Ncs Multistage Holdings Inc (NCSM) Receives a Buy from RBC Capital


In a report released yesterday, Kurt Hallead from RBC Capital reiterated a Buy rating on Ncs Multistage Holdings Inc (NASDAQ: NCSM), with a price target of $19. The company’s shares closed yesterday at $16.81.

According to TipRanks.com, Hallead is a 4-star analyst with an average return of 4.5% and a 46.3% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Select Energy Services Inc, Baker Hughes a GE company, and Diamond Offshore Drilling.

Ncs Multistage Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $20.75.

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Based on Ncs Multistage Holdings Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.05 million. In comparison, last year the company had a GAAP net loss of $4.49 million.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.

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NCS Multistage Holdings, Inc. engages in the provision of engineered products and services that facilitate the optimization of oil and natural gas well completions and field development. It operates through the following geographical segments: United States; Canada; and Other Countries.

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