NCS Multistage (NASDAQ:NCSM) Upgraded by Wall Street Zen to Strong-Buy Rating
by Mitch Edgeman · The Markets DailyWall Street Zen upgraded shares of NCS Multistage (NASDAQ:NCSM – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.
Other research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of NCS Multistage in a research note on Monday, December 29th. Singular Research upgraded NCS Multistage to a “strong-buy” rating in a research report on Tuesday, November 11th. Finally, Zacks Research lowered NCS Multistage from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.
View Our Latest Stock Report on NCSM
NCS Multistage Trading Down 2.4%
Shares of NCS Multistage stock opened at $39.52 on Friday. The firm has a market capitalization of $100.42 million, a PE ratio of 8.70 and a beta of 0.48. The company has a current ratio of 4.39, a quick ratio of 2.65 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $39.19 and its 200 day moving average is $39.08. NCS Multistage has a 1 year low of $23.89 and a 1 year high of $53.69.
NCS Multistage (NASDAQ:NCSM – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.17 by $0.20. NCS Multistage had a net margin of 6.89% and a return on equity of 12.10%. The business had revenue of $46.54 million during the quarter, compared to the consensus estimate of $46.10 million.
Insider Activity
In related news, Director Robert Nipper sold 3,147 shares of NCS Multistage stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $40.00, for a total value of $125,880.00. Following the transaction, the director directly owned 88,596 shares of the company’s stock, valued at $3,543,840. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in shares of 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 period. Heron Bay Capital Management bought a new stake in NCS Multistage during the third quarter valued at $222,000. NewEdge Advisors LLC boosted its position in NCS Multistage by 3,774.4% during the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock valued at $241,000 after acquiring an additional 7,964 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in NCS Multistage during the 3rd quarter worth about $296,000. Finally, Citadel Advisors LLC bought a new position in shares of NCS Multistage in the 3rd quarter worth about $299,000. 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.