NCS Multistage Holdings Inc (NCSM) Receives $24.57 Average PT from Brokerages

Shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) have received a consensus rating of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $24.57.

NCSM has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $17.00 price target on shares of NCS Multistage and gave the company a “buy” rating in a report on Thursday, December 21st. Piper Jaffray Companies set a $20.00 price target on shares of NCS Multistage and gave the company a “buy” rating in a report on Thursday, December 21st. Zacks Investment Research upgraded shares of NCS Multistage from a “strong sell” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, January 17th. BidaskClub upgraded shares of NCS Multistage from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $20.00 price target (up previously from $19.00) on shares of NCS Multistage in a report on Tuesday, March 13th.

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In related news, COO Tim Willems sold 21,235 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $15.77, for a total transaction of $334,875.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Marty Stromquist sold 110,478 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $16.28, for a total transaction of $1,798,581.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,153 shares of company stock worth $2,158,903.

Institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new position in NCS Multistage during the second quarter valued at approximately $211,000. Parametric Portfolio Associates LLC bought a new position in NCS Multistage in the second quarter worth approximately $257,000. GSA Capital Partners LLP bought a new position in NCS Multistage in the third quarter worth approximately $262,000. Citadel Advisors LLC bought a new position in NCS Multistage in the third quarter worth approximately $350,000. Finally, Renaissance Technologies LLC bought a new position in NCS Multistage in the fourth quarter worth approximately $243,000. Institutional investors own 93.12% of the company’s stock.

NCSM stock traded down $0.74 during trading hours on Wednesday, hitting $15.66. 125,592 shares of the stock were exchanged, compared to its average volume of 141,743. NCS Multistage has a 1 year low of $13.85 and a 1 year high of $29.07. The company has a current ratio of 3.72, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $729.52 and a PE ratio of 86.32.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings results on Thursday, March 8th. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. NCS Multistage had a net margin of 1.04% and a return on equity of 2.29%. The firm had revenue of $50.18 million for the quarter, compared to analysts’ expectations of $50.51 million. sell-side analysts forecast that NCS Multistage will post 0.68 EPS for the current year.

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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.

Analyst Recommendations for NCS Multistage (NASDAQ:NCSM)

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