NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and field development strategies primarily in the United States and internationally. NCS Multistage Holdings Inc. is headquartered in Houston, Texas. “

Several other analysts have also issued reports on NCSM. Royal Bank Of Canada assumed coverage on shares of NCS Multistage Holdings in a report on Tuesday, May 23rd. They issued an “outperform” rating and a $29.00 price objective on the stock. Piper Jaffray Companies began coverage on shares of NCS Multistage Holdings in a research note on Tuesday, May 23rd. They set an “overweight” rating and a $28.00 price target on the stock. Wells Fargo & Company began coverage on shares of NCS Multistage Holdings in a research note on Tuesday, May 23rd. They set an “outperform” rating on the stock. J P Morgan Chase & Co began coverage on shares of NCS Multistage Holdings in a research note on Tuesday, May 23rd. They set a “neutral” rating on the stock. Finally, Raymond James Financial, Inc. began coverage on shares of NCS Multistage Holdings in a research note on Thursday, June 15th. They set an “outperform” rating and a $30.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.83.

NCS Multistage Holdings (NCSM) traded down 4.32% during mid-day trading on Thursday, reaching $20.39. 36,589 shares of the company were exchanged. The stock’s 50-day moving average price is $20.88 and its 200-day moving average price is $22.22. The stock has a market capitalization of $888.09 million and a price-to-earnings ratio of 926.82. NCS Multistage Holdings has a 1-year low of $10.19 and a 1-year high of $29.07.

NCS Multistage Holdings (NASDAQ:NCSM) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The company had revenue of $36.86 million during the quarter, compared to analysts’ expectations of $29.14 million. On average, equities research analysts anticipate that NCS Multistage Holdings will post $0.34 EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of the business. FMR LLC purchased a new stake in NCS Multistage Holdings during the second quarter worth about $55,521,000. Lazard Asset Management LLC purchased a new stake in NCS Multistage Holdings during the second quarter worth about $38,015,000. Goldman Sachs Group Inc. purchased a new stake in NCS Multistage Holdings during the second quarter worth about $21,959,000. Vanguard Group Inc. purchased a new stake in NCS Multistage Holdings during the second quarter worth about $13,697,000. Finally, Jennison Associates LLC purchased a new stake in NCS Multistage Holdings during the second quarter worth about $11,549,000. Institutional investors own 91.57% of the company’s stock.

NCS Multistage Holdings Company Profile

NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.

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Analyst Recommendations for NCS Multistage Holdings (NASDAQ:NCSM)

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