NCS Multistage Holdings, Inc. (NCSM) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) from a hold rating to a buy rating in a report issued on Wednesday morning. They currently have $24.00 target price on the stock.

According to Zacks, “NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and field development strategies primarily in the United States and internationally. NCS Multistage Holdings Inc. is headquartered in Houston, Texas. “

NCSM has been the subject of several other reports. Citigroup Inc set a $32.00 price objective on NCS Multistage Holdings and gave the stock a buy rating in a research note on Thursday, October 5th. Royal Bank Of Canada set a $30.00 price objective on NCS Multistage Holdings and gave the stock a buy rating in a research note on Saturday, October 7th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. NCS Multistage Holdings currently has a consensus rating of Buy and an average target price of $28.50.

Shares of NCS Multistage Holdings (NCSM) opened at $21.59 on Wednesday.

NCS Multistage Holdings (NASDAQ:NCSM) last released its quarterly earnings data 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 the consensus estimate of $29.14 million. sell-side analysts predict that NCS Multistage Holdings will post 0.34 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “NCS Multistage Holdings, Inc. (NCSM) Raised to “Buy” at Zacks Investment Research” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.com-unik.info/2017/11/04/ncs-multistage-holdings-inc-ncsm-raised-to-buy-at-zacks-investment-research.html.

Institutional investors have recently modified their holdings of the company. FMR LLC acquired a new stake in shares of NCS Multistage Holdings in the second quarter worth $55,521,000. Jennison Associates LLC acquired a new stake in shares of NCS Multistage Holdings in the second quarter worth $11,549,000. Goldman Sachs Group Inc. acquired a new stake in shares of NCS Multistage Holdings in the second quarter worth $21,959,000. Federated Investors Inc. PA acquired a new stake in shares of NCS Multistage Holdings in the second quarter worth $2,447,000. Finally, LMR Partners LLP acquired a new stake in shares of NCS Multistage Holdings in the second quarter worth $557,000. 91.58% of the stock is owned by institutional investors and hedge funds.

About NCS Multistage Holdings

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.

Get a free copy of the Zacks research report on NCS Multistage Holdings (NCSM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for NCS Multistage Holdings (NASDAQ:NCSM)

What are top analysts saying about NCS Multistage Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NCS Multistage Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit