NCS Multistage (NCSM) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of NCS Multistage (NASDAQ:NCSM) from a strong sell rating to a sell rating in a research note issued to investors on Wednesday.

NCSM has been the subject of a number of other research reports. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a $20.00 price target (up previously from $19.00) on shares of NCS Multistage in a research note on Tuesday, March 13th. ValuEngine lowered NCS Multistage from a sell rating to a strong sell rating in a research note on Tuesday, May 22nd. Finally, Zacks Investment Research raised NCS Multistage from a hold rating to a buy rating and set a $19.00 price target for the company in a research note on Saturday, May 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. NCS Multistage presently has an average rating of Buy and a consensus target price of $23.88.

Shares of NASDAQ:NCSM opened at $14.07 on Wednesday. The company has a current ratio of 3.69, a quick ratio of 2.74 and a debt-to-equity ratio of 0.06. NCS Multistage has a 12 month low of $12.57 and a 12 month high of $25.96. The company has a market cap of $616.14 million, a P/E ratio of 70.35 and a beta of 0.44.

NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Tuesday, May 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. NCS Multistage had a net margin of 3.06% and a return on equity of 2.90%. The firm had revenue of $70.69 million for the quarter, compared to analysts’ expectations of $69.65 million. analysts anticipate that NCS Multistage will post 0.63 earnings per share for the current fiscal year.

In related news, President Marty Stromquist sold 131,637 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $17.05, for a total value of $2,244,410.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin Trautner sold 5,400 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $17.33, for a total value of $93,582.00. The disclosure for this sale can be found here. Company insiders own 11.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in NCSM. Swiss National Bank purchased a new position in NCS Multistage during the fourth quarter valued at $273,000. Bank of New York Mellon Corp lifted its position in NCS Multistage by 25.7% during the fourth quarter. Bank of New York Mellon Corp now owns 40,812 shares of the company’s stock valued at $602,000 after buying an additional 8,357 shares during the period. Lazard Asset Management LLC lifted its position in NCS Multistage by 24.4% during the fourth quarter. Lazard Asset Management LLC now owns 1,313,444 shares of the company’s stock valued at $19,360,000 after buying an additional 257,763 shares during the period. Renaissance Technologies LLC purchased a new position in NCS Multistage during the fourth quarter valued at $243,000. Finally, Bamco Inc. NY lifted its position in NCS Multistage by 24.3% during the fourth quarter. Bamco Inc. NY now owns 68,100 shares of the company’s stock valued at $1,004,000 after buying an additional 13,300 shares during the period. 94.09% of the stock is owned by institutional investors and hedge funds.

About NCS Multistage

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.

Analyst Recommendations for NCS Multistage (NASDAQ:NCSM)

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