NCS Multistage (NASDAQ:NCSM) Upgraded at Zacks Research

NCS Multistage (NASDAQ:NCSM) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research firms also recently weighed in on NCSM. Weiss Ratings downgraded shares of NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Wall Street Zen downgraded shares of NCS Multistage from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

NCS Multistage Stock Up 3.5%

NCS Multistage stock opened at $44.59 on Wednesday. NCS Multistage has a fifty-two week low of $29.26 and a fifty-two week high of $87.36. The firm has a market capitalization of $117.05 million, a price-to-earnings ratio of 6.45 and a beta of 0.16. The stock’s fifty day moving average is $50.78 and its two-hundred day moving average is $49.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.48 and a current ratio of 5.35.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($1.47). NCS Multistage had a return on equity of 6.58% and a net margin of 10.78%.The firm had revenue of $45.64 million for the quarter, compared to analyst estimates of $51.22 million. Analysts predict that NCS Multistage will post 2.53 EPS for the current fiscal year.

Hedge Funds Weigh In On NCS Multistage

Institutional investors have recently added to or reduced their stakes in the business. Truffle Hound Capital LLC acquired a new position in NCS Multistage in the fourth quarter valued at $1,462,000. Bridgeway Capital Management LLC boosted its stake in NCS Multistage by 3.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company’s stock worth $1,179,000 after buying an additional 1,042 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in NCS Multistage by 14.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 23,993 shares of the company’s stock worth $1,484,000 after buying an additional 2,949 shares during the last quarter. UBS Group AG grew its holdings in NCS Multistage by 9,535.4% in the 3rd quarter. UBS Group AG now owns 23,703 shares of the company’s stock valued at $1,210,000 after buying an additional 23,457 shares during the period. Finally, Empowered Funds LLC grew its holdings in NCS Multistage by 7.3% in the 1st quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock valued at $752,000 after buying an additional 1,455 shares during the period. 70.91% of the stock is currently owned by institutional investors and hedge funds.

NCS Multistage Company Profile

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.