NCS Multistage Holdings, Inc. (NCSM) Given a $32.00 Price Target at Citigroup Inc.
Several other brokerages have also recently commented on NCSM. Raymond James Financial, Inc. began coverage on shares of NCS Multistage Holdings in a research note on Thursday, June 15th. They set an outperform rating and a $30.00 price objective for the company. Royal Bank Of Canada set a $29.00 price objective on shares of NCS Multistage Holdings and gave the company a buy rating in a research note on Friday, June 30th. Finally, Zacks Investment Research upgraded shares of NCS Multistage Holdings from a hold rating to a buy rating and set a $26.00 price objective for the company in a research note on Wednesday, September 20th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $28.83.
Shares of NCS Multistage Holdings (NCSM) traded down 6.17% on Thursday, reaching $21.30. 73,939 shares of the company were exchanged. The firm’s 50 day moving average price is $21.54 and its 200 day moving average price is $22.34. NCS Multistage Holdings has a 52 week low of $18.17 and a 52 week high of $29.07. The stock has a market capitalization of $927.74 million and a price-to-earnings ratio of 417.65.
NCS Multistage Holdings (NASDAQ:NCSM) last released its earnings results on Tuesday, August 8th. The company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $36.86 million for the quarter, compared to analysts’ expectations of $29.14 million. Equities research analysts anticipate that NCS Multistage Holdings will post $0.34 EPS for the current year.
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Several institutional investors and hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors acquired a new position in shares of NCS Multistage Holdings in the 2nd quarter valued at $157,000. Alliancebernstein L.P. acquired a new position in shares of NCS Multistage Holdings in the 2nd quarter valued at $201,000. The Manufacturers Life Insurance Company acquired a new position in shares of NCS Multistage Holdings in the 2nd quarter valued at $211,000. Parametric Portfolio Associates LLC acquired a new position in shares of NCS Multistage Holdings in the 2nd quarter valued at $257,000. Finally, Rhumbline Advisers acquired a new position in shares of NCS Multistage Holdings in the 2nd quarter valued at $276,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.
NCS Multistage Holdings Company Profile
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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