Several other equities analysts also recently commented on the company. BidaskClub upgraded NCS Multistage from a sell rating to a hold rating in a research note on Wednesday. TheStreet downgraded NCS Multistage from a c- rating to a d+ rating in a research note on Thursday, November 1st. Zacks Investment Research downgraded NCS Multistage from a hold rating to a sell rating in a research note on Friday, October 19th. Finally, Royal Bank of Canada reiterated a buy rating and issued a $19.00 price objective on shares of NCS Multistage in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of $18.00.
NCS Multistage stock traded up $0.70 during trading on Wednesday, hitting $7.70. The stock had a trading volume of 773,852 shares, compared to its average volume of 331,926. NCS Multistage has a 1 year low of $6.99 and a 1 year high of $22.06. The company has a current ratio of 3.74, a quick ratio of 2.73 and a debt-to-equity ratio of 0.06. The company has a market cap of $363.76 million, a price-to-earnings ratio of 38.50 and a beta of 2.14.
In other NCS Multistage news, CAO Wade Bitter sold 12,750 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $16.27, for a total transaction of $207,442.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. FMR LLC raised its holdings in NCS Multistage by 18.1% during the 2nd quarter. FMR LLC now owns 4,311,228 shares of the company’s stock valued at $62,642,000 after acquiring an additional 661,076 shares during the period. Sapience Investments LLC raised its holdings in NCS Multistage by 30.8% during the 2nd quarter. Sapience Investments LLC now owns 715,226 shares of the company’s stock valued at $10,392,000 after acquiring an additional 168,366 shares during the period. Jennison Associates LLC raised its holdings in NCS Multistage by 13.4% during the 2nd quarter. Jennison Associates LLC now owns 569,590 shares of the company’s stock valued at $8,276,000 after acquiring an additional 67,402 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in NCS Multistage by 6.7% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 524,098 shares of the company’s stock valued at $7,615,000 after acquiring an additional 32,900 shares during the period. Finally, BlackRock Inc. raised its holdings in NCS Multistage by 4.6% during the 2nd quarter. BlackRock Inc. now owns 513,917 shares of the company’s stock valued at $7,468,000 after acquiring an additional 22,742 shares during the period. 95.87% of the stock is currently owned by institutional investors and hedge funds.
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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