Ryan Hummer Purchases 9,608 Shares of NCS Multistage Holdings Inc (NCSM) Stock

NCS Multistage Holdings Inc (NASDAQ:NCSM) CFO Ryan Hummer acquired 9,608 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were purchased at an average cost of $6.00 per share, for a total transaction of $57,648.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of NASDAQ NCSM traded up $0.30 during midday trading on Friday, reaching $6.51. 146,222 shares of the stock were exchanged, compared to its average volume of 177,535. The stock has a market capitalization of $293.02 million, a price-to-earnings ratio of 27.13 and a beta of 1.87. NCS Multistage Holdings Inc has a twelve month low of $5.88 and a twelve month high of $20.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.89 and a quick ratio of 2.89.

NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). NCS Multistage had a return on equity of 3.10% and a net margin of 4.36%. The firm had revenue of $62.69 million for the quarter, compared to analyst estimates of $77.71 million. Analysts anticipate that NCS Multistage Holdings Inc will post 0.22 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Viking Fund Management LLC purchased a new position in shares of NCS Multistage during the 3rd quarter valued at approximately $165,000. Millennium Management LLC purchased a new position in shares of NCS Multistage during the 1st quarter valued at approximately $257,000. Energy Opportunities Capital Management LLC purchased a new position in shares of NCS Multistage during the 2nd quarter valued at approximately $259,000. Gagnon Securities LLC lifted its position in shares of NCS Multistage by 40.2% during the 2nd quarter. Gagnon Securities LLC now owns 36,026 shares of the company’s stock valued at $523,000 after buying an additional 10,328 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of NCS Multistage during the 2nd quarter valued at approximately $533,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

NCSM has been the topic of a number of analyst reports. Wells Fargo & Co cut shares of NCS Multistage from an “outperform” rating to a “market perform” rating and set a $15.00 price objective on the stock. in a research note on Monday, October 15th. BidaskClub cut shares of NCS Multistage from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Credit Suisse Group set a $11.00 price objective on shares of NCS Multistage and gave the stock a “buy” rating in a research note on Monday, November 12th. TheStreet cut shares of NCS Multistage from a “c-” rating to a “d+” rating in a research note on Thursday, November 1st. Finally, Royal Bank of Canada set a $14.00 price objective on shares of NCS Multistage and gave the stock a “buy” rating in a research note on Thursday, November 8th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.19.

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About NCS Multistage

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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