Zacks Investment Research downgraded shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) from a hold rating to a sell rating in a research report released on Wednesday, July 26th.
According to Zacks, “NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and field development strategies primarily in the United States and internationally. NCS Multistage Holdings Inc. is headquartered in Houston, Texas. “
Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada reissued a buy rating and set a $30.00 target price on shares of NCS Multistage Holdings in a report on Thursday, July 20th. Tudor Pickering initiated coverage on shares of NCS Multistage Holdings in a report on Thursday, June 1st. They issued a buy rating on the stock. Citigroup Inc. initiated coverage on shares of NCS Multistage Holdings in a report on Thursday, May 25th. They issued a buy rating on the stock. J P Morgan Chase & Co initiated coverage on shares of NCS Multistage Holdings in a report on Tuesday, May 23rd. They issued a neutral rating on the stock. Finally, Raymond James Financial, Inc. initiated coverage on shares of NCS Multistage Holdings in a report on Thursday, June 15th. They issued an outperform rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. NCS Multistage Holdings presently has a consensus rating of Buy and a consensus price target of $29.00.
Shares of NCS Multistage Holdings (NASDAQ:NCSM) opened at 21.72 on Wednesday. NCS Multistage Holdings has a one year low of $19.25 and a one year high of $29.07. The firm has a 50 day moving average price of $22.50 and a 200-day moving average price of $22.91. The firm’s market cap is $946.01 million.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCSM. Federated Investors Inc. PA purchased a new position in NCS Multistage Holdings during the second quarter worth approximately $2,447,000. Jennison Associates LLC purchased a new position in NCS Multistage Holdings during the second quarter worth approximately $11,549,000. Bank of New York Mellon Corp purchased a new position in NCS Multistage Holdings during the second quarter worth approximately $742,000. LMR Partners LLP purchased a new position in NCS Multistage Holdings during the second quarter worth approximately $557,000. Finally, Rhumbline Advisers purchased a new position in NCS Multistage Holdings during the second quarter worth approximately $276,000. 0.19% of the stock is currently owned by hedge funds and other institutional investors.
About NCS Multistage Holdings
NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.
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