NCS Multistage (NCSM) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of NCS Multistage (NASDAQ:NCSM) from a sell rating to a hold rating in a report issued on Friday morning.

A number of other equities analysts also recently issued reports on NCSM. Zacks Investment Research downgraded NCS Multistage from a buy rating to a hold rating in a research note on Tuesday, September 26th. ValuEngine downgraded NCS Multistage from a hold rating to a sell rating in a research note on Sunday, December 31st. Citigroup set a $32.00 price target on NCS Multistage and gave the stock a buy rating in a research note on Thursday, October 5th. Piper Jaffray Companies set a $20.00 price target on NCS Multistage and gave the stock a buy rating in a research note on Thursday, December 21st. Finally, Royal Bank of Canada set a $30.00 price target on NCS Multistage and gave the stock a buy rating in a research note on Saturday, October 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $25.14.

NCS Multistage (NCSM) remained flat at $$17.44 during mid-day trading on Friday. The company’s stock had a trading volume of 97,022 shares, compared to its average volume of 115,040. NCS Multistage has a 12-month low of $13.85 and a 12-month high of $29.07. The company has a quick ratio of 2.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.06.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings results on Monday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). The firm had revenue of $55.96 million during the quarter, compared to analysts’ expectations of $58.92 million. NCS Multistage had a return on equity of 2.22% and a net margin of 2.42%. research analysts predict that NCS Multistage will post 0.2 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCSM. FMR LLC purchased a new position in NCS Multistage during the second quarter valued at $55,521,000. Lazard Asset Management LLC purchased a new position in NCS Multistage during the second quarter valued at $38,015,000. Boston Partners purchased a new position in NCS Multistage during the third quarter valued at $22,021,000. Goldman Sachs Group Inc. purchased a new position in NCS Multistage during the second quarter valued at $21,959,000. Finally, Vanguard Group Inc. purchased a new position in NCS Multistage during the second quarter valued at $13,697,000. Institutional investors own 93.02% of the company’s stock.

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NCS Multistage Company Profile

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.

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