NCS Multistage (NASDAQ:NCSM) Rating Increased to Strong-Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded NCS Multistage (NASDAQ:NCSM) from a "buy" to a "strong‑buy", and with upgrades from Zacks and Weiss the stock's average analyst rating on MarketBeat is Strong Buy.
• NCSM reported strong quarterly results on March 4, beating expectations with EPS of $1.60 vs. $0.70 estimated and revenue of $50.63 million vs. $43.6 million, while posting a 12.93% net margin and 10.32% ROE.
• Shares opened at $63.16 (down about 4.5%), the company has a market cap of $165.48M and a low PE of 7.38, with solid liquidity (quick ratio 2.91, current ratio 4.27), minimal leverage (debt/equity 0.04) and roughly 70.9% institutional ownership.

NCS Multistage (NASDAQ:NCSM - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

NCSM has been the topic of a number of other reports. Weiss Ratings raised shares of NCS Multistage from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 23rd. Zacks Research raised shares of NCS Multistage from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Strong Buy".

NCS Multistage Stock Down 4.5%

Shares of NASDAQ NCSM opened at $63.16 on Friday. The firm has a market cap of $165.48 million, a PE ratio of 7.38 and a beta of 0.34. NCS Multistage has a 12-month low of $25.09 and a 12-month high of $75.57. The company's fifty day simple moving average is $52.60 and its 200 day simple moving average is $44.70. The company has a quick ratio of 2.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.04.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.90. The business had revenue of $50.63 million for the quarter, compared to analyst estimates of $43.60 million. NCS Multistage had a net margin of 12.93% and a return on equity of 10.32%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Tucker Asset Management LLC bought a new position in shares of NCS Multistage during the fourth quarter valued at about $34,000. PNC Financial Services Group Inc. lifted its position in shares of NCS Multistage by 342.6% during the third quarter. PNC Financial Services Group Inc. now owns 863 shares of the company's stock valued at $44,000 after purchasing an additional 668 shares in the last quarter. Heron Bay Capital Management bought a new position in shares of NCS Multistage during the third quarter valued at about $222,000. NewEdge Advisors LLC lifted its position in shares of NCS Multistage by 3,774.4% during the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company's stock valued at $241,000 after purchasing an additional 7,964 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of NCS Multistage during the third quarter valued at about $296,000. 70.91% of the stock is owned by institutional investors.

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.

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