Announcement • Jun 02
Weatherford International plc (NasdaqGS:WFRD) entered into a definitive agreement to acquire NCS Multistage Holdings, Inc. (NasdaqCM:NCSM) for approximately $180 million. Weatherford International plc (NasdaqGS:WFRD) entered into a definitive agreement to acquire NCS Multistage Holdings, Inc. (NasdaqCM:NCSM) for for approximately $180 million on May 31, 2026. Under the terms of the agreement, NCS Multistage stockholders can elect to receive either 0.554 shares of Weatherford common stock at closing, or a combination of 0.239 shares of Weatherford common stock and a cash amount equal to 0.137 shares of Weatherford common stock at closing, subject to proration and certain limitations and adjustments. A $9.7 million is payable by Weatherford to NCS if the deal terminates due to a breach by Weatherford and a $5.5 million is payable by NCS to Weatherford if NCS terminates the deal for a superior proposal or changes its recommendation.
The transaction has been unanimously approved by the Board of Directors of Weatherford, the Board of Directors of NCS Multistage, and the controlling stockholder of NCS Multistage that owns more than 50% of NCS Multistage’s outstanding common stock. The transaction is subject to certain customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2026. The deal is expected to be immediately accretive to adjusted Free Cash Flow per share.
The team of King & Spalding LLP led by Jonathan Newton, John Sweet and Rob LeClerc acted as legal advisor for Weatherford International plc. The team of Baker Botts L.L.P. led by Jim Marshall, Jamie Yarbrough, Jon Lobb, Jordan Hahn, Ron Aizen and Matthew Adler acted as legal advisor and Piper Sandler & Co. acted as financial advisor and fairness opinion provider for NCS Multistage Holdings, Inc. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to US$55.60, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Energy Services industry in the US. Total returns to shareholders of 236% over the past three years. Reported Earnings • May 05
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: US$0.14 loss per share (down from US$1.58 profit in 1Q 2025). Revenue: US$45.6m (down 8.7% from 1Q 2025). Net loss: US$371.0k (down 109% from profit in 1Q 2025). Revenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorates as stock falls 37% After last week's 37% share price decline to US$49.56, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Energy Services industry in the US. Total returns to shareholders of 149% over the past three years. Announcement • Apr 24
NCS Multistage Holdings, Inc. to Report Q1, 2026 Results on Apr 30, 2026 NCS Multistage Holdings, Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 30, 2026 New Risk • Apr 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$75.33, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Energy Services industry in the US. Total returns to shareholders of 246% over the past three years. Announcement • Apr 03
NCS Multistage Holdings, Inc., Annual General Meeting, May 27, 2026 NCS Multistage Holdings, Inc., Annual General Meeting, May 27, 2026. Location: 19350 state highway 249, suite 600, houston, texas 77070., United States Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$60.21, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Energy Services industry in the US. Total returns to shareholders of 174% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to US$64.08, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Energy Services industry in the US. Total returns to shareholders of 175% over the past three years. New Risk • Mar 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 31% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 05
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$9.17 (up from US$2.60 in FY 2024). Revenue: US$183.6m (up 13% from FY 2024). Net income: US$23.7m (up 260% from FY 2024). Profit margin: 13% (up from 4.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 123%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Feb 26
NCS Multistage Holdings, Inc. to Report Q4, 2025 Results on Mar 05, 2026 NCS Multistage Holdings, Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 05, 2026 Recent Insider Transactions • Nov 06
Director recently sold US$126k worth of stock On the 3rd of November, Robert Nipper sold around 3k shares on-market at roughly US$40.00 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$245k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 04
Director notifies of intention to sell stock Robert Nipper intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of November. If the sale is conducted around the recent share price of US$40.00, it would amount to US$126k. Since March 2025, Robert has owned 121.86k shares directly. Company insiders have collectively sold US$931k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$1.47 (down from US$1.63 in 3Q 2024). Revenue: US$46.5m (up 5.8% from 3Q 2024). Net income: US$3.81m (down 8.2% from 3Q 2024). Profit margin: 8.2% (down from 9.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Oct 23
NCS Multistage Holdings, Inc. to Report Q3, 2025 Results on Oct 30, 2025 NCS Multistage Holdings, Inc. announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$42.59, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Energy Services industry in the US. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$44.13, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Energy Services industry in the US. Total returns to shareholders of 39% over the past three years. Recent Insider Transactions • Aug 07
Independent Director recently sold US$76k worth of stock On the 5th of August, Valerie Mitchell sold around 3k shares on-market at roughly US$30.13 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$119k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 06
Independent Director notifies of intention to sell stock Valerie Mitchell intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of August. If the sale is conducted around the recent share price of US$30.16, it would amount to US$59k. Since March 2025, Valerie has owned 2.52k shares directly. Company insiders have collectively sold US$969k more than they bought, via options and on-market transactions in the last 12 months. New Risk • Aug 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 31% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risks Profit margins are more than 30% lower than last year (7.2% net profit margin). Market cap is less than US$100m (US$80.4m market cap). Announcement • Aug 01
NCS Multistage Holdings, Inc. (NasdaqCM:NCSM) acquired ResMetrics, LLC for $7.2 million. NCS Multistage Holdings, Inc. (NasdaqCM:NCSM) acquired ResMetrics, LLC for $7.2 million on July 31, 2025. The consideration consists of $5.9 million, on a cash-free, debt-free basis, in cash and assumed debt, subject to a working capital adjustment, with an additional earn-out of up to $1.3 million to be paid in early 2026. For the period ending June 30, 2025, ResMetrics, LLC reported total revenue of $10 million.
