NCS Multistage (NASDAQ:NCSM) Stock Rating Upgraded by Wall Street Zen

NCS Multistage (NASDAQ:NCSM) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Several other analysts have also issued reports on NCSM. Singular Research raised NCS Multistage to a “strong-buy” rating in a report on Tuesday, November 11th. Zacks Research downgraded shares of NCS Multistage from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NCS Multistage in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, NCS Multistage has an average rating of “Moderate Buy”.

NCS Multistage Stock Down 2.4%

Shares of NCSM opened at $39.52 on Friday. The company has a current ratio of 4.39, a quick ratio of 2.65 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $100.38 million, a PE ratio of 8.70 and a beta of 0.48. The firm’s 50 day moving average is $39.19 and its 200-day moving average is $39.02. NCS Multistage has a 12 month low of $23.89 and a 12 month high of $53.69.

NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.20. The business had revenue of $46.54 million for the quarter, compared to the consensus estimate of $46.10 million. NCS Multistage had a return on equity of 12.10% and a net margin of 6.89%.

Insider Activity

In other news, Director Robert Nipper sold 3,147 shares of NCS Multistage stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $40.00, for a total transaction of $125,880.00. Following the transaction, the director owned 88,596 shares in the company, valued at approximately $3,543,840. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.00% of the company’s stock.

Institutional Trading of NCS Multistage

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in shares of NCS Multistage by 342.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock valued at $44,000 after buying an additional 668 shares during the last quarter. Heron Bay Capital Management acquired a new position in shares of NCS Multistage in the third quarter worth approximately $222,000. GSA Capital Partners LLP bought a new stake in NCS Multistage in the third quarter valued at approximately $296,000. Citadel Advisors LLC acquired a new stake in NCS Multistage during the 3rd quarter valued at approximately $299,000. Finally, NewEdge Advisors LLC increased its position in NCS Multistage by 3,774.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock valued at $241,000 after purchasing an additional 7,964 shares during the period. 70.91% of the stock is currently owned by institutional investors and hedge funds.

About NCS Multistage

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.