BidaskClub upgraded shares of NCS Multistage (NASDAQ:NCSM) from a sell rating to a hold rating in a report issued on Friday, March 9th.
Several other research firms have also commented on NCSM. Royal Bank of Canada set a $30.00 target price on shares of NCS Multistage and gave the company a buy rating in a research note on Sunday, November 12th. Raymond James Financial reissued an outperform rating and set a $30.00 target price (up from $23.00) on shares of NCS Multistage in a research note on Thursday, January 18th. Zacks Investment Research lowered shares of NCS Multistage from a buy rating to a sell rating in a research note on Tuesday, January 23rd. ValuEngine lowered shares of NCS Multistage from a hold rating to a sell rating in a research note on Friday, February 2nd. Finally, UBS raised shares of NCS Multistage from an outperform rating to a strong-buy rating in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $24.25.
Shares of NASDAQ:NCSM traded up $0.08 during trading on Friday, reaching $15.08. The company had a trading volume of 103,344 shares, compared to its average volume of 158,367. The firm has a market cap of $667.24 and a P/E ratio of 75.00. NCS Multistage has a twelve month low of $13.85 and a twelve month 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.
NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings results on Thursday, March 8th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. NCS Multistage had a net margin of 1.04% and a return on equity of 2.29%. The company had revenue of $50.18 million during the quarter, compared to analyst estimates of $50.51 million. equities research analysts forecast that NCS Multistage will post 0.6 EPS for the current year.
In related news, EVP Kevin Trautner sold 1,440 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $17.67, for a total value of $25,444.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Marty Stromquist sold 110,478 shares of the company’s 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 sold 133,153 shares of company stock valued at $2,158,903.
Large investors have recently modified their holdings of the stock. State Street Corp purchased a new stake in shares of NCS Multistage in the 2nd quarter valued at approximately $3,523,000. Waratah Capital Advisors Ltd. acquired a new position in NCS Multistage in the 4th quarter valued at approximately $254,000. Lazard Asset Management LLC increased its stake in NCS Multistage by 24.4% in the 4th quarter. Lazard Asset Management LLC now owns 1,313,444 shares of the company’s stock valued at $19,360,000 after buying an additional 257,763 shares during the period. Vanguard Group Inc. acquired a new position in NCS Multistage in the 2nd quarter valued at approximately $13,697,000. Finally, Wells Fargo & Company MN acquired a new position in NCS Multistage in the 2nd quarter valued at approximately $483,000. Institutional investors and hedge funds own 93.12% of the company’s stock.
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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.
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