NCS Multistage (NCSM) Cut to “Sell” at BidaskClub

BidaskClub cut shares of NCS Multistage (NASDAQ:NCSM) from a hold rating to a sell rating in a research note published on Wednesday, January 31st.

NCSM has been the subject of a number of other reports. Zacks Investment Research lowered shares of NCS Multistage from a buy rating to a sell rating in a research report on Tuesday, January 23rd. Royal Bank of Canada dropped their target price on shares of NCS Multistage from $30.00 to $25.00 and set an outperform rating for the company in a research report on Wednesday, November 15th. Raymond James Financial reaffirmed an outperform rating and set a $30.00 price target (up previously from $23.00) on shares of NCS Multistage in a research note on Thursday, January 18th. Piper Jaffray Companies set a $20.00 price target on shares of NCS Multistage and gave the company a buy rating in a research note on Thursday, December 21st. Finally, Citigroup set a $32.00 target price on shares of NCS Multistage and gave the company a buy rating in a research note on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. NCS Multistage presently has a consensus rating of Buy and a consensus price target of $24.86.

NCS Multistage (NASDAQ:NCSM) traded down $0.68 during trading hours on Wednesday, reaching $14.31. 744,444 shares of the company traded hands, compared to its average volume of 151,406. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 3.31. NCS Multistage has a 1-year low of $13.85 and a 1-year high of $29.07.

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 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 during the quarter, compared to analysts’ expectations of $58.92 million. research analysts anticipate that NCS Multistage will post 0.13 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Waratah Capital Advisors Ltd. purchased a new position in shares of NCS Multistage in the 4th quarter valued at approximately $254,000. Bank of New York Mellon Corp raised its position in NCS Multistage by 25.7% during the 4th quarter. Bank of New York Mellon Corp now owns 40,812 shares of the company’s stock worth $602,000 after buying an additional 8,357 shares during the last quarter. Swiss National Bank purchased a new position in NCS Multistage during the 4th quarter worth approximately $273,000. Victory Capital Management Inc. raised its position in NCS Multistage by 58.4% during the 4th quarter. Victory Capital Management Inc. now owns 519,924 shares of the company’s stock worth $7,664,000 after buying an additional 191,622 shares during the last quarter. Finally, Jennison Associates LLC raised its position in NCS Multistage by 32.1% during the 4th quarter. Jennison Associates LLC now owns 662,813 shares of the company’s stock worth $9,770,000 after buying an additional 161,067 shares during the last quarter. Institutional investors and hedge funds own 93.69% 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.

Analyst Recommendations for NCS Multistage (NASDAQ:NCSM)

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