NCS Multistage (NCSM) Upgraded at BidaskClub

BidaskClub upgraded shares of NCS Multistage (NASDAQ:NCSM) from a sell rating to a hold rating in a report published on Sunday morning.

Other equities analysts have also recently issued research reports about the stock. 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. Zacks Investment Research raised shares of NCS Multistage from a sell rating to a hold rating in a research note on Tuesday, August 28th. Finally, Wells Fargo & Co lowered shares of NCS Multistage from an outperform rating to a market perform rating and set a $15.00 price objective for the company. in a report on Monday, October 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $20.86.

NCSM stock opened at $11.21 on Friday. 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 has a one year low of $10.48 and a one year high of $22.31. The company has a market capitalization of $522.74 million, a price-to-earnings ratio of 56.05 and a beta of 0.76.



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 forecast that NCS Multistage will post 0.46 earnings per share for the current fiscal year.

In other 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 13,650 shares of company stock valued at $222,083. Company insiders own 11.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Viking Fund Management LLC bought a new stake in shares of NCS Multistage in the 3rd quarter worth approximately $165,000. 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. Millennium Management LLC bought a new stake in shares of NCS Multistage in the 1st quarter worth approximately $257,000. Energy Opportunities Capital Management LLC bought a new stake in shares of NCS Multistage in the 2nd quarter worth approximately $259,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of NCS Multistage in the 1st quarter worth approximately $405,000. 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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Analyst Recommendations for NCS Multistage (NASDAQ:NCSM)

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