NCS Multistage (NASDAQ:NCSM) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded NCS Multistage from “buy” to “hold,” adding to a mixed analyst picture that still leaves the stock with a consensus “Buy” rating overall.
• The company’s latest quarterly results were weak, as EPS came in at -$0.14 versus expectations of $1.33, and revenue of $45.64 million also missed estimates.
• NCSM traded up 1.3% and the company continues to show a very low debt load, with a debt-to-equity ratio of 0.03 and institutional ownership of 70.91%.

NCS Multistage (NASDAQ:NCSM - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

NCSM has been the subject of several other reports. Zacks Research downgraded shares of NCS Multistage from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Weiss Ratings raised shares of NCS Multistage from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, NCS Multistage presently has a consensus rating of "Buy".

NCS Multistage Trading Up 1.3%

NCSM opened at $40.36 on Friday. NCS Multistage has a 1-year low of $28.64 and a 1-year high of $87.36. The company has a current ratio of 5.35, a quick ratio of 3.48 and a debt-to-equity ratio of 0.03. The company has a market cap of $105.74 million, a P/E ratio of 5.84 and a beta of 0.25. The company has a fifty day moving average price of $62.46 and a two-hundred day moving average price of $47.39.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $1.33 by ($1.47). NCS Multistage had a net margin of 10.78% and a return on equity of 6.58%. The company had revenue of $45.64 million during the quarter, compared to the consensus estimate of $51.22 million. Analysts predict that NCS Multistage will post 3.42 EPS for the current fiscal year.

Institutional Investors Weigh In On NCS Multistage

Institutional investors have recently added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new stake in NCS Multistage in the 4th quarter worth about $34,000. PNC Financial Services Group Inc. grew its position in NCS Multistage by 342.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 863 shares of the company's stock worth $44,000 after purchasing an additional 668 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in NCS Multistage in the 1st quarter worth about $223,000. Heron Bay Capital Management bought a new stake in NCS Multistage in the 3rd quarter worth about $222,000. Finally, GSA Capital Partners LLP bought a new stake in NCS Multistage in the 3rd quarter worth about $296,000. 70.91% of the stock is owned by institutional investors.

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.

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