Energy Opportunities Capital Management LLC purchased a new stake in shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,000 shares of the company’s stock, valued at approximately $76,000.
Several other hedge funds have also recently made changes to their positions in NCSM. Nisa Investment Advisors LLC acquired a new position in NCS Multistage in the fourth quarter valued at about $63,000. Paloma Partners Management Co acquired a new position in NCS Multistage in the fourth quarter valued at about $64,000. Geode Capital Management LLC lifted its position in NCS Multistage by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 177,676 shares of the company’s stock valued at $904,000 after buying an additional 13,415 shares during the last quarter. Rhumbline Advisers acquired a new position in NCS Multistage in the fourth quarter valued at about $73,000. Finally, BlackRock Inc. lifted its position in NCS Multistage by 3.2% in the fourth quarter. BlackRock Inc. now owns 533,748 shares of the company’s stock valued at $2,716,000 after buying an additional 16,636 shares during the last quarter. 95.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:NCSM opened at $4.76 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.19 and a current ratio of 4.47. The stock has a market cap of $207.05 million, a price-to-earnings ratio of 23.80 and a beta of 2.15. NCS Multistage Holdings Inc has a 1 year low of $4.46 and a 1 year high of $19.00.
NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01). The business had revenue of $50.19 million for the quarter, compared to analysts’ expectations of $49.89 million. NCS Multistage had a positive return on equity of 2.68% and a negative net margin of 83.85%. Analysts anticipate that NCS Multistage Holdings Inc will post -0.08 EPS for the current fiscal year.
A number of research firms have commented on NCSM. BidaskClub raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Citigroup decreased their target price on shares of NCS Multistage from $6.50 to $5.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 12th. Wells Fargo & Co reaffirmed a “hold” rating on shares of NCS Multistage in a research report on Tuesday, December 11th. Zacks Investment Research raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Finally, ValuEngine raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a research report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. NCS Multistage has a consensus rating of “Hold” and an average price target of $14.08.
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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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