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

NCS Multistage (NASDAQ:NCSM) was upgraded by Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Several other analysts also recently issued reports on the stock. Zacks Research raised shares of NCS Multistage from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings lowered NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

NCS Multistage Price Performance

NCSM stock opened at $43.59 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.35 and a quick ratio of 3.48. The company’s 50-day moving average is $46.80 and its 200-day moving average is $50.02. The stock has a market capitalization of $114.21 million, a PE ratio of 6.31 and a beta of 0.16. NCS Multistage has a 1 year low of $29.48 and a 1 year high of $87.36.

NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Wednesday, April 29th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.47). The firm had revenue of $45.64 million during the quarter, compared to the consensus estimate of $51.22 million. NCS Multistage had a net margin of 10.78% and a return on equity of 6.58%. Equities research analysts expect that NCS Multistage will post 2.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in shares of NCS Multistage by 397,500.0% during the 1st quarter. Bank of America Corp DE now owns 3,976 shares of the company’s stock worth $246,000 after purchasing an additional 3,975 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in NCS Multistage in the first quarter worth $372,000. Renaissance Technologies LLC raised its stake in shares of NCS Multistage by 17.5% in the first quarter. Renaissance Technologies LLC now owns 12,744 shares of the company’s stock valued at $788,000 after buying an additional 1,900 shares during the period. Walleye Capital LLC bought a new position in shares of NCS Multistage during the 1st quarter worth $575,000. Finally, Dimensional Fund Advisors LP increased its holdings in NCS Multistage by 14.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 23,993 shares of the company’s stock worth $1,484,000 after acquiring an additional 2,949 shares during the last quarter. 70.91% of the stock is currently owned by hedge funds and other institutional investors.

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.