A number of research firms have changed their ratings and price targets for NCS Multistage (NASDAQ: NCSM):

  • 5/16/2019 – NCS Multistage was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 5/9/2019 – NCS Multistage was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 5/8/2019 – NCS Multistage was given a new $6.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 5/1/2019 – NCS Multistage was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/23/2019 – NCS Multistage was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/26/2019 – NCS Multistage was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Shares of NASDAQ NCSM traded up $0.07 during trading hours on Tuesday, reaching $2.85. The stock had a trading volume of 108,767 shares, compared to its average volume of 106,032. The company has a current ratio of 5.44, a quick ratio of 3.72 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $129.74 million, a price-to-earnings ratio of 14.25 and a beta of 1.90. NCS Multistage Holdings Inc has a twelve month low of $2.72 and a twelve month high of $17.78.

NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Monday, May 6th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). NCS Multistage had a negative return on equity of 1.11% and a negative net margin of 101.98%. The business had revenue of $52.85 million during the quarter, compared to analyst estimates of $54.65 million. On average, research analysts anticipate that NCS Multistage Holdings Inc will post -0.23 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in NCSM. American Century Companies Inc. acquired a new stake in shares of NCS Multistage during the fourth quarter worth about $4,264,000. ArrowMark Colorado Holdings LLC raised its position in NCS Multistage by 35.6% in the 1st quarter. ArrowMark Colorado Holdings LLC now owns 2,134,303 shares of the company’s stock valued at $11,056,000 after buying an additional 560,861 shares during the last quarter. Vanguard Group Inc raised its position in NCS Multistage by 20.2% in the 3rd quarter. Vanguard Group Inc now owns 930,339 shares of the company’s stock valued at $15,360,000 after buying an additional 156,341 shares during the last quarter. Vanguard Group Inc. raised its position in NCS Multistage by 20.2% in the 3rd quarter. Vanguard Group Inc. now owns 930,339 shares of the company’s stock valued at $15,360,000 after buying an additional 156,341 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in NCS Multistage by 420.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 190,817 shares of the company’s stock valued at $3,150,000 after buying an additional 154,153 shares during the last quarter. Hedge funds and other institutional investors own 92.57% of the company’s stock.

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, Canada, 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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