NCS Multistage (NASDAQ:NCSM) was downgraded by stock analysts at TheStreet from a “c-” rating to a “d+” rating in a research report issued to clients and investors on Thursday.
A number of other equities analysts have also recently commented on NCSM. BidaskClub raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Zacks Investment Research cut shares of NCS Multistage from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Wells Fargo & Co boosted their price target on shares of NCS Multistage from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, August 9th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $19.00 price target on shares of NCS Multistage in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $20.86.
Shares of NASDAQ:NCSM opened at $12.19 on Thursday. The company has a market cap of $507.47 million, a P/E ratio of 60.95 and a beta of 2.14. NCS Multistage has a 12 month low of $10.48 and a 12 month high of $22.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.74 and a quick ratio of 2.73.
NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings results on Wednesday, August 8th. The company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.04). NCS Multistage had a return on equity of 2.80% and a net margin of 3.16%. The company had revenue of $43.40 million during the quarter, compared to analysts’ expectations of $48.65 million. As a group, equities research analysts anticipate that NCS Multistage will post 0.46 earnings per share for the current year.
In other NCS Multistage news, CAO Wade Bitter sold 12,750 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $16.27, for a total value of $207,442.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 13,650 shares of company stock valued at $222,083. Corporate insiders own 11.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of NCS Multistage by 2.9% in the 1st quarter. Northern Trust Corp now owns 126,216 shares of the company’s stock worth $1,894,000 after acquiring an additional 3,568 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of NCS Multistage by 54.5% in the 1st quarter. JPMorgan Chase & Co. now owns 12,257 shares of the company’s stock worth $184,000 after acquiring an additional 4,322 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of NCS Multistage by 1.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 345,081 shares of the company’s stock worth $5,697,000 after acquiring an additional 4,991 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of NCS Multistage by 17.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 49,765 shares of the company’s stock worth $723,000 after acquiring an additional 7,519 shares during the last quarter. Finally, Viking Fund Management LLC bought a new stake in shares of NCS Multistage in the 3rd quarter worth approximately $165,000. Hedge funds and other institutional investors own 95.92% of the company’s stock.
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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