NCS Multistage (NASDAQ:NCSM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

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. “

Several other equities analysts have also weighed in on the stock. Wells Fargo & Co reaffirmed a “hold” rating on shares of NCS Multistage in a report on Sunday, January 6th. Royal Bank of Canada set a $29.00 target price on shares of NCS Multistage and gave the company a “buy” rating in a report on Thursday, December 20th. Raymond James lowered shares of NCS Multistage from an “outperform” rating to a “market perform” rating in a report on Thursday, December 13th. Citigroup lowered shares of NCS Multistage from a “buy” rating to a “neutral” rating and cut their target price for the company from $11.00 to $7.50 in a report on Tuesday, December 11th. Finally, BidaskClub lowered shares of NCS Multistage from a “hold” rating to a “sell” rating in a report on Thursday, November 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.21.

NASDAQ:NCSM opened at $5.44 on Thursday. The company has a quick ratio of 2.89, a current ratio of 3.89 and a debt-to-equity ratio of 0.06. The company has a market cap of $248.91 million, a PE ratio of 27.20 and a beta of 2.18. NCS Multistage has a 1-year low of $4.90 and a 1-year high of $19.00.

In related news, CFO Ryan Hummer purchased 9,608 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The stock was bought at an average price of $6.00 per share, with a total value of $57,648.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John D. Deane purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 11th. The stock was bought at an average cost of $6.46 per share, with a total value of $129,200.00. The disclosure for this purchase can be found here. In the last three months, insiders sold 29,564 shares of company stock valued at $225,064. 11.70% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in NCS Multistage by 1.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 345,081 shares of the company’s stock worth $5,697,000 after acquiring an additional 4,991 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in NCS Multistage by 17.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 49,765 shares of the company’s stock worth $723,000 after purchasing an additional 7,519 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in NCS Multistage during the 4th quarter worth $63,000. Geode Capital Management LLC boosted its stake in NCS Multistage by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 177,676 shares of the company’s stock worth $904,000 after purchasing an additional 13,415 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in NCS Multistage during the 4th quarter worth $73,000. 97.77% of the stock is owned by institutional investors.

About NCS Multistage

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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