NCS Multistage (NASDAQ:NCSM) Rating Increased to Strong-Buy at Zacks Research

NCS Multistage (NASDAQ:NCSM) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

NCSM has been the topic of a number of other research reports. Wall Street Zen upgraded NCS Multistage from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 24th. Weiss Ratings restated a “hold (c)” rating on shares of NCS Multistage in a research report on Monday, December 29th. Finally, Singular Research upgraded NCS Multistage to a “strong-buy” rating in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, NCS Multistage has a consensus rating of “Buy”.

NCS Multistage Stock Performance

Shares of NCSM stock opened at $61.62 on Monday. The stock has a fifty day moving average price of $40.32 and a 200 day moving average price of $41.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.91 and a current ratio of 4.27. The stock has a market cap of $157.13 million, a PE ratio of 7.20 and a beta of 0.55. NCS Multistage has a 1 year low of $25.09 and a 1 year high of $61.92.

NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.90. The business had revenue of $50.63 million during the quarter, compared to analysts’ expectations of $43.60 million. NCS Multistage had a return on equity of 10.32% and a net margin of 12.93%.

Hedge Funds Weigh In On NCS Multistage

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tucker Asset Management LLC acquired a new position in shares of NCS Multistage in the 4th quarter valued at $34,000. PNC Financial Services Group Inc. increased its holdings in shares of NCS Multistage by 342.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company’s stock worth $44,000 after buying an additional 668 shares during the last quarter. Heron Bay Capital Management acquired a new position in NCS Multistage in the third quarter valued at $222,000. NewEdge Advisors LLC grew its position in NCS Multistage by 3,774.4% during the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock valued at $241,000 after acquiring an additional 7,964 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in NCS Multistage during the third quarter worth about $296,000. Institutional investors and hedge funds own 70.91% of the company’s stock.

About NCS Multistage

NCS Multistage Holdings, Inc is an oilfield services company that designs, engineers and manufactures downhole completion systems for use in hydraulic fracturing operations across North America. Specializing in multi‐stage stimulation technologies, the company’s product portfolio includes composite frac plugs, open‐hole frac systems and mechanical isolation tools that enable producers to optimize well performance in unconventional reservoirs. Its tools are employed in plug-and-perf operations, horizontal completions and re-entry applications, providing zonal isolation and pressure integrity throughout the fracturing process.

In addition to its core frac plug offerings, NCS Multistage provides a range of complementary services including on-site rig support, tool installation supervision and pressure testing.