NCS Multistage (NASDAQ:NCSM) Posts Quarterly Earnings Results, Beats Expectations By $0.90 EPS

NCS Multistage (NASDAQ:NCSM) released its quarterly earnings results on Wednesday. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.90, FiscalAI reports. The firm had revenue of $50.63 million for the quarter, compared to analyst estimates of $43.60 million. NCS Multistage had a return on equity of 10.71% and a net margin of 12.93%.

NCS Multistage Trading Up 8.8%

NASDAQ NCSM opened at $48.35 on Friday. The company has a quick ratio of 2.65, a current ratio of 4.39 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $122.81 million, a P/E ratio of 5.65 and a beta of 0.55. NCS Multistage has a 52-week low of $23.89 and a 52-week high of $53.69. The firm has a 50-day moving average price of $39.62 and a 200 day moving average price of $40.85.

Analyst Upgrades and Downgrades

Several analysts have commented on NCSM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NCS Multistage in a research note on Monday, December 29th. Singular Research upgraded NCS Multistage to a “strong-buy” rating in a research note on Tuesday, November 11th. Finally, Wall Street Zen upgraded NCS Multistage from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 24th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On NCS Multistage

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCSM. NewEdge Advisors LLC raised its stake in shares of NCS Multistage by 46.5% during the 4th quarter. NewEdge Advisors LLC now owns 10,383 shares of the company’s stock worth $410,000 after buying an additional 3,296 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of NCS Multistage by 5.5% in the fourth quarter. Empowered Funds LLC now owns 19,853 shares of the company’s stock valued at $784,000 after buying an additional 1,042 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of NCS Multistage by 3.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 29,853 shares of the company’s stock valued at $1,179,000 after buying an additional 1,042 shares in the last quarter. Truffle Hound Capital LLC acquired a new position in NCS Multistage during the fourth quarter worth $1,462,000. Finally, Dimensional Fund Advisors LP grew its holdings in NCS Multistage by 20.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,044 shares of the company’s stock worth $832,000 after acquiring an additional 3,571 shares during the period. Institutional investors and hedge funds own 70.91% of the company’s stock.

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.