NCS Multistage (NASDAQ:NCSM) Stock Rating Lowered by Wall Street Zen

NCS Multistage (NASDAQ:NCSM) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Other equities research analysts have also issued reports about the company. Zacks Research raised NCS Multistage from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Weiss Ratings upgraded NCS Multistage from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

NCS Multistage Price Performance

Shares of NCSM stock opened at $73.00 on Friday. The company has a market capitalization of $186.15 million, a P/E ratio of 8.53 and a beta of 0.55. The company’s 50-day simple moving average is $48.07 and its two-hundred day simple moving average is $43.65. NCS Multistage has a one year low of $25.09 and a one year high of $75.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.27 and a quick ratio of 2.91.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.90. NCS Multistage had a net margin of 12.93% and a return on equity of 10.32%. The firm had revenue of $50.63 million during the quarter, compared to the consensus estimate of $43.60 million.

Hedge Funds Weigh In On NCS Multistage

Large investors have recently bought and sold shares of the business. Empowered Funds LLC boosted its position in NCS Multistage by 5.5% during the 4th quarter. Empowered Funds LLC now owns 19,853 shares of the company’s stock valued at $784,000 after acquiring an additional 1,042 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of NCS Multistage by 20.4% in the 4th 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 period. Truffle Hound Capital LLC bought a new position in shares of NCS Multistage in the 4th quarter worth $1,462,000. Heron Bay Capital Management purchased a new stake in shares of NCS Multistage during the 3rd quarter worth $222,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of NCS Multistage during the 4th quarter worth $34,000. Institutional investors own 70.91% of the company’s stock.

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.