NCS Multistage (NASDAQ:NCSM) Raised to Hold at Wall Street Zen

NCS Multistage (NASDAQ:NCSM) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Other equities analysts have also issued research reports about the stock. Zacks Research upgraded shares of NCS Multistage from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings downgraded shares of NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

NCS Multistage Stock Performance

NASDAQ:NCSM opened at $43.59 on Friday. The firm has a market capitalization of $114.21 million, a P/E ratio of 6.31 and a beta of 0.16. The business has a 50 day simple moving average of $46.80 and a 200 day simple moving average of $50.09. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.35 and a quick ratio of 3.48. NCS Multistage has a 12-month low of $29.48 and a 12-month high of $87.36.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NCSM. Bank of America Corp DE raised its stake in shares of NCS Multistage by 397,500.0% during the first quarter. Bank of America Corp DE now owns 3,976 shares of the company’s stock valued at $246,000 after purchasing an additional 3,975 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in NCS Multistage in the first quarter worth about $372,000. Renaissance Technologies LLC grew its position in NCS Multistage by 17.5% in the 1st quarter. Renaissance Technologies LLC now owns 12,744 shares of the company’s stock valued at $788,000 after buying an additional 1,900 shares in the last quarter. Walleye Capital LLC bought a new position in NCS Multistage in the 1st quarter valued at about $575,000. Finally, Dimensional Fund Advisors LP increased its stake in NCS Multistage by 14.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 23,993 shares of the company’s stock valued at $1,484,000 after buying an additional 2,949 shares during the period. 70.91% of the stock is 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.