NCS Multistage (NASDAQ:NCSM) Raised to Strong-Buy at Zacks Research

NCS Multistage (NASDAQ:NCSM) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

NCSM has been the subject of a number of other research reports. Wall Street Zen raised shares of NCS Multistage from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 24th. Weiss Ratings restated a “hold (c)” rating on shares of NCS Multistage in a research report on Monday, December 29th. Finally, Singular Research raised NCS Multistage to a “strong-buy” rating in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.

NCS Multistage Trading Up 13.0%

Shares of NCSM opened at $61.62 on Monday. The stock has a market capitalization of $157.13 million, a PE ratio of 7.20 and a beta of 0.55. The company’s fifty day moving average is $40.32 and its 200 day moving average is $41.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.91 and a current ratio of 4.27. NCS Multistage has a fifty-two week low of $25.09 and a fifty-two week high of $61.92.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings data on Wednesday, March 4th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $0.70 by $0.90. NCS Multistage had a net margin of 12.93% and a return on equity of 10.32%. The business had revenue of $50.63 million during the quarter, compared to analyst estimates of $43.60 million.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew 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 acquiring an additional 411 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of NCS Multistage by 342.6% during 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. Tucker Asset Management LLC bought a new stake in shares of NCS Multistage during the fourth quarter valued at approximately $34,000. Empowered Funds LLC boosted its holdings 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 valued at $784,000 after purchasing an additional 1,042 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of NCS Multistage by 3.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company’s stock valued at $1,179,000 after purchasing an additional 1,042 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.