NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and field development strategies primarily in the United States and internationally. NCS Multistage Holdings Inc. is headquartered in Houston, Texas. “

A number of other brokerages have also commented on NCSM. Royal Bank Of Canada reissued a “buy” rating and set a $30.00 price target on shares of NCS Multistage Holdings in a research note on Thursday, July 20th. Citigroup Inc. initiated coverage on NCS Multistage Holdings in a research note on Thursday, June 15th. They set an “outperform” rating and a $30.00 price target on the stock. Raymond James Financial, Inc. initiated coverage on NCS Multistage Holdings in a research note on Thursday, June 15th. They set an “outperform” rating and a $30.00 price target on the stock. Piper Jaffray Companies assumed coverage on NCS Multistage Holdings in a research note on Tuesday, May 23rd. They set an “overweight” rating and a $28.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on NCS Multistage Holdings in a research note on Tuesday, May 23rd. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. NCS Multistage Holdings presently has a consensus rating of “Buy” and a consensus price target of $29.00.

NCS Multistage Holdings (NASDAQ NCSM) opened at 21.86 on Friday. The firm has a market capitalization of $952.11 million and a P/E ratio of 1040.95. NCS Multistage Holdings has a 52-week low of $10.19 and a 52-week high of $29.07. The firm’s 50-day moving average is $21.90 and its 200-day moving average is $22.75.

NCS Multistage Holdings (NASDAQ:NCSM) last announced its quarterly earnings results on Tuesday, August 8th. The company reported ($0.09) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.09). The firm had revenue of $36.86 million for the quarter, compared to analyst estimates of $29.14 million. On average, equities analysts expect that NCS Multistage Holdings will post $0.32 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of the company. OxFORD Asset Management LLP bought a new position in NCS Multistage Holdings during the second quarter worth approximately $1,219,000. Parametric Portfolio Associates LLC bought a new position in NCS Multistage Holdings during the second quarter worth approximately $257,000. FMR LLC acquired a new stake in shares of NCS Multistage Holdings during the second quarter worth $55,521,000. Vanguard Group Inc. acquired a new stake in shares of NCS Multistage Holdings during the second quarter worth $13,697,000. Finally, Brant Point Investment Management LLC acquired a new stake in shares of NCS Multistage Holdings during the second quarter worth $1,614,000. 0.34% of the stock is currently owned by institutional investors.

NCS Multistage Holdings Company Profile

NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.

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Analyst Recommendations for NCS Multistage Holdings (NASDAQ:NCSM)

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