NCS Multistage Holdings Inc (NASDAQ:NCSM) has received a consensus rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $12.88.
A number of research analysts recently issued reports on the company. ValuEngine upgraded NCS Multistage from a “sell” rating to a “hold” rating in a research note on Monday, March 11th. Zacks Investment Research downgraded NCS Multistage from a “hold” rating to a “sell” rating in a research note on Thursday, May 16th. Piper Jaffray Companies set a $6.00 price objective on NCS Multistage and gave the company a “buy” rating in a research note on Wednesday, May 8th. Citigroup cut their price objective on NCS Multistage from $6.50 to $5.50 and set a “neutral” rating for the company in a research note on Tuesday, March 12th. Finally, BidaskClub upgraded NCS Multistage from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th.
In other NCS Multistage news, CFO Ryan Hummer purchased 50,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was acquired at an average cost of $2.63 per share, for a total transaction of $131,500.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Franklin Myers purchased 40,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was acquired at an average price of $2.57 per share, with a total value of $102,800.00. The disclosure for this purchase can be found here. Insiders acquired a total of 140,000 shares of company stock valued at $364,800 over the last 90 days. 11.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in NCS Multistage by 20.2% in the 3rd quarter. Vanguard Group Inc. now owns 930,339 shares of the company’s stock worth $15,360,000 after purchasing an additional 156,341 shares during the period. Foundry Partners LLC boosted its stake in NCS Multistage by 5.6% in the 1st quarter. Foundry Partners LLC now owns 386,113 shares of the company’s stock worth $2,000,000 after purchasing an additional 20,525 shares during the period. Energy Opportunities Capital Management LLC bought a new position in NCS Multistage in the 4th quarter worth approximately $76,000. Paloma Partners Management Co bought a new position in NCS Multistage in the 4th quarter worth approximately $64,000. Finally, Dimensional Fund Advisors LP boosted its stake in NCS Multistage by 51.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 288,572 shares of the company’s stock worth $1,469,000 after purchasing an additional 97,755 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.
Shares of NASDAQ:NCSM traded up $0.01 during mid-day trading on Friday, reaching $2.81. 42,229 shares of the company traded hands, compared to its average volume of 115,083. The company has a market cap of $120.41 million, a PE ratio of 14.05 and a beta of 2.16. 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 52 week low of $2.46 and a 52 week high of $17.63.
NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The company had revenue of $52.85 million during the quarter, compared to the consensus estimate of $54.65 million. NCS Multistage had a negative return on equity of 1.11% and a negative net margin of 101.98%. Equities research analysts predict that NCS Multistage will post -0.23 earnings per share for the current fiscal year.
About NCS Multistage
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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