Shook, Hardy & Bacon L.L.P. acted as legal advisor for NCS Multistage Holdings, Inc. Piper Sandler & Co. acted as financial advisor for ResMetrics, LLC. Winston & Strawn LLP acted as legal advisor for ResMetrics, LLC.
NCS Multistage Holdings, Inc. (NasdaqCM:NCSM) completed the acquisition of ResMetrics, LLC on July 31, 2025. Announcement • Jul 25
NCS Multistage Holdings, Inc. to Report Q2, 2025 Results on Aug 01, 2025 NCS Multistage Holdings, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 01, 2025 New Risk • May 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.0% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (US$87.2m market cap). Reported Earnings • May 01
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$1.58 (up from US$0.82 in 1Q 2024). Revenue: US$50.0m (up 14% from 1Q 2024). Net income: US$4.06m (up 96% from 1Q 2024). Profit margin: 8.1% (up from 4.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 136%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Apr 25
NCS Multistage Holdings, Inc. to Report Q1, 2025 Results on May 01, 2025 NCS Multistage Holdings, Inc. announced that they will report Q1, 2025 results Pre-Market on May 01, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$28.16, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Energy Services industry in the US. Total loss to shareholders of 42% over the past three years. New Risk • Mar 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$88.2m market cap). Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to US$33.49, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Energy Services industry in the US. Total loss to shareholders of 38% over the past three years. Reported Earnings • Mar 11
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$2.60 (up from US$1.28 loss in FY 2023). Revenue: US$162.6m (up 14% from FY 2023). Net income: US$6.59m (up US$9.75m from FY 2023). Profit margin: 4.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Mar 06
CEO & Director exercised options and sold US$233k worth of stock On the 28th of February, Ryan Hummer exercised options to acquire 9k shares at no cost and sold these for an average price of US$26.93 per share. This trade did not impact their existing holding. For the year to December 2019, Ryan's total compensation was 95% salary and 5% non-salary. Since June 2024, Ryan's direct individual holding has increased from 19.10k shares to 22.30k. Company insiders have collectively sold US$811k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Mar 06
NCS Multistage Holdings, Inc. to Report Q4, 2024 Results on Mar 10, 2025 NCS Multistage Holdings, Inc. announced that they will report Q4, 2024 results on Mar 10, 2025 New Risk • Nov 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 108% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 108% per year for the foreseeable future. High level of non-cash earnings (46% accrual ratio). Minor Risks Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (US$56.4m market cap). Recent Insider Transactions Derivative • Nov 06
CEO & Director exercised options and sold US$78k worth of stock On the 1st of November, Ryan Hummer exercised options to acquire 4k shares at no cost and sold these for an average price of US$18.54 per share. This trade did not impact their existing holding. For the year to December 2019, Ryan's total compensation was 95% salary and 5% non-salary. Since March 2024, Ryan has owned 19.10k shares directly. Company insiders have collectively sold US$301k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$1.63 (down from US$1.78 in 3Q 2023). Revenue: US$44.0m (up 15% from 3Q 2023). Net income: US$4.15m (down 5.9% from 3Q 2023). Profit margin: 9.4% (down from 12% in 3Q 2023). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Oct 24
NCS Multistage Holdings, Inc. to Report Q3, 2024 Results on Oct 31, 2024 NCS Multistage Holdings, Inc. announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Aug 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 109% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 109% per year for the foreseeable future. High level of non-cash earnings (49% accrual ratio). Minor Risks Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (US$44.4m market cap). New Risk • Aug 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (46% accrual ratio). Minor Risks Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (US$44.8m market cap). Reported Earnings • Aug 02
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: US$1.22 loss per share (improved from US$13.02 loss in 2Q 2023). Revenue: US$29.7m (up 17% from 2Q 2023). Net loss: US$3.10m (loss narrowed 90% from 2Q 2023). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jul 26
