Wall Street Zen upgraded shares of NCS Multistage (NASDAQ:NCSM – Free Report) to a hold rating in a research note published on Saturday morning.
Other research analysts also recently issued research reports about the stock. Zacks Research upgraded shares of NCS Multistage from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings cut shares of NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Get Our Latest Research Report on NCS Multistage
NCS Multistage Price Performance
NCS Multistage (NASDAQ:NCSM – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.47). The firm had revenue of $45.64 million during the quarter, compared to the consensus estimate of $51.22 million. NCS Multistage had a return on equity of 6.58% and a net margin of 10.78%. Sell-side analysts forecast that NCS Multistage will post 2.53 EPS for the current fiscal year.
Institutional Investors Weigh In On NCS Multistage
A number of hedge funds have recently made changes to their positions in NCSM. Tucker Asset Management LLC purchased a new position in shares of NCS Multistage in the 4th quarter worth about $34,000. PNC Financial Services Group Inc. increased its holdings in NCS Multistage by 342.6% during the third quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after buying an additional 668 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in NCS Multistage in the first quarter worth about $223,000. Bank of America Corp DE raised its position in NCS Multistage by 397,500.0% in the first quarter. Bank of America Corp DE now owns 3,976 shares of the company’s stock worth $246,000 after acquiring an additional 3,975 shares during the period. Finally, Citadel Advisors LLC purchased a new position in NCS Multistage in the third quarter valued at about $299,000. 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.
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