NCS Multistage Holdings, Inc. (NCSM) Posts Earnings Results, Misses Estimates By $0.03 EPS

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) posted its quarterly earnings data on Monday. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03), Bloomberg Earnings reports.

NCS Multistage Holdings (NCSM) traded down $0.49 during midday trading on Tuesday, hitting $20.74. 92,200 shares of the company were exchanged, compared to its average volume of 130,017. NCS Multistage Holdings has a fifty-two week low of $18.17 and a fifty-two week high of $29.07.

A number of research analysts recently commented on NCSM shares. Citigroup Inc. set a $32.00 price objective on shares of NCS Multistage Holdings and gave the company a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered shares of NCS Multistage Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Royal Bank Of Canada set a $30.00 price objective on shares of NCS Multistage Holdings and gave the company a “buy” rating in a research note on Sunday. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $28.50.

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NCS Multistage Holdings Company Profile

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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