Shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) have been given an average rating of “Hold” by the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.88.
Several brokerages recently commented on NCSM. Zacks Investment Research lowered shares of NCS Multistage from a “hold” rating to a “sell” rating in a research report on Thursday. Piper Jaffray Companies set a $6.00 price objective on shares of NCS Multistage and gave the company a “buy” rating in a research report on Wednesday, May 8th. ValuEngine lowered shares of NCS Multistage from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Citigroup cut their price target on shares of NCS Multistage from $6.50 to $5.50 and set a “neutral” rating on the stock in a report on Tuesday, March 12th. Finally, BidaskClub downgraded shares of NCS Multistage from a “hold” rating to a “sell” rating in a report on Thursday, February 28th.
Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of NCS Multistage by 420.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 190,817 shares of the company’s stock worth $3,150,000 after purchasing an additional 154,153 shares during the period. Vanguard Group Inc. lifted its position in shares of 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. Vanguard Group Inc lifted its position in NCS Multistage by 20.2% during the 3rd quarter. Vanguard Group Inc now owns 930,339 shares of the company’s stock valued at $15,360,000 after acquiring an additional 156,341 shares during the period. Nisa Investment Advisors LLC purchased a new position in NCS Multistage during the 4th quarter valued at about $63,000. Finally, Viking Fund Management LLC lifted its position in NCS Multistage by 550.0% during the 4th quarter. Viking Fund Management LLC now owns 65,000 shares of the company’s stock valued at $331,000 after acquiring an additional 55,000 shares during the period. Institutional investors own 92.57% of the company’s stock.
Shares of NCSM stock traded down $0.02 during mid-day trading on Monday, hitting $2.78. 116,200 shares of the stock traded hands, compared to its average volume of 105,978. The firm has a market cap of $131.14 million, a price-to-earnings ratio of 13.90 and a beta of 1.90. NCS Multistage has a 52-week low of $2.72 and a 52-week high of $17.81. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.72 and a current ratio of 5.44.
NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings results on Monday, May 6th. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The business had revenue of $52.85 million during 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%. As a group, equities analysts predict that NCS Multistage will post -0.23 earnings per share 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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