NCS Multistage (NASDAQ:NCSM) had its price objective decreased by analysts at Royal Bank Of Canada from $30.00 to $25.00 in a research note issued on Wednesday, November 15th, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 47.58% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of NCS Multistage from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Citigroup set a $32.00 price objective on shares of NCS Multistage and gave the company a “buy” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. NCS Multistage has an average rating of “Buy” and an average price target of $27.43.
NCS Multistage (NASDAQ:NCSM) traded down $0.08 during trading hours on Wednesday, reaching $16.94. The company had a trading volume of 195,067 shares, compared to its average volume of 143,821. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.31 and a quick ratio of 2.29. NCS Multistage has a fifty-two week low of $15.01 and a fifty-two week high of $29.07.
NCS Multistage (NASDAQ:NCSM) last announced its earnings results on Monday, November 13th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). NCS Multistage had a return on equity of 2.22% and a net margin of 2.42%. The firm had revenue of $55.96 million for the quarter, compared to the consensus estimate of $58.92 million. analysts predict that NCS Multistage will post 0.2 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in NCS Multistage in the third quarter valued at about $262,000. Beck Capital Management LLC lifted its holdings in NCS Multistage by 8.6% in the third quarter. Beck Capital Management LLC now owns 32,036 shares of the company’s stock valued at $771,000 after buying an additional 2,525 shares during the period. Wells Fargo & Company MN lifted its holdings in NCS Multistage by 126.7% in the third quarter. Wells Fargo & Company MN now owns 43,435 shares of the company’s stock valued at $1,046,000 after buying an additional 24,277 shares during the period. Citadel Advisors LLC acquired a new position in NCS Multistage in the third quarter valued at approximately $350,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in NCS Multistage in the third quarter worth $495,000. 93.02% of the stock is currently owned by institutional investors and hedge funds.
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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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