NCS Multistage (NASDAQ:NCSM) Stock Rating Lowered by Zacks Research

NCS Multistage (NASDAQ:NCSM) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of NCS Multistage from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of NCS Multistage from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, NCS Multistage presently has an average rating of “Buy”.

NCS Multistage Stock Performance

Shares of NCSM stock opened at $40.93 on Monday. The company has a current ratio of 5.35, a quick ratio of 3.48 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $62.40 and a 200-day simple moving average of $47.36. The company has a market cap of $107.24 million, a price-to-earnings ratio of 5.92 and a beta of 0.25. NCS Multistage has a 12-month low of $28.64 and a 12-month high of $87.36.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.47). NCS Multistage had a net margin of 10.78% and a return on equity of 6.58%. The business had revenue of $45.64 million during the quarter, compared to analysts’ expectations of $51.22 million. On average, equities analysts forecast that NCS Multistage will post 3.42 EPS for the current year.

Institutional Investors Weigh In On NCS Multistage

Large investors have recently added to or reduced their stakes in the business. Tucker Asset Management LLC acquired a new position in NCS Multistage during the fourth quarter worth about $34,000. PNC Financial Services Group Inc. grew its position in shares of NCS Multistage by 342.6% in the third quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock valued at $44,000 after purchasing an additional 668 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of NCS Multistage during the 1st quarter worth approximately $223,000. Heron Bay Capital Management acquired a new position in shares of NCS Multistage during the 3rd quarter worth approximately $222,000. Finally, GSA Capital Partners LLP acquired a new position in shares of NCS Multistage during the 3rd quarter worth approximately $296,000. 70.91% of the stock is owned by institutional investors and hedge funds.

NCS Multistage Company Profile

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.