Zacks Research upgraded shares of NCS Multistage (NASDAQ:NCSM – Free Report) from a strong sell rating to a hold rating in a research note published on Wednesday,Zacks.com reports.
A number of other brokerages also recently weighed in on NCSM. Wall Street Zen downgraded shares of NCS Multistage from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NCS Multistage presently has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on NCS Multistage
NCS Multistage Price Performance
NCS Multistage (NASDAQ:NCSM – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.47). NCS Multistage had a return on equity of 6.58% and a net margin of 10.78%.The business had revenue of $45.64 million during the quarter, compared to the consensus estimate of $51.22 million. On average, research analysts expect that NCS Multistage will post 2.53 EPS for the current fiscal year.
Institutional Trading of NCS Multistage
Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in shares of NCS Multistage by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 10,153 shares of the company’s stock valued at $401,000 after acquiring an additional 411 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in NCS Multistage by 342.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock valued at $44,000 after acquiring an additional 668 shares during the period. Tucker Asset Management LLC bought a new position in NCS Multistage during the 4th quarter worth approximately $34,000. Empowered Funds LLC grew 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 worth $784,000 after acquiring an additional 1,042 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in NCS Multistage by 3.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company’s stock worth $1,179,000 after purchasing an additional 1,042 shares during the period. 70.91% of the stock is currently owned by hedge funds and other institutional investors.
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.
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