Zacks Investment Research lowered shares of NCS Multistage (NASDAQ:NCSM) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

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 research analysts have also issued reports about the stock. BidaskClub raised shares of NCS Multistage from a hold rating to a buy rating in a research note on Saturday, September 29th. Royal Bank of Canada reaffirmed a buy rating and issued a $19.00 price target on shares of NCS Multistage in a research note on Thursday, August 9th. Wells Fargo & Co lowered shares of NCS Multistage from an outperform rating to a market perform rating and set a $15.00 price target on the stock. in a research note on Monday, October 15th. Finally, ValuEngine raised shares of NCS Multistage from a strong sell rating to a sell rating in a research note on Tuesday, June 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $20.86.

Shares of NCSM stock traded down $0.29 during mid-day trading on Friday, hitting $11.41. 261,145 shares of the stock were exchanged, compared to its average volume of 220,838. The company has a quick ratio of 2.73, a current ratio of 3.74 and a debt-to-equity ratio of 0.06. NCS Multistage has a 52-week low of $11.23 and a 52-week high of $22.31. The firm has a market cap of $525.43 million, a P/E ratio of 57.05 and a beta of 0.77.

NCS Multistage (NASDAQ:NCSM) last posted its earnings results on Wednesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The firm had revenue of $43.40 million for the quarter, compared to analysts’ expectations of $48.65 million. NCS Multistage had a return on equity of 2.80% and a net margin of 3.16%. On average, analysts anticipate that NCS Multistage will post 0.47 earnings per share for the current fiscal year.

In related news, CAO Wade Bitter sold 12,750 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $16.27, for a total value of $207,442.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 13,650 shares of company stock worth $222,083 over the last ninety days. 11.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in NCSM. Viking Fund Management LLC acquired a new stake in NCS Multistage in the 3rd quarter valued at about $165,000. JPMorgan Chase & Co. raised its holdings in NCS Multistage by 54.5% in the 1st quarter. JPMorgan Chase & Co. now owns 12,257 shares of the company’s stock valued at $184,000 after acquiring an additional 4,322 shares during the last quarter. Millennium Management LLC acquired a new stake in NCS Multistage in the 1st quarter valued at about $257,000. Energy Opportunities Capital Management LLC acquired a new stake in NCS Multistage in the 2nd quarter valued at about $259,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in NCS Multistage in the 1st quarter valued at about $405,000. Institutional investors own 95.82% of the company’s stock.

NCS Multistage Company Profile

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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