NCS Multistage (NASDAQ:NCSM) Issues Earnings Results

NCS Multistage (NASDAQ:NCSM) released its earnings results on Wednesday. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $0.69 by $0.91, FiscalAI reports. NCS Multistage had a return on equity of 12.10% and a net margin of 6.89%.The business had revenue of $50.63 million for the quarter.

NCS Multistage Stock Performance

NCSM traded down $0.41 during midday trading on Wednesday, reaching $39.65. The company had a trading volume of 14,099 shares, compared to its average volume of 7,467. The business has a 50-day moving average of $39.39 and a two-hundred day moving average of $40.70. The company has a quick ratio of 2.65, a current ratio of 4.39 and a debt-to-equity ratio of 0.04. NCS Multistage has a 1 year low of $23.89 and a 1 year high of $53.69. The company has a market cap of $100.71 million, a P/E ratio of 8.73 and a beta of 0.55.

Analyst Ratings Changes

Several research analysts have recently issued reports on NCSM shares. Wall Street Zen upgraded shares of NCS Multistage from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 24th. Weiss Ratings reissued a “hold (c)” rating on shares of NCS Multistage in a report on Monday, December 29th. Finally, Singular Research upgraded NCS Multistage to a “strong-buy” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, NCS Multistage currently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in NCS Multistage by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 10,153 shares of the company’s stock worth $401,000 after buying an additional 411 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of NCS Multistage by 342.6% in the third quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock valued at $44,000 after acquiring an additional 668 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of NCS Multistage by 5.5% in the fourth quarter. Empowered Funds LLC now owns 19,853 shares of the company’s stock worth $784,000 after acquiring an additional 1,042 shares during the period. Bridgeway Capital Management LLC grew its position in shares of NCS Multistage by 3.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company’s stock worth $1,179,000 after purchasing an additional 1,042 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in NCS Multistage by 7.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 17,473 shares of the company’s stock valued at $892,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 70.91% of the company’s stock.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc is an oilfield services company that designs, engineers and manufactures downhole completion systems for use in hydraulic fracturing operations across North America. Specializing in multi‐stage stimulation technologies, the company’s product portfolio includes composite frac plugs, open‐hole frac systems and mechanical isolation tools that enable producers to optimize well performance in unconventional reservoirs. Its tools are employed in plug-and-perf operations, horizontal completions and re-entry applications, providing zonal isolation and pressure integrity throughout the fracturing process.

In addition to its core frac plug offerings, NCS Multistage provides a range of complementary services including on-site rig support, tool installation supervision and pressure testing.