NCS Multistage (NASDAQ:NCSM) Announces Earnings Results
by Teresa Graham · The Cerbat GemNCS Multistage (NASDAQ:NCSM – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.47), FiscalAI reports. NCS Multistage had a return on equity of 10.32% and a net margin of 12.93%.The business had revenue of $45.64 million for the quarter, compared to analyst estimates of $51.22 million.
NCS Multistage Stock Performance
NCSM traded down $2.30 on Wednesday, hitting $76.00. The company had a trading volume of 19,282 shares, compared to its average volume of 21,622. The company’s fifty day moving average price is $62.08 and its 200 day moving average price is $47.22. NCS Multistage has a 1-year low of $28.64 and a 1-year high of $87.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.27 and a quick ratio of 2.91. The stock has a market cap of $199.50 million, a price-to-earnings ratio of 8.88 and a beta of 0.34.
Wall Street Analyst Weigh In
NCSM has been the subject of a number of research reports. Zacks Research upgraded NCS Multistage from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Wall Street Zen lowered NCS Multistage from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 19th. Finally, Weiss Ratings upgraded NCS Multistage from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.
View Our Latest Report on NCS Multistage
Institutional Investors Weigh In On NCS Multistage
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in NCS Multistage by 342.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after purchasing an additional 668 shares during the last quarter. Citadel Advisors LLC acquired a new stake in NCS Multistage in the 3rd quarter worth approximately $299,000. NewEdge Advisors LLC lifted its holdings in NCS Multistage by 3,774.4% in the 2nd quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock worth $241,000 after purchasing an additional 7,964 shares during the last quarter. Geode Capital Management LLC lifted its holdings in NCS Multistage by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 10,153 shares of the company’s stock worth $401,000 after purchasing an additional 411 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in NCS Multistage by 7.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 17,473 shares of the company’s stock worth $892,000 after purchasing an additional 1,200 shares during the last quarter. 70.91% of the stock is currently owned by institutional investors and hedge funds.
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.