NCS Multistage (NASDAQ:NCSM) has been given a $10.00 price objective by equities researchers at Piper Jaffray Companies in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. Piper Jaffray Companies’ target price suggests a potential upside of 29.87% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Royal Bank of Canada reiterated a “buy” rating and set a $19.00 price objective on shares of NCS Multistage in a report on Thursday, August 9th. BidaskClub upgraded shares of NCS Multistage from a “hold” rating to a “buy” rating in a report on Wednesday, August 1st. TheStreet cut shares of NCS Multistage from a “c-” rating to a “d+” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded shares of NCS Multistage from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of NCS Multistage in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.00.
Shares of NASDAQ NCSM opened at $7.70 on Thursday. The stock has a market cap of $363.76 million, a PE ratio of 38.50 and a beta of 2.14. NCS Multistage has a 1 year low of $6.99 and a 1 year high of $22.06. The company has a quick ratio of 2.73, a current ratio of 3.74 and a debt-to-equity ratio of 0.06.
NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $62.69 million for the quarter, compared to analyst estimates of $77.71 million. NCS Multistage had a net margin of 4.36% and a return on equity of 3.13%. As a group, research analysts anticipate that NCS Multistage will post 0.46 EPS for the current fiscal year.
In related news, CAO Wade Bitter sold 12,750 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $16.27, for a total transaction of $207,442.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11.70% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in NCS Multistage by 18.1% during the second quarter. FMR LLC now owns 4,311,228 shares of the company’s stock worth $62,642,000 after purchasing an additional 661,076 shares during the last quarter. Sapience Investments LLC boosted its holdings in NCS Multistage by 30.8% during the second quarter. Sapience Investments LLC now owns 715,226 shares of the company’s stock worth $10,392,000 after purchasing an additional 168,366 shares during the last quarter. Jennison Associates LLC boosted its holdings in NCS Multistage by 13.4% during the second quarter. Jennison Associates LLC now owns 569,590 shares of the company’s stock worth $8,276,000 after purchasing an additional 67,402 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in NCS Multistage by 6.7% during the second quarter. Public Employees Retirement Association of Colorado now owns 524,098 shares of the company’s stock worth $7,615,000 after purchasing an additional 32,900 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in NCS Multistage by 4.6% during the second quarter. BlackRock Inc. now owns 513,917 shares of the company’s stock worth $7,468,000 after purchasing an additional 22,742 shares during the last quarter. Institutional investors and hedge funds own 95.87% 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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