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

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

Other analysts also recently issued reports about the stock. Singular Research upgraded shares of NCS Multistage to a “strong-buy” rating in a report on Tuesday, November 11th. Zacks Research downgraded shares of NCS Multistage from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NCS Multistage in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

NCS Multistage Price Performance

NCSM stock opened at $39.52 on Friday. The stock has a 50-day moving average price of $39.19 and a two-hundred day moving average price of $39.02. NCS Multistage has a 1 year low of $23.89 and a 1 year high of $53.69. The stock has a market cap of $100.38 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.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.20. The business had revenue of $46.54 million during the quarter, compared to the consensus estimate of $46.10 million. NCS Multistage had a return on equity of 12.10% and a net margin of 6.89%.

Insiders Place Their Bets

In other NCS Multistage news, Director Robert Nipper sold 3,147 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $40.00, for a total transaction of $125,880.00. Following the completion of the sale, the director directly owned 88,596 shares in the company, valued at $3,543,840. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NCS Multistage

Several institutional investors and hedge funds have recently made changes to their positions in the company. Inspire Advisors LLC acquired a new stake in NCS Multistage during the 2nd quarter worth approximately $430,000. Bailard Inc. grew its holdings in NCS Multistage by 26.1% in the 3rd quarter. Bailard Inc. now owns 8,687 shares of the company’s stock valued at $444,000 after buying an additional 1,800 shares in the last quarter. GSA Capital Partners LLP bought a new position in NCS Multistage during the 3rd quarter worth $296,000. Heron Bay Capital Management bought a new position in NCS Multistage during the 3rd quarter worth $222,000. Finally, Citadel Advisors LLC acquired a new stake in shares of NCS Multistage during the third quarter worth $299,000. Institutional investors and hedge funds 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.