NCS Multistage (NASDAQ:NCSM) Announces Earnings Results

NCS Multistage (NASDAQ:NCSM) issued its quarterly earnings data on Monday. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.08, Bloomberg Earnings reports. The business had revenue of $39.77 million for the quarter, compared to analysts’ expectations of $37.83 million. NCS Multistage had a negative net margin of 101.98% and a negative return on equity of 1.11%.

NCS Multistage stock traded down $0.28 during trading on Wednesday, reaching $2.05. The company had a trading volume of 512 shares, compared to its average volume of 36,589. The company has a 50-day moving average of $3.17. NCS Multistage has a 1-year low of $2.02 and a 1-year high of $17.63. The company has a market capitalization of $125.54 million, a price-to-earnings ratio of 11.50 and a beta of 2.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.44 and a quick ratio of 3.72.

NCSM has been the topic of a number of analyst reports. Piper Jaffray Companies cut shares of NCS Multistage from an “overweight” rating to a “neutral” rating and set a $3.80 price objective on the stock. in a research note on Tuesday, June 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $3.00 price objective (down previously from $6.00) on shares of NCS Multistage in a research note on Wednesday. Zacks Investment Research raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $6.66.

In related news, CFO Ryan Hummer purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average price of $2.61 per share, with a total value of $130,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers purchased 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average cost of $2.57 per share, for a total transaction of $102,800.00. The disclosure for this purchase can be found here. Insiders purchased a total of 140,000 shares of company stock worth $364,800 in the last three months. 11.90% of the stock is owned by corporate insiders.

About NCS Multistage

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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Earnings History for NCS Multistage (NASDAQ:NCSM)

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