NCS Multistage Holdings Inc (NASDAQ:NCSM) has received an average recommendation of “Hold” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.33.
Several equities research analysts have commented on the stock. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut shares of Cars.com from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Piper Jaffray Companies cut shares of NCS Multistage from an “overweight” rating to a “neutral” rating and set a $3.80 price target for the company. in a report on Tuesday, June 25th.
In other NCS Multistage news, Director Franklin Myers bought 40,000 shares of NCS Multistage stock in a transaction that occurred on Friday, May 24th. The stock was acquired at an average price of $2.57 per share, for a total transaction of $102,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ryan Hummer bought 50,000 shares of NCS Multistage stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average price of $2.63 per share, with a total value of $131,500.00. The disclosure for this purchase can be found here. Insiders bought 140,000 shares of company stock valued at $364,800 in the last quarter. Corporate insiders own 11.90% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in NCSM. Bank of Montreal Can boosted its holdings in NCS Multistage by 712.8% during the first quarter. Bank of Montreal Can now owns 5,251 shares of the company’s stock worth $27,000 after purchasing an additional 4,605 shares during the last quarter. Paloma Partners Management Co acquired a new position in NCS Multistage during the fourth quarter worth $64,000. Rhumbline Advisers acquired a new position in NCS Multistage during the fourth quarter worth $73,000. Energy Opportunities Capital Management LLC acquired a new position in NCS Multistage during the fourth quarter worth $76,000. Finally, Spark Investment Management LLC acquired a new position in NCS Multistage during the first quarter worth $194,000. Institutional investors and hedge funds own 90.77% of the company’s stock.
Shares of NCSM traded down $0.16 on Tuesday, reaching $2.84. 71,763 shares of the company’s stock were exchanged, compared to its average volume of 105,998. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.44 and a quick ratio of 3.72. The stock has a market cap of $132.54 million, a PE ratio of 14.20 and a beta of 2.55. The stock’s 50 day simple moving average is $3.07. NCS Multistage has a 12 month low of $2.46 and a 12 month high of $17.63.
NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The business had revenue of $52.85 million during the quarter, compared to the consensus estimate of $54.65 million. NCS Multistage had a negative net margin of 101.98% and a negative return on equity of 1.11%. As a group, equities analysts forecast that NCS Multistage will post -0.24 EPS for the current fiscal year.
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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