NCS Multistage (NASDAQ:NCSM) Upgraded at Zacks Research

Zacks Research upgraded shares of NCS Multistage (NASDAQ:NCSM) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of NCS Multistage in a research report on Monday, December 29th. Wall Street Zen upgraded shares of NCS Multistage from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 24th. Finally, Singular Research upgraded NCS Multistage to a “strong-buy” rating in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

NCS Multistage Stock Up 8.7%

NCSM opened at $67.01 on Monday. NCS Multistage has a 52 week low of $25.09 and a 52 week high of $68.40. The business has a 50 day moving average price of $40.88 and a two-hundred day moving average price of $41.37. The company has a quick ratio of 2.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.04. The company has a market cap of $170.61 million, a PE ratio of 7.83 and a beta of 0.55.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NCSM. Empowered Funds LLC boosted its stake in shares of NCS Multistage by 7.3% during the 1st quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock worth $752,000 after acquiring an additional 1,455 shares in the last quarter. Inspire Advisors LLC acquired a new position in NCS Multistage during the second quarter worth $430,000. NewEdge Advisors LLC raised its holdings in NCS Multistage by 3,774.4% during the second 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. Bailard Inc. raised its holdings 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 last quarter. Finally, PNC Financial Services Group Inc. boosted its position in 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 purchasing an additional 668 shares in the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.

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.