NCS Multistage (NASDAQ:NCSM) Downgraded to “Buy” Rating by Wall Street Zen

NCS Multistage (NASDAQ:NCSM) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other equities research analysts also recently weighed in on NCSM. Weiss Ratings raised NCS Multistage from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Zacks Research upgraded NCS Multistage from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

NCS Multistage Stock Performance

NCSM opened at $73.00 on Friday. The company has a current ratio of 4.27, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. NCS Multistage has a 12-month low of $25.09 and a 12-month high of $75.57. The firm has a 50 day moving average of $48.07 and a two-hundred day moving average of $43.72. The firm has a market capitalization of $186.15 million, a PE ratio of 8.53 and a beta of 0.55.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings data on Wednesday, March 4th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $0.70 by $0.90. The business had revenue of $50.63 million for the quarter, compared to the consensus estimate of $43.60 million. NCS Multistage had a net margin of 12.93% and a return on equity of 10.32%.

Institutional Investors Weigh In On NCS Multistage

A number of institutional investors have recently modified their holdings of NCSM. Tucker Asset Management LLC acquired a new position in NCS Multistage in the 4th quarter worth about $34,000. PNC Financial Services Group Inc. raised its stake in shares of NCS Multistage by 342.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after buying an additional 668 shares during the period. Heron Bay Capital Management purchased a new position in shares of NCS Multistage during the 3rd quarter valued at approximately $222,000. NewEdge Advisors LLC grew its stake in NCS Multistage by 3,774.4% in the 2nd quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock valued at $241,000 after acquiring an additional 7,964 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in NCS Multistage in the 3rd quarter worth $296,000. 70.91% of the stock is currently owned by institutional investors and hedge funds.

NCS Multistage Company Profile

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.