NCS Multistage (NASDAQ:NCSM) Issues Earnings Results

NCS Multistage (NASDAQ:NCSM) released its quarterly earnings results on Thursday. The company reported ($1.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.88) by ($0.83), Zacks reports. NCS Multistage had a net margin of 10.78% and a return on equity of 6.58%. The firm had revenue of $38.36 million for the quarter, compared to analysts’ expectations of $37.60 million.

NCS Multistage Trading Up 1.1%

Shares of NASDAQ:NCSM traded up $0.51 on Friday, reaching $45.93. 740 shares of the company traded hands, compared to its average volume of 24,066. The business’s 50-day simple moving average is $47.18 and its 200 day simple moving average is $50.45. NCS Multistage has a 52 week low of $29.48 and a 52 week high of $87.36. The stock has a market capitalization of $120.57 million, a P/E ratio of 6.65 and a beta of 0.16. The company has a current ratio of 5.35, a quick ratio of 3.48 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

Several brokerages have recently commented on NCSM. Wall Street Zen upgraded NCS Multistage to a “hold” rating in a research report on Saturday, July 18th. Zacks Research raised NCS Multistage from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings cut shares of NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On NCS Multistage

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in NCS Multistage in the third quarter valued at approximately $299,000. Geode Capital Management LLC raised its holdings in NCS Multistage by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 10,153 shares of the company’s stock valued at $401,000 after buying an additional 411 shares during the last quarter. NewEdge Advisors LLC grew its holdings in NCS Multistage by 46.5% in the 4th quarter. NewEdge Advisors LLC now owns 10,383 shares of the company’s stock worth $410,000 after acquiring an additional 3,296 shares during the last quarter. Empowered Funds LLC increased its position in shares of NCS Multistage by 7.3% in the first quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock valued at $752,000 after acquiring an additional 1,455 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of NCS Multistage by 20.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,044 shares of the company’s stock valued at $832,000 after acquiring an additional 3,571 shares during the last quarter. 70.91% of the stock is currently owned by institutional investors.

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.