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

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 research firms also recently commented on NCSM. Raymond James Financial, Inc. began coverage on shares of NCS Multistage Holdings in a report on Thursday, June 15th. They issued an “outperform” rating and a $30.00 price objective on the stock. Citigroup Inc. began coverage on shares of NCS Multistage Holdings in a report on Thursday, June 15th. They issued an “outperform” rating and a $30.00 price objective on the stock. Finally, Royal Bank Of Canada set a $29.00 price objective on shares of NCS Multistage Holdings and gave the company a “buy” rating in a report on Friday, June 30th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. NCS Multistage Holdings currently has an average rating of “Buy” and an average price target of $28.83.

NCS Multistage Holdings (NCSM) opened at 22.01 on Wednesday. The company has a market capitalization of $958.65 million and a P/E ratio of 1000.45. The firm has a 50-day moving average of $21.69 and a 200 day moving average of $22.32. NCS Multistage Holdings has a 52-week low of $18.17 and a 52-week high of $29.07.

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

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC purchased a new stake in NCS Multistage Holdings during the second quarter worth $11,549,000. LMR Partners LLP purchased a new stake in NCS Multistage Holdings during the second quarter worth $557,000. Federated Investors Inc. PA purchased a new stake in NCS Multistage Holdings during the second quarter worth $2,447,000. Lazard Asset Management LLC purchased a new stake in NCS Multistage Holdings during the second quarter worth $38,015,000. Finally, Brant Point Investment Management LLC purchased a new stake in NCS Multistage Holdings during the second quarter worth $1,614,000. 91.57% of the stock is currently owned by hedge funds and other institutional investors.

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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