NCS Multistage (NASDAQ:NCSM) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of NCS Multistage (NASDAQ:NCSM) from a strong-buy rating to a buy rating in a research note released on Saturday.

Several other research analysts have also commented on NCSM. Weiss Ratings upgraded NCS Multistage from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Zacks Research raised NCS Multistage from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, NCS Multistage currently has a consensus rating of “Strong Buy”.

NCS Multistage Price Performance

NCS Multistage stock opened at $62.09 on Friday. NCS Multistage has a 52-week low of $25.09 and a 52-week high of $75.57. The company has a quick ratio of 2.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average is $48.52 and its 200 day moving average is $43.75. The company has a market cap of $158.33 million, a price-to-earnings ratio of 7.25 and a beta of 0.55.

NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.90. The business had revenue of $50.63 million during the quarter, compared to analysts’ expectations of $43.60 million. NCS Multistage had a net margin of 12.93% and a return on equity of 10.32%.

Institutional Investors Weigh In On NCS Multistage

Several institutional investors have recently made changes to their positions in the company. Tucker Asset Management LLC bought a new position in NCS Multistage during the 4th quarter valued at about $34,000. PNC Financial Services Group Inc. raised its position in NCS Multistage by 342.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after purchasing an additional 668 shares during the period. Heron Bay Capital Management bought a new stake in NCS Multistage in the third quarter worth about $222,000. NewEdge Advisors LLC boosted its position in shares of NCS Multistage by 3,774.4% during the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock valued at $241,000 after buying an additional 7,964 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of NCS Multistage during the third quarter valued at approximately $296,000. Institutional investors own 70.91% of the company’s stock.

About NCS Multistage

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.