NCS Multistage (NASDAQ:NCSM) Raised to Strong-Buy at Wall Street Zen

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

Several other equities analysts also recently issued reports on NCSM. Weiss Ratings raised shares of NCS Multistage from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Zacks Research upgraded NCS Multistage from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

NCS Multistage Stock Performance

Shares of NCSM opened at $63.16 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.91 and a current ratio of 4.27. The company has a market capitalization of $165.48 million, a price-to-earnings ratio of 7.38 and a beta of 0.34. The company’s 50 day simple moving average is $52.60 and its 200 day simple moving average is $44.63. NCS Multistage has a 1 year low of $25.09 and a 1 year high of $75.57.

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

Hedge Funds Weigh In On NCS Multistage

Large investors have recently bought and sold shares of the stock. Truffle Hound Capital LLC purchased a new position in NCS Multistage during the fourth quarter worth approximately $1,462,000. Bailard Inc. raised its stake in NCS Multistage by 26.1% during the third quarter. Bailard Inc. now owns 8,687 shares of the company’s stock worth $444,000 after purchasing an additional 1,800 shares during the period. GSA Capital Partners LLP purchased a new position in NCS Multistage during the third quarter worth approximately $296,000. Heron Bay Capital Management purchased a new position in NCS Multistage during the third quarter worth approximately $222,000. Finally, Tucker Asset Management LLC purchased a new position in NCS Multistage during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 70.91% of the company’s stock.

About NCS Multistage

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.