According to Zacks, “NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and field development strategies primarily in the United States and internationally. NCS Multistage Holdings Inc. is headquartered in Houston, Texas. “
A number of other equities research analysts have also issued reports on the stock. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Piper Jaffray Companies lowered shares of NCS Multistage from an “overweight” rating to a “neutral” rating and set a $3.80 target price on the stock. in a research note on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.86.
Shares of NCS Multistage stock opened at $2.90 on Tuesday. The firm has a 50-day moving average of $3.08. The company has a current ratio of 5.44, a quick ratio of 3.72 and a debt-to-equity ratio of 0.14. NCS Multistage has a 1 year low of $2.46 and a 1 year high of $17.63.
NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Monday, May 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $52.85 million for the quarter, compared to analyst estimates of $54.65 million. NCS Multistage had a negative net margin of 101.98% and a negative return on equity of 1.11%. Sell-side analysts forecast that NCS Multistage will post -0.24 earnings per share for the current year.
In other NCS Multistage news, CFO Ryan Hummer acquired 50,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average price of $2.63 per share, with a total value of $131,500.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers acquired 40,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were acquired at an average cost of $2.57 per share, with a total value of $102,800.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 140,000 shares of company stock worth $364,800. Company insiders own 11.90% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its position in shares of NCS Multistage by 712.8% during the 1st quarter. Bank of Montreal Can now owns 5,251 shares of the company’s stock valued at $27,000 after buying an additional 4,605 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of NCS Multistage during the 4th quarter valued at about $64,000. Rhumbline Advisers bought a new stake in shares of NCS Multistage during the 4th quarter valued at about $73,000. Energy Opportunities Capital Management LLC bought a new stake in shares of NCS Multistage during the 4th quarter valued at about $76,000. Finally, Spark Investment Management LLC bought a new stake in shares of NCS Multistage during the 1st quarter valued at about $194,000. 90.77% of the stock is owned by institutional investors and hedge funds.
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, Canada, 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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