NCS Multistage (NASDAQ:NCSM) Releases Quarterly Earnings Results, Misses Expectations By $1.47 EPS

NCS Multistage (NASDAQ:NCSM) posted its quarterly earnings data on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($1.47), FiscalAI reports. NCS Multistage had a net margin of 10.78% and a return on equity of 6.74%. The firm had revenue of $45.64 million during the quarter, compared to analysts’ expectations of $51.22 million.

NCS Multistage Stock Performance

Shares of NASDAQ NCSM traded down $5.33 during trading hours on Friday, reaching $49.34. The stock had a trading volume of 69,969 shares, compared to its average volume of 22,859. The firm has a market cap of $129.28 million, a price-to-earnings ratio of 7.12 and a beta of 0.34. The company has a current ratio of 4.27, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. NCS Multistage has a fifty-two week low of $28.64 and a fifty-two week high of $87.36. The firm has a 50-day moving average of $62.38 and a 200-day moving average of $47.27.

Institutional Trading of NCS Multistage

A number of large investors have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its position in shares of NCS Multistage by 46.5% in the 4th quarter. NewEdge Advisors LLC now owns 10,383 shares of the company’s stock valued at $410,000 after purchasing an additional 3,296 shares during the period. Empowered Funds LLC boosted its position in shares of NCS Multistage by 5.5% in the 4th quarter. Empowered Funds LLC now owns 19,853 shares of the company’s stock valued at $784,000 after purchasing an additional 1,042 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of NCS Multistage by 3.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company’s stock valued at $1,179,000 after purchasing an additional 1,042 shares during the period. Truffle Hound Capital LLC acquired a new stake in shares of NCS Multistage in the 4th quarter valued at about $1,462,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of NCS Multistage by 20.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,044 shares of the company’s stock valued at $832,000 after purchasing an additional 3,571 shares during the period. 70.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NCSM has been the topic of several recent research reports. Weiss Ratings upgraded NCS Multistage from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Wall Street Zen downgraded NCS Multistage from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 19th. Finally, Zacks Research upgraded NCS Multistage from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, NCS Multistage currently has an average rating of “Strong Buy”.

NCS Multistage Company Profile

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.