NCS Multistage (NASDAQ:NCSM) has been given a $10.00 price target by stock analysts at Piper Jaffray Companies in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Piper Jaffray Companies’ target price points to a potential upside of 29.87% from the company’s previous close.
NCSM has been the topic of several other research reports. Wells Fargo & Co lowered shares of NCS Multistage from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a research report on Monday, October 15th. BidaskClub lowered shares of NCS Multistage from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Zacks Investment Research lowered shares of NCS Multistage from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Finally, TheStreet lowered shares of NCS Multistage from a “c-” rating to a “d+” rating in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.00.
NASDAQ NCSM opened at $7.70 on Thursday. NCS Multistage has a 12-month low of $6.99 and a 12-month high of $22.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.73 and a current ratio of 3.74. The company has a market capitalization of $363.76 million, a PE ratio of 38.50 and a beta of 2.14.
In related news, CAO Wade Bitter sold 12,750 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $16.27, for a total transaction of $207,442.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 11.70% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Viking Fund Management LLC purchased a new position in NCS Multistage in the 3rd quarter worth approximately $165,000. JPMorgan Chase & Co. grew its stake in NCS Multistage by 54.5% in the 1st quarter. JPMorgan Chase & Co. now owns 12,257 shares of the company’s stock worth $184,000 after buying an additional 4,322 shares in the last quarter. Millennium Management LLC purchased a new position in NCS Multistage in the 1st quarter worth approximately $257,000. Energy Opportunities Capital Management LLC purchased a new position in NCS Multistage in the 2nd quarter worth approximately $259,000. Finally, Gagnon Securities LLC grew its stake in NCS Multistage by 40.2% in the 2nd quarter. Gagnon Securities LLC now owns 36,026 shares of the company’s stock worth $523,000 after buying an additional 10,328 shares in the last quarter. 95.87% of the stock is owned by institutional investors.
About NCS Multistage
NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.
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