NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

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. “

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada reissued a “buy” rating and set a $30.00 price objective on shares of NCS Multistage Holdings in a research report on Thursday, July 20th. Tudor Pickering initiated coverage on NCS Multistage Holdings in a report on Thursday, June 1st. They set a “buy” rating on the stock. Citigroup Inc. initiated coverage on NCS Multistage Holdings in a report on Thursday, May 25th. They set a “buy” rating on the stock. J P Morgan Chase & Co initiated coverage on NCS Multistage Holdings in a report on Tuesday, May 23rd. They set a “neutral” rating on the stock. Finally, Raymond James Financial, Inc. initiated coverage on NCS Multistage Holdings in a report on Thursday, June 15th. They set an “outperform” rating and a $30.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. NCS Multistage Holdings presently has a consensus rating of “Buy” and a consensus target price of $29.00.

NCS Multistage Holdings (NCSM) opened at 21.86 on Friday. NCS Multistage Holdings has a 1-year low of $19.25 and a 1-year high of $29.07. The company has a 50-day moving average price of $21.90 and a 200 day moving average price of $22.75. The firm has a market capitalization of $952.11 million and a price-to-earnings ratio of 1040.95.

NCS Multistage Holdings (NASDAQ:NCSM) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). The firm had revenue of $36.86 million for the quarter, compared to analyst estimates of $29.14 million. Equities analysts anticipate that NCS Multistage Holdings will post $0.32 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the company. FMR LLC acquired a new position in NCS Multistage Holdings during the second quarter worth approximately $55,521,000. Lazard Asset Management LLC acquired a new position in NCS Multistage Holdings during the second quarter worth approximately $38,015,000. Vanguard Group Inc. acquired a new position in NCS Multistage Holdings during the second quarter worth approximately $13,697,000. Jennison Associates LLC acquired a new position in NCS Multistage Holdings during the second quarter worth approximately $11,549,000. Finally, Ameriprise Financial Inc. acquired a new position in NCS Multistage Holdings during the second quarter worth approximately $3,449,000. Institutional investors and hedge funds own 0.34% of the company’s stock.

About NCS Multistage Holdings

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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Analyst Recommendations for NCS Multistage Holdings (NASDAQ:NCSM)

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