BidaskClub Upgrades NCS Multistage (NCSM) to “Hold”
BidaskClub upgraded shares of NCS Multistage (NASDAQ:NCSM) from a sell rating to a hold rating in a research report released on Friday morning.
A number of other research firms have also weighed in on NCSM. Raymond James Financial reiterated an outperform rating and issued a $30.00 price objective (up previously from $23.00) on shares of NCS Multistage in a research note on Thursday, January 18th. Zacks Investment Research downgraded shares of NCS Multistage from a buy rating to a sell rating in a report on Tuesday, January 23rd. JPMorgan Chase reissued a neutral rating and set a $20.00 price target (up from $19.00) on shares of NCS Multistage in a report on Tuesday, March 13th. ValuEngine downgraded shares of NCS Multistage from a hold rating to a sell rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada set a $17.00 price target on shares of NCS Multistage and gave the stock a buy rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $24.25.
NASDAQ:NCSM opened at $17.89 on Friday. The firm has a market capitalization of $795.33 and a PE ratio of 89.45. NCS Multistage has a 1-year low of $13.85 and a 1-year high of $29.07. The company has a current ratio of 3.72, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06.
In related news, COO Tim Willems sold 21,235 shares of the stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $15.77, for a total transaction of $334,875.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kevin Trautner sold 1,440 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $17.67, for a total transaction of $25,444.80. The disclosure for this sale can be found here. Insiders have sold 133,153 shares of company stock worth $2,158,903 over the last three months.
A number of institutional investors and hedge funds have recently bought and sold shares of NCSM. Renaissance Technologies LLC purchased a new position in NCS Multistage during the fourth quarter valued at $243,000. Waratah Capital Advisors Ltd. purchased a new position in NCS Multistage during the fourth quarter valued at $254,000. GSA Capital Partners LLP purchased a new position in NCS Multistage during the third quarter valued at $262,000. Swiss National Bank purchased a new position in NCS Multistage during the fourth quarter valued at $273,000. Finally, Strs Ohio lifted its holdings in NCS Multistage by 295.9% during the fourth quarter. Strs Ohio now owns 29,300 shares of the company’s stock valued at $431,000 after purchasing an additional 21,900 shares in the last quarter. 93.12% of the stock is currently owned by institutional investors and hedge funds.
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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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