Citigroup Cuts NCS Multistage (NCSM) Price Target to $5.50

NCS Multistage (NASDAQ:NCSM) had its price target cut by Citigroup from $6.50 to $5.50 in a research report released on Tuesday. They currently have a neutral rating on the stock.

Several other brokerages have also commented on NCSM. BidaskClub lowered NCS Multistage from a hold rating to a sell rating in a report on Thursday, February 28th. Raymond James lowered NCS Multistage from an outperform rating to a market perform rating in a report on Thursday, December 13th. Wells Fargo & Co reissued a hold rating on shares of NCS Multistage in a report on Sunday, January 6th. Zacks Investment Research raised NCS Multistage from a sell rating to a hold rating in a report on Thursday, February 14th. Finally, Credit Suisse Group set a $11.00 price objective on NCS Multistage and gave the stock a buy rating in a report on Monday, November 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. NCS Multistage currently has an average rating of Hold and a consensus target price of $14.08.

Shares of NASDAQ NCSM opened at $5.01 on Tuesday. NCS Multistage has a 12 month low of $4.46 and a 12 month high of $19.00. The company has a quick ratio of 2.89, a current ratio of 4.47 and a debt-to-equity ratio of 0.13. The stock has a market cap of $231.80 million, a PE ratio of 25.05 and a beta of 2.15.



NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). NCS Multistage had a positive return on equity of 2.68% and a negative net margin of 83.85%. The business had revenue of $50.19 million for the quarter, compared to analysts’ expectations of $49.89 million. Sell-side analysts anticipate that NCS Multistage will post -0.08 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in NCS Multistage by 20.2% in the third quarter. Vanguard Group Inc. now owns 930,339 shares of the company’s stock worth $15,360,000 after buying an additional 156,341 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in NCS Multistage by 420.4% in the third quarter. Dimensional Fund Advisors LP now owns 190,817 shares of the company’s stock worth $3,150,000 after buying an additional 154,153 shares in the last quarter. Viking Fund Management LLC boosted its stake in NCS Multistage by 550.0% in the fourth quarter. Viking Fund Management LLC now owns 65,000 shares of the company’s stock worth $331,000 after buying an additional 55,000 shares in the last quarter. Vanguard Group Inc boosted its stake in NCS Multistage by 20.2% in the third quarter. Vanguard Group Inc now owns 930,339 shares of the company’s stock worth $15,360,000 after buying an additional 156,341 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in NCS Multistage by 1.5% in the third quarter. Russell Investments Group Ltd. now owns 345,081 shares of the company’s stock worth $5,697,000 after buying an additional 4,991 shares in the last quarter. 95.74% of the stock is owned by institutional investors and hedge funds.

About NCS Multistage

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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