NCS Multistage Holdings, Inc. to Report Q2, 2024 Results on Aug 01, 2024 NCS Multistage Holdings, Inc. announced that they will report Q2, 2024 results on Aug 01, 2024 New Risk • May 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 45% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (US$45.4m market cap). New Risk • May 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 73% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 73% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (US$40.8m market cap). Announcement • May 02
NCS Multistage Holdings, Inc. Provides Earnings Guidance for the Second Quarter of 2024 NCS Multistage Holdings, Inc. provided earnings guidance for the second quarter of 2024. For the second quarter, the company expects revenues to improve sequentially in U.S. and international operations, but decline for Canadian operations, reflecting normal seasonal patterns in that market. The anticipated increases in revenue in the U.S. and international markets is driven by increased frac systems activity in the United States, and increased customer activity in the North Sea and in the Middle East. The company continue to believe the value that they bring to customers across product and service portfolio, together with continued product and service innovation, positions them to outperform the anticipated changes in industry drilling and completion activity, and to increase revenue in 2024 compared to 2023. Announcement • Apr 24
NCS Multistage Holdings, Inc. to Report Q1, 2024 Results on May 02, 2024 NCS Multistage Holdings, Inc. announced that they will report Q1, 2024 results on May 02, 2024 Announcement • Apr 11
NCS Multistage Holdings, Inc., Annual General Meeting, May 23, 2024 NCS Multistage Holdings, Inc., Annual General Meeting, May 23, 2024, at 09:00 Central Standard Time. Location: 19350 State Highway 249, Suite 600 Houston Texas United States Agenda: To elect Michael McShane, Gurinder Grewal and Valerie Mitchell as Class I Directors to serve until our 2027 Annual Meeting of Stockholders and until their respective successors shall have been duly elected and qualified; to ratify the appointment of Grant Thornton LLP as our independent registered public accounting firm for the year ending December 31, 2024; and to approve, on an advisory basis, the compensation of our named executive officers. Reported Earnings • Mar 08
Full year 2023 earnings released: US$1.28 loss per share (vs US$0.45 loss in FY 2022) Full year 2023 results: US$1.28 loss per share (further deteriorated from US$0.45 loss in FY 2022). Revenue: US$142.5m (down 8.5% from FY 2022). Net loss: US$3.15m (loss widened 186% from FY 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Mar 04
Director exercised options and sold US$51k worth of stock On the 28th of February, Robert Nipper exercised options to acquire 3k shares at no cost and sold these for an average price of US$14.90 per share. This trade did not impact their existing holding. Since June 2023, Robert has owned 111.62k shares directly. Company insiders have collectively sold US$287k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Mar 02
NCS Multistage Holdings, Inc. to Report Q4, 2023 Results on Mar 08, 2024 NCS Multistage Holdings, Inc. announced that they will report Q4, 2023 results on Mar 08, 2024 Announcement • Dec 15
NCS Multistage Holdings, Inc. Settles Outstanding Commercial Litigation with No Cash Payment By Company NCS Multistage Holdings, Inc. announced that its subsidiary has settled outstanding litigation with Boyd & McWilliams. Under the settlement agreement, that was executed on the preceding day, the insurance carrier will pay all agreed-upon settlement amounts to the plaintiff, resulting in no cash payments by NCS. As of September 30, 2023, the company had accrued a provision for litigation of $40.8 million associated with this matter. The company expects to fully offset this provision during the fourth quarter of 2023 with a benefit from the settlement. In addition, the company do not currently have any outstanding litigation related to property damage claims, as the company previously settled the litigation in Wyoming in August 2023, with such settlement also fully paid by the insurance carrier. Recent Insider Transactions Derivative • Nov 05
CEO & Director exercised options and sold US$59k worth of stock On the 1st of November, Ryan Hummer exercised options to acquire 4k shares at no cost and sold these for an average price of US$14.05 per share. This trade did not impact their existing holding. For the year to December 2019, Ryan's total compensation was 13% salary and 87% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Ryan has owned 14.76k shares directly. Company insiders have collectively sold US$806k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 02
