Citigroup set a $32.00 target price on NCS Multistage and gave the stock a buy rating in a report on Thursday, October 5th. Finally, Zacks Investment Research lowered NCS Multistage from a buy rating to a hold rating in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. NCS Multistage presently has a consensus rating of Buy and an average price target of $27.43.
NCS Multistage (NCSM) traded down $0.08 during midday trading on Wednesday, reaching $16.94. The company had a trading volume of 195,067 shares, compared to its average volume of 143,821. NCS Multistage has a 12 month low of $15.01 and a 12 month high of $29.07. The company has a current ratio of 3.31, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06.
NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Monday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The firm had revenue of $55.96 million during the quarter, compared to the consensus estimate of $58.92 million. NCS Multistage had a return on equity of 2.22% and a net margin of 2.42%. equities research analysts anticipate that NCS Multistage will post 0.2 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in shares of NCS Multistage in the second quarter worth $1,636,000. Spark Investment Management LLC purchased a new stake in shares of NCS Multistage during the 2nd quarter worth $1,596,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of NCS Multistage during the 2nd quarter worth $872,000. Rhumbline Advisers purchased a new stake in shares of NCS Multistage during the 2nd quarter worth $276,000. Finally, LMR Partners LLP purchased a new stake in NCS Multistage in the second quarter valued at $557,000. Hedge funds and other institutional investors own 93.02% of the company’s stock.
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NCS Multistage Company Profile
NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.
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