Shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) have been given an average recommendation of “Buy” by the ten analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $27.60.

Several research analysts recently commented on NCSM shares. Zacks Investment Research raised shares of NCS Multistage from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, September 6th. Royal Bank of Canada set a $30.00 price objective on shares of NCS Multistage and gave the stock a “buy” rating in a report on Saturday, October 7th. Citigroup set a $32.00 price target on shares of NCS Multistage and gave the company a “buy” rating in a report on Thursday, October 5th. Credit Suisse Group cut their price target on shares of NCS Multistage from $27.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $30.00 price target (down from $35.00) on shares of NCS Multistage in a report on Wednesday, November 15th.

NCS Multistage (NASDAQ:NCSM) traded up $0.30 on Monday, reaching $15.35. 79,038 shares of the company traded hands, compared to its average volume of 143,955. NCS Multistage has a 52 week low of $13.85 and a 52 week high of $29.07. The company has a quick ratio of 2.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.06.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings data on Monday, November 13th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The business had revenue of $55.96 million during the quarter, compared to the consensus estimate of $58.92 million. NCS Multistage had a return on equity of 2.22% and a net margin of 2.42%. equities analysts expect that NCS Multistage will post 0.2 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new position in NCS Multistage in the 3rd quarter valued at $262,000. Beck Capital Management LLC raised its position in shares of NCS Multistage by 8.6% during the 3rd quarter. Beck Capital Management LLC now owns 32,036 shares of the company’s stock valued at $771,000 after buying an additional 2,525 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of NCS Multistage by 126.7% during the 3rd quarter. Wells Fargo & Company MN now owns 43,435 shares of the company’s stock valued at $1,046,000 after buying an additional 24,277 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of NCS Multistage during the 3rd quarter valued at $350,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of NCS Multistage during the 3rd quarter valued at $495,000. 93.02% of the stock is owned by hedge funds and other institutional investors.

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About NCS Multistage

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.

Analyst Recommendations for NCS Multistage (NASDAQ:NCSM)

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