NCS Multistage (NCSM) Lifted to Hold at BidaskClub
BidaskClub upgraded shares of NCS Multistage (NASDAQ:NCSM) from a sell rating to a hold rating in a report published on Friday morning.
A number of other research analysts have also commented on NCSM. Zacks Investment Research lowered NCS Multistage from a buy rating to a hold rating in a report on Tuesday, September 26th. ValuEngine lowered NCS Multistage from a hold rating to a sell rating in a report on Sunday, December 31st. Citigroup set a $32.00 target price on NCS Multistage and gave the stock a buy rating in a report on Thursday, October 5th. Royal Bank of Canada set a $30.00 target price on NCS Multistage and gave the stock a buy rating in a report on Saturday, October 7th. Finally, Piper Jaffray Companies set a $20.00 target price on NCS Multistage and gave the stock a buy rating in a report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $25.14.
Shares of NCS Multistage (NCSM) traded up $0.21 on Friday, hitting $17.65. The stock had a trading volume of 95,376 shares, compared to its average volume of 133,240. The company has a current ratio of 3.31, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06. NCS Multistage has a 52 week low of $13.85 and a 52 week high of $29.07.
NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings results on Monday, November 13th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $55.96 million for the quarter, compared to analyst estimates of $58.92 million. NCS Multistage had a net margin of 2.42% and a return on equity of 2.22%. sell-side analysts anticipate that NCS Multistage will post 0.13 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in NCSM. Nationwide Fund Advisors acquired a new position in NCS Multistage during the second quarter worth about $157,000. Strs Ohio grew its holdings in NCS Multistage by 131.3% during the third quarter. Strs Ohio now owns 7,400 shares of the company’s stock worth $178,000 after acquiring an additional 4,200 shares during the period. Alliancebernstein L.P. acquired a new position in NCS Multistage during the second quarter worth about $201,000. The Manufacturers Life Insurance Company acquired a new position in NCS Multistage during the second quarter worth about $211,000. Finally, Parametric Portfolio Associates LLC acquired a new position in NCS Multistage during the second quarter worth about $257,000. 93.02% of the stock is currently owned by hedge funds and other institutional investors.
About NCS Multistage
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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