Several other research analysts have also recently issued reports on the company. Zacks Investment Research upgraded NCS Multistage from a sell rating to a hold rating in a research note on Tuesday, November 12th. Royal Bank of Canada restated a sector perform rating and issued a $3.00 price objective (down from $6.00) on shares of NCS Multistage in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. NCS Multistage currently has a consensus rating of Hold and a consensus target price of $3.64.
NCS Multistage stock opened at $1.97 on Friday. The stock has a 50-day moving average of $2.20 and a two-hundred day moving average of $2.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.45 and a current ratio of 3.87. NCS Multistage has a one year low of $1.56 and a one year high of $7.60. The stock has a market cap of $100.65 million, a PE ratio of 9.85 and a beta of 2.68.
In other news, President Marty Stromquist acquired 12,203 shares of NCS Multistage stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average cost of $2.25 per share, for a total transaction of $27,456.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders bought 56,731 shares of company stock valued at $128,153. Company insiders own 11.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its position in NCS Multistage by 16.9% during the second quarter. BlackRock Inc. now owns 683,328 shares of the company’s stock valued at $2,425,000 after acquiring an additional 98,884 shares in the last quarter. Balyasny Asset Management LLC raised its position in NCS Multistage by 122.9% during the second quarter. Balyasny Asset Management LLC now owns 254,395 shares of the company’s stock valued at $903,000 after acquiring an additional 140,278 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in NCS Multistage by 9.9% during the second quarter. Parametric Portfolio Associates LLC now owns 150,182 shares of the company’s stock valued at $533,000 after acquiring an additional 13,537 shares in the last quarter. Citadel Advisors LLC raised its position in NCS Multistage by 123.1% during the second quarter. Citadel Advisors LLC now owns 102,655 shares of the company’s stock valued at $364,000 after acquiring an additional 56,646 shares in the last quarter. Finally, Gagnon Securities LLC raised its position in NCS Multistage by 39.2% during the second quarter. Gagnon Securities LLC now owns 97,657 shares of the company’s stock valued at $347,000 after acquiring an additional 27,524 shares in the last quarter. Institutional investors own 87.97% of the company’s stock.
NCS Multistage Company Profile
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, Canada, 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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