NCS Multistage Holdings Inc (NASDAQ:NCSM) Director Franklin Myers acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The stock was acquired at an average price of $7.62 per share, for a total transaction of $76,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ NCSM traded up $0.18 on Friday, reaching $7.09. The stock had a trading volume of 1,249 shares, compared to its average volume of 301,517. The firm has a market cap of $328.13 million, a price-to-earnings ratio of 35.28 and a beta of 2.14. The company has a quick ratio of 2.89, a current ratio of 3.89 and a debt-to-equity ratio of 0.06. NCS Multistage Holdings Inc has a 12-month low of $6.75 and a 12-month high of $20.54.
NCS Multistage (NASDAQ:NCSM) last announced its earnings results on Tuesday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The firm had revenue of $62.69 million during the quarter, compared to analysts’ expectations of $77.71 million. NCS Multistage had a net margin of 4.36% and a return on equity of 3.10%. Analysts anticipate that NCS Multistage Holdings Inc will post 0.23 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in NCSM. FMR LLC increased its position in shares of NCS Multistage by 18.1% during the second quarter. FMR LLC now owns 4,311,228 shares of the company’s stock worth $62,642,000 after acquiring an additional 661,076 shares during the period. Sapience Investments LLC increased its position in shares of NCS Multistage by 30.8% during the second quarter. Sapience Investments LLC now owns 715,226 shares of the company’s stock worth $10,392,000 after acquiring an additional 168,366 shares during the period. Jennison Associates LLC increased its position in shares of NCS Multistage by 13.4% during the second quarter. Jennison Associates LLC now owns 569,590 shares of the company’s stock worth $8,276,000 after acquiring an additional 67,402 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of NCS Multistage by 6.7% during the second quarter. Public Employees Retirement Association of Colorado now owns 524,098 shares of the company’s stock worth $7,615,000 after acquiring an additional 32,900 shares during the period. Finally, BlackRock Inc. increased its position in shares of NCS Multistage by 4.6% during the second quarter. BlackRock Inc. now owns 513,917 shares of the company’s stock worth $7,468,000 after acquiring an additional 22,742 shares during the period. 95.87% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on NCSM shares. Wells Fargo & Co decreased their price objective on NCS Multistage from $15.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, November 8th. BidaskClub lowered NCS Multistage from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. TheStreet lowered NCS Multistage from a “c-” rating to a “d+” rating in a research report on Thursday, November 1st. Zacks Investment Research lowered NCS Multistage from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $19.00 target price on shares of NCS Multistage in a research report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. NCS Multistage has a consensus rating of “Hold” and an average price target of $16.29.
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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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