NCS Multistage (NASDAQ:NCSM) Issues Quarterly Earnings Results

NCS Multistage (NASDAQ:NCSM) released its quarterly earnings data on Thursday. The company reported ($1.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.88) by ($0.83), Zacks reports. NCS Multistage had a net margin of 10.78% and a return on equity of 6.58%.

NCS Multistage Stock Performance

Shares of NCS Multistage stock traded up $1.39 on Thursday, reaching $45.42. The stock had a trading volume of 4,484 shares, compared to its average volume of 10,986. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.48 and a current ratio of 5.35. The business’s 50-day moving average price is $47.18 and its two-hundred day moving average price is $50.45. The stock has a market cap of $119.00 million, a P/E ratio of 6.57 and a beta of 0.16. NCS Multistage has a fifty-two week low of $29.48 and a fifty-two week high of $87.36.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Truffle Hound Capital LLC acquired a new position in NCS Multistage during the 4th quarter worth $1,462,000. Bridgeway Capital Management LLC increased 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 worth $1,179,000 after purchasing an additional 1,042 shares during the period. UBS Group AG increased its stake in shares of NCS Multistage by 9,535.4% in the third quarter. UBS Group AG now owns 23,703 shares of the company’s stock worth $1,210,000 after purchasing an additional 23,457 shares during the period. Empowered Funds LLC lifted its position in shares of NCS Multistage by 7.3% during the 1st quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock worth $752,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in NCS Multistage by 20.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,044 shares of the company’s stock valued at $832,000 after purchasing an additional 3,571 shares during the period. Institutional investors own 70.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NCSM shares. Zacks Research upgraded NCS Multistage from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings downgraded NCS Multistage from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen raised NCS Multistage to a “hold” rating in a report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.