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: US$1.78 (up from US$1.61 in 3Q 2022). Revenue: US$38.3m (down 22% from 3Q 2022). Net income: US$4.41m (up 12% from 3Q 2022). Profit margin: 12% (up from 8.1% in 3Q 2022). Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Oct 25
NCS Multistage Holdings, Inc. to Report Q3, 2023 Results on Oct 31, 2023 NCS Multistage Holdings, Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 31, 2023 Reported Earnings • Aug 01
Second quarter 2023 earnings released: US$13.02 loss per share (vs US$2.25 loss in 2Q 2022) Second quarter 2023 results: US$13.02 loss per share (further deteriorated from US$2.25 loss in 2Q 2022). Revenue: US$25.4m (down 7.5% from 2Q 2022). Net loss: US$32.2m (loss widened 488% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jul 28
NCS Multistage Holdings, Inc. to Report Q2, 2023 Results on Jul 31, 2023 NCS Multistage Holdings, Inc. announced that they will report Q2, 2023 results on Jul 31, 2023 Announcement • Jul 06
NCS Multistage Holdings, Inc. Announces Departure of James King, Chief Technology Officer On July 3, 2023, James King, Chief Technology Officer of NCS Multistage Holdings, Inc. (the Company), and the Company agreed that he will be leaving his position effective as of such date. Upon the effective date of the termination of his employment, Mr. King will be entitled to the severance payments set forth in Section 9(a) of his employment agreement. Recent Insider Transactions Derivative • May 15
Director notifies of intention to sell stock Marty Stromquist intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of May. If the sale is conducted around the recent share price of US$19.99, it would amount to US$61k. Since December 2022, Marty's direct individual holding has increased from 36.49k shares to 38.07k. Company insiders have collectively sold US$720k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 11
First quarter 2023 earnings released: US$6.11 loss per share (vs US$0.64 loss in 1Q 2022) First quarter 2023 results: US$6.11 loss per share (further deteriorated from US$0.64 loss in 1Q 2022). Revenue: US$43.6m (up 11% from 1Q 2022). Net loss: US$15.0m (loss widened US$13.4m from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • May 05
NCS Multistage Holdings, Inc. to Report Q1, 2023 Results on May 10, 2023 NCS Multistage Holdings, Inc. announced that they will report Q1, 2023 results on May 10, 2023 Recent Insider Transactions Derivative • Mar 09
Director exercised options and sold US$224k worth of stock On the 28th of February, Robert Nipper exercised options to acquire 9k shares at no cost and sold these for an average price of US$23.84 per share. This trade did not impact their existing holding. Since June 2022, Robert has owned 109.04k shares directly. Company insiders have collectively sold US$712k more than they bought, via options and on-market transactions in the last 12 months. Board Change • Dec 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Independent Director Valerie Mitchell was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 20
Analysts update estimates The company's losses in 2020 are expected to worsen with analysts lowering their consensus EPS forecasts from -US$1.53 to -US$2.23. Revenue estimate was approximately flat at US$102.6m. The Energy Services industry in the US is expected to see a 49% decline in net income next year. The consensus price target increased from US$1.00 to US$1.18. Share price is up 18% to US$0.94 over the past week. Is New 90 Day High Low • Nov 10
New 90-day high: US$0.86 The company is up 23% from its price of US$0.70 on 12 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$0.36 per share. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 27%. Over the next year, revenue is expected to shrink by 19% compared to a 11% decline forecast for the Energy Services industry in the US. Reported Earnings • Nov 07
Third quarter 2020 earnings released: US$0.12 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$16.3m (down 73% from 3Q 2019). Net loss: US$5.86m (down 262% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has fallen by 67% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 13
New 90-day high: US$0.72 The company is up 33% from its price of US$0.54 on 15 July 2020. The American market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Aug 04
NCS Multistage Holdings, Inc. to Report Q2, 2020 Results on Aug 11, 2020 NCS Multistage Holdings, Inc. announced that they will report Q2, 2020 results at 9:15 PM, GMT Standard Time on Aug 11, 2020