NCS Multistage (NASDAQ:NCSM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, March 16th.
According to Zacks, “NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and field development strategies primarily in the United States and internationally. NCS Multistage Holdings Inc. is headquartered in Houston, Texas. “
Other analysts have also recently issued research reports about the company. JPMorgan Chase reaffirmed a “neutral” rating and issued a $20.00 price target (up previously from $19.00) on shares of NCS Multistage in a research report on Tuesday, March 13th. BidaskClub cut NCS Multistage from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Piper Jaffray set a $20.00 price target on NCS Multistage and gave the company a “buy” rating in a report on Thursday, December 21st. ValuEngine cut NCS Multistage from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $30.00 price target (up previously from $23.00) on shares of NCS Multistage in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. NCS Multistage presently has an average rating of “Buy” and an average price target of $24.25.
Shares of NCSM stock traded down $0.54 on Friday, reaching $15.67. 56,288 shares of the company’s stock traded hands, compared to its average volume of 127,698. The company has a current ratio of 3.72, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06. NCS Multistage has a 12-month low of $13.85 and a 12-month high of $29.07. The company has a market capitalization of $721.07 and a price-to-earnings ratio of 78.35.
NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Thursday, March 8th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. NCS Multistage had a return on equity of 2.29% and a net margin of 1.04%. The firm had revenue of $50.18 million for the quarter, compared to the consensus estimate of $50.51 million. sell-side analysts predict that NCS Multistage will post 0.6 EPS for the current year.
In other news, COO Tim Willems sold 21,235 shares of the stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $15.77, for a total value of $334,875.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Marty Stromquist sold 110,478 shares of the stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $16.28, for a total value of $1,798,581.84. The disclosure for this sale can be found here. In the last three months, insiders sold 133,153 shares of company stock worth $2,158,903.
A number of hedge funds have recently added to or reduced their stakes in NCSM. Nationwide Fund Advisors bought a new position in NCS Multistage during the 2nd quarter worth about $157,000. The Manufacturers Life Insurance Company bought a new position in shares of NCS Multistage in the 2nd quarter valued at about $211,000. Renaissance Technologies LLC bought a new position in shares of NCS Multistage in the 4th quarter valued at about $243,000. Waratah Capital Advisors Ltd. bought a new position in shares of NCS Multistage in the 4th quarter valued at about $254,000. Finally, Parametric Portfolio Associates LLC bought a new position in shares of NCS Multistage in the 2nd quarter valued at about $257,000. Hedge funds and other institutional investors own 93.12% of the company’s stock.
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NCS Multistage Company Profile
NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.
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