A number of other research analysts have also commented on the company. BidaskClub upgraded NCS Multistage from a sell rating to a hold rating in a report on Wednesday. TheStreet lowered NCS Multistage from a c- rating to a d+ rating in a report on Thursday, November 1st. Zacks Investment Research lowered NCS Multistage from a hold rating to a sell rating in a report on Friday, October 19th. Finally, Royal Bank of Canada reiterated a buy rating and set a $19.00 price target on shares of NCS Multistage in a report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and an average target price of $18.00.
Shares of NCSM stock opened at $7.70 on Wednesday. NCS Multistage has a 12 month low of $6.99 and a 12 month high of $22.06. The company has a market cap of $315.07 million, a PE ratio of 29.17 and a beta of 2.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.89 and a quick ratio of 2.73.
In other news, CAO Wade Bitter sold 12,750 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $16.27, for a total transaction of $207,442.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 11.70% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NCSM. Russell Investments Group Ltd. grew its position in shares of NCS Multistage by 1.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 345,081 shares of the company’s stock valued at $5,697,000 after buying an additional 4,991 shares during the last quarter. Foundry Partners LLC grew its position in shares of NCS Multistage by 15.8% in the 3rd quarter. Foundry Partners LLC now owns 304,863 shares of the company’s stock valued at $5,033,000 after buying an additional 41,588 shares during the last quarter. Viking Fund Management LLC bought a new stake in shares of NCS Multistage in the 3rd quarter valued at about $165,000. Bank of New York Mellon Corp grew its position in shares of NCS Multistage by 17.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 49,765 shares of the company’s stock valued at $723,000 after buying an additional 7,519 shares during the last quarter. Finally, Energy Opportunities Capital Management LLC bought a new stake in shares of NCS Multistage in the 2nd quarter valued at about $259,000. Institutional investors and hedge funds own 95.87% of the company’s stock.
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 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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