NCS Multistage (NASDAQ:NCSM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of NCS Multistage (NASDAQ:NCSM) to a hold rating in a report published on Saturday.

A number of other research analysts also recently issued reports on the company. Zacks Research upgraded NCS Multistage from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings cut NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

NCS Multistage Trading Down 3.7%

Shares of NCSM opened at $41.96 on Friday. The stock has a market capitalization of $109.94 million, a P/E ratio of 6.07 and a beta of 0.16. NCS Multistage has a twelve month low of $29.48 and a twelve month high of $87.36. The company has a quick ratio of 3.48, a current ratio of 5.35 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $46.80 and a two-hundred day simple moving average of $50.09.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.47). The firm had revenue of $45.64 million during the quarter, compared to analysts’ expectations of $51.22 million. NCS Multistage had a net margin of 10.78% and a return on equity of 6.58%. On average, research analysts anticipate that NCS Multistage will post 2.53 EPS for the current year.

Institutional Investors Weigh In On NCS Multistage

Several institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of NCS Multistage by 46.5% during the fourth quarter. NewEdge Advisors LLC now owns 10,383 shares of the company’s stock valued at $410,000 after buying an additional 3,296 shares during the period. Empowered Funds LLC raised its stake in NCS Multistage by 5.5% in the fourth quarter. Empowered Funds LLC now owns 19,853 shares of the company’s stock worth $784,000 after buying an additional 1,042 shares in the last quarter. Geode Capital Management LLC lifted its holdings in NCS Multistage by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 10,153 shares of the company’s stock worth $401,000 after buying an additional 411 shares during the period. Citadel Advisors LLC purchased a new stake in NCS Multistage in the third quarter worth about $299,000. Finally, PNC Financial Services Group Inc. boosted its position in NCS Multistage by 342.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock valued at $44,000 after acquiring an additional 668 shares in the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc is an oilfield services company that designs, engineers and manufactures downhole completion systems for use in hydraulic fracturing operations across North America. Specializing in multi?stage stimulation technologies, the company’s product portfolio includes composite frac plugs, open?hole frac systems and mechanical isolation tools that enable producers to optimize well performance in unconventional reservoirs. Its tools are employed in plug-and-perf operations, horizontal completions and re-entry applications, providing zonal isolation and pressure integrity throughout the fracturing process.

In addition to its core frac plug offerings, NCS Multistage provides a range of complementary services including on-site rig support, tool installation supervision and pressure testing.