Zacks Investment Research cut shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) from a hold rating to a sell rating in a research note released on Wednesday.

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. “

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada reaffirmed a buy rating and issued a $30.00 target price on shares of NCS Multistage Holdings in a report on Thursday, July 20th. Tudor Pickering initiated coverage on NCS Multistage Holdings in a report on Thursday, June 1st. They issued a buy rating for the company. Citigroup Inc. initiated coverage on NCS Multistage Holdings in a report on Thursday, May 25th. They issued a buy rating for the company. J P Morgan Chase & Co initiated coverage on NCS Multistage Holdings in a report on Tuesday, May 23rd. They issued a neutral rating for the company. Finally, Raymond James Financial, Inc. initiated coverage on NCS Multistage Holdings in a report on Thursday, June 15th. They issued an outperform rating and a $30.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $29.00.

NCS Multistage Holdings (NASDAQ NCSM) opened at 22.03 on Wednesday. The company has a 50-day moving average price of $22.75 and a 200 day moving average price of $22.95. NCS Multistage Holdings has a 12-month low of $10.19 and a 12-month high of $29.07. The company’s market cap is $959.52 million.

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In other NCS Multistage Holdings news, major shareholder International Corp/Ma Advent sold 1,375,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $15.94, for a total value of $21,917,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Marty Stromquist sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $15.94, for a total value of $398,500.00. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in NCS Multistage Holdings stock. Spark Investment Management LLC purchased a new position in shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 63,400 shares of the company’s stock, valued at approximately $1,596,000. Spark Investment Management LLC owned about 0.15% of NCS Multistage Holdings at the end of the most recent quarter.

NCS Multistage Holdings Company Profile

NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.

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Analyst Recommendations for NCS Multistage Holdings (NASDAQ:NCSM)

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