NCS Multistage (NCSM) Reaches New 1-Year Low on Insider Selling

NCS Multistage Holdings Inc (NASDAQ:NCSM) hit a new 52-week low during trading on Thursday after an insider sold shares in the company. The stock traded as low as $6.53 and last traded at $6.85, with a volume of 4543 shares changing hands. The stock had previously closed at $6.94.

Specifically, Director Franklin Myers purchased 10,000 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was acquired at an average price of $7.62 per share, with a total value of $76,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Marty Stromquist sold 67,495 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $7.71, for a total transaction of $520,386.45. The disclosure for this sale can be found here. In the last three months, insiders purchased 122,113 shares of company stock valued at $905,075 and sold 97,059 shares valued at $745,451. Company insiders own 11.70% of the company’s stock.

NCSM has been the subject of a number of research reports. Royal Bank of Canada reissued a “buy” rating and issued a $19.00 price target on shares of NCS Multistage in a report on Thursday, August 9th. Wells Fargo & Co raised their price target on shares of NCS Multistage from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. BidaskClub lowered shares of NCS Multistage from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Zacks Investment Research raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, TheStreet lowered shares of NCS Multistage from a “c-” rating to a “d+” rating in a report on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.63.

The company has a market cap of $312.37 million, a PE ratio of 35.20 and a beta of 1.87. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.89 and a current ratio of 3.89.

NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). NCS Multistage had a net margin of 4.36% and a return on equity of 3.10%. The business had revenue of $62.69 million during the quarter, compared to the consensus estimate of $77.71 million. As a group, equities analysts predict that NCS Multistage Holdings Inc will post 0.23 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Viking Fund Management LLC bought a new position in NCS Multistage in the third quarter valued at approximately $165,000. Millennium Management LLC bought a new position in NCS Multistage in the first quarter valued at approximately $257,000. Energy Opportunities Capital Management LLC bought a new position in NCS Multistage in the second quarter valued at approximately $259,000. Gagnon Securities LLC boosted its stake in NCS Multistage by 40.2% in the second quarter. Gagnon Securities LLC now owns 36,026 shares of the company’s stock valued at $523,000 after acquiring an additional 10,328 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in NCS Multistage in the second quarter valued at approximately $533,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

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NCS Multistage Company Profile (NASDAQ:NCSM)

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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