NCSM has been the topic of a number of other research reports. Zacks Investment Research raised shares of NCS Multistage Holdings from a hold rating to a buy rating and set a $22.00 target price on the stock in a research note on Wednesday, September 6th. Citigroup Inc. set a $32.00 target price on shares of NCS Multistage Holdings and gave the company a buy rating in a research note on Thursday, October 5th. Finally, Raymond James Financial, Inc. assumed coverage on shares of NCS Multistage Holdings in a research note on Thursday, June 15th. They issued an outperform rating and a $30.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. NCS Multistage Holdings currently has a consensus rating of Buy and an average price target of $28.83.
NCS Multistage Holdings (NASDAQ NCSM) opened at 22.01 on Friday. The firm has a 50-day moving average of $21.69 and a 200-day moving average of $22.32. The company has a market cap of $958.67 million and a PE ratio of 431.57. NCS Multistage Holdings has a one year low of $18.17 and a one year high of $29.07.
NCS Multistage Holdings (NASDAQ:NCSM) last posted its earnings results on Tuesday, August 8th. The company reported ($0.09) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.09). The business had revenue of $36.86 million during the quarter, compared to the consensus estimate of $29.14 million. On average, analysts predict that NCS Multistage Holdings will post $0.34 EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nationwide Fund Advisors bought a new stake in NCS Multistage Holdings in the second quarter valued at about $157,000. Alliancebernstein L.P. bought a new stake in NCS Multistage Holdings during the second quarter worth about $201,000. The Manufacturers Life Insurance Company bought a new stake in NCS Multistage Holdings during the second quarter worth about $211,000. Parametric Portfolio Associates LLC bought a new stake in NCS Multistage Holdings during the second quarter worth about $257,000. Finally, Rhumbline Advisers bought a new stake in NCS Multistage Holdings during the second quarter worth about $276,000. 91.57% of the stock is currently owned by institutional investors and hedge funds.
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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