Zacks Investment Research upgraded shares of NCS Multistage (NASDAQ:NCSM) from a sell rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports.
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. “
Several other equities research analysts have also weighed in on the company. Piper Jaffray Companies lowered NCS Multistage from an overweight rating to a neutral rating and set a $3.80 target price for the company. in a report on Tuesday, June 25th. ValuEngine lowered Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. NCS Multistage presently has an average rating of Hold and a consensus target price of $11.86.
NCSM traded down $0.02 on Tuesday, hitting $2.95. The company had a trading volume of 2,228 shares, compared to its average volume of 53,795. The stock’s fifty day simple moving average is $3.08. NCS Multistage has a 1-year low of $2.46 and a 1-year high of $17.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.72 and a current ratio of 5.44. The company has a market capitalization of $135.34 million, a PE ratio of 14.75 and a beta of 2.55.
NCS Multistage (NASDAQ:NCSM) last posted its earnings results on Monday, May 6th. The company reported ($0.04) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). NCS Multistage had a negative return on equity of 1.11% and a negative net margin of 101.98%. The firm had revenue of $52.85 million during the quarter, compared to analyst estimates of $54.65 million. Analysts expect that NCS Multistage will post -0.24 earnings per share for the current fiscal year.
In other NCS Multistage news, CFO Ryan Hummer purchased 50,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was bought at an average cost of $2.63 per share, for a total transaction of $131,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Franklin Myers purchased 40,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were acquired at an average price of $2.57 per share, with a total value of $102,800.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 140,000 shares of company stock valued at $364,800. Corporate insiders own 11.90% of the company’s stock.
Several hedge funds have recently modified their holdings of NCSM. Bank of Montreal Can raised its stake in shares of NCS Multistage by 712.8% in the first quarter. Bank of Montreal Can now owns 5,251 shares of the company’s stock valued at $27,000 after purchasing an additional 4,605 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of NCS Multistage in the fourth quarter valued at $64,000. Rhumbline Advisers acquired a new position in shares of NCS Multistage in the fourth quarter valued at $73,000. Energy Opportunities Capital Management LLC acquired a new position in shares of NCS Multistage in the fourth quarter valued at $76,000. Finally, Spark Investment Management LLC acquired a new position in shares of NCS Multistage in the first quarter valued at $194,000. Institutional investors own 90.77% 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, Canada, 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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