Several other brokerages have also weighed in on NCSM. BidaskClub raised NCS Multistage from a sell rating to a hold rating in a report on Friday, April 13th. Zacks Investment Research raised NCS Multistage from a hold rating to a buy rating and set a $19.00 price objective for the company in a report on Saturday, May 12th. Royal Bank of Canada reissued a buy rating and set a $19.00 price objective on shares of NCS Multistage in a report on Thursday. Finally, ValuEngine raised NCS Multistage from a strong sell rating to a sell rating in a report on Tuesday, June 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $23.00.
Shares of NASDAQ NCSM opened at $16.26 on Thursday. NCS Multistage has a 1-year low of $12.57 and a 1-year high of $24.85. The firm has a market cap of $730.22 million, a price-to-earnings ratio of 81.30 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.74 and a quick ratio of 2.74.
In related news, EVP Kevin Trautner sold 5,400 shares of NCS Multistage stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $17.33, for a total transaction of $93,582.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.70% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in NCS Multistage by 54.5% during the first quarter. JPMorgan Chase & Co. now owns 12,257 shares of the company’s stock valued at $184,000 after buying an additional 4,322 shares during the period. Renaissance Technologies LLC bought a new stake in NCS Multistage during the fourth quarter valued at $243,000. Millennium Management LLC bought a new stake in NCS Multistage during the first quarter valued at $257,000. Trexquant Investment LP bought a new stake in NCS Multistage during the first quarter valued at $301,000. Finally, Virginia Retirement Systems ET AL bought a new stake in NCS Multistage during the first quarter valued at $305,000. 94.16% of the stock is owned by institutional investors.
About NCS Multistage
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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