NCS Multistage (NCSM) Upgraded at BidaskClub

NCS Multistage (NASDAQ:NCSM) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

NCSM has been the topic of a number of other research reports. Royal Bank of Canada decreased their price objective on NCS Multistage from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. UBS Group raised NCS Multistage from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Citigroup set a $32.00 price objective on NCS Multistage and gave the company a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered NCS Multistage from a “buy” rating to a “sell” rating in a research note on Saturday, November 18th. Finally, Raymond James Financial raised NCS Multistage from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. NCS Multistage presently has an average rating of “Buy” and an average price target of $25.14.

NCS Multistage (NASDAQ:NCSM) remained flat at $$17.44 on Friday. 97,022 shares of the company’s stock traded hands, compared to its average volume of 142,725. The company has a quick ratio of 2.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.06. The firm has a market cap of $759.62 and a price-to-earnings ratio of 193.78. NCS Multistage has a 52 week low of $13.85 and a 52 week high of $29.07.

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

Large investors have recently modified their holdings of the business. Nationwide Fund Advisors acquired a new stake in NCS Multistage in the 2nd quarter worth about $157,000. Strs Ohio boosted its stake in NCS Multistage by 131.3% in the 3rd quarter. Strs Ohio now owns 7,400 shares of the company’s stock worth $178,000 after buying an additional 4,200 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in NCS Multistage in the 2nd quarter worth about $201,000. The Manufacturers Life Insurance Company acquired a new stake in NCS Multistage in the 2nd quarter worth about $211,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in NCS Multistage in the 2nd quarter worth about $257,000. 93.02% of the stock is currently 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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