NCS Multistage Holdings’ (NASDAQ:NCSM) lock-up period will end on Wednesday, October 25th. NCS Multistage Holdings had issued 9,500,000 shares in its public offering on April 28th. The total size of the offering was $161,500,000 based on an initial share price of $17.00. After the end of NCS Multistage Holdings’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

A number of research firms recently weighed in on NCSM. Royal Bank Of Canada set a $29.00 price objective on shares of NCS Multistage Holdings and gave the stock a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research raised shares of NCS Multistage Holdings from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, September 20th. Finally, Citigroup Inc. set a $32.00 price objective on shares of NCS Multistage Holdings and gave the stock a “buy” rating in a research report on Thursday, October 5th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. NCS Multistage Holdings presently has an average rating of “Buy” and a consensus target price of $28.83.

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NCS Multistage Holdings (NASDAQ:NCSM) opened at 21.79 on Wednesday. The stock has a market capitalization of $949.06 million and a price-to-earnings ratio of 990.45. The stock’s 50 day moving average is $21.93 and its 200-day moving average is $22.30. NCS Multistage Holdings has a 12 month low of $18.17 and a 12 month high of $29.07.

NCS Multistage Holdings (NASDAQ:NCSM) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). The company had revenue of $36.86 million during the quarter, compared to analysts’ expectations of $29.14 million. On average, equities research analysts expect that NCS Multistage Holdings will post $0.34 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC purchased a new stake in shares of NCS Multistage Holdings in the 2nd quarter valued at approximately $55,521,000. Lazard Asset Management LLC purchased a new stake in shares of NCS Multistage Holdings in the 2nd quarter valued at approximately $38,015,000. Goldman Sachs Group Inc. purchased a new stake in shares of NCS Multistage Holdings in the 2nd quarter valued at approximately $21,959,000. Vanguard Group Inc. purchased a new stake in shares of NCS Multistage Holdings in the 2nd quarter valued at approximately $13,697,000. Finally, Jennison Associates LLC purchased a new stake in shares of NCS Multistage Holdings in the 2nd quarter valued at approximately $11,549,000. 91.57% of the stock is currently owned by institutional investors and hedge funds.

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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