RBC Capital Thinks Ncs Multistage Holdings Inc’s Stock is Going to Recover

By Jason Carr

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 $25. The company’s shares closed yesterday at $16.14, close to its 52-week low of $15.01.

According to TipRanks.com, Hallead is ranked 0 out of 5 stars with an average return of -5.1% and a 37.8% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Independence Contract Drilling, and Energy Transfer Partners LP.

Ncs Multistage Holdings Inc has an analyst consensus of Strong Buy, with a price target consensus of $28.33.

The company has a one-year high of $29.07 and a one-year low of $15.01. Currently, Ncs Multistage Holdings Inc has an average volume of 106.5K.

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NCS Multistage Holdings, Inc. is a provider of engineered products and services that facilitate the optimization of oil and natural gas well completions and field development. The company provides products and services primarily to exploration and production companies for use in onshore wells, wells that have been drilled with horizontal laterals in unconventional oil and natural gas formations. Its Multistage Unlimited family of completion products and services includes casing installed sliding sleeves and downhole frac isolation assembly, which are utilized in cemented wellbores. The company was founded on November 28, 2012 and is headquartered in Houston, Texas.