NCS Multistage (NCSM) Reaches New 1-Year High and Low at $13.01

NCS Multistage Holdings Inc (NASDAQ:NCSM) reached a new 52-week high and low during trading on Tuesday . The company traded as low as $13.01 and last traded at $13.48, with a volume of 4601 shares. The stock had previously closed at $13.16.

A number of equities research analysts recently commented on NCSM shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $20.00 price target (up previously from $19.00) on shares of NCS Multistage in a report on Tuesday, March 13th. BidaskClub raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a report on Friday, April 13th. Zacks Investment Research raised shares of NCS Multistage from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Saturday, May 12th. Finally, ValuEngine cut shares of NCS Multistage from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. NCS Multistage presently has an average rating of “Buy” and an average target price of $23.88.

The company has a current ratio of 3.69, a quick ratio of 2.74 and a debt-to-equity ratio of 0.06. The firm has a market cap of $614.79 million, a PE ratio of 65.05 and a beta of 0.44.

NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Tuesday, May 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. NCS Multistage had a net margin of 3.06% and a return on equity of 2.90%. The business had revenue of $70.69 million for the quarter, compared to analysts’ expectations of $69.65 million. equities analysts anticipate that NCS Multistage Holdings Inc will post 0.63 earnings per share for the current year.

In other news, EVP Kevin Trautner sold 5,400 shares of the business’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $17.33, for a total transaction of $93,582.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Marty Stromquist sold 110,478 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $16.28, for a total transaction of $1,798,581.84. The disclosure for this sale can be found here. Insiders have sold a total of 268,750 shares of company stock worth $4,471,451 in the last three months. Insiders own 11.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of NCS Multistage by 54.5% during the 1st quarter. JPMorgan Chase & Co. now owns 12,257 shares of the company’s stock valued at $184,000 after purchasing an additional 4,322 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of NCS Multistage during the 4th quarter valued at $243,000. Waratah Capital Advisors Ltd. purchased a new position in shares of NCS Multistage during the 4th quarter valued at $254,000. Millennium Management LLC purchased a new position in shares of NCS Multistage during the 1st quarter valued at $257,000. Finally, Swiss National Bank purchased a new position in shares of NCS Multistage during the 4th quarter valued at $273,000. Hedge funds and other institutional investors own 94.11% of the company’s stock.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.

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