NCSM Lags But Is Not Far From A Recovery
NCS Multistage Holdings (NCSM) provides engineered products and support services. The company’s offerings help optimize energy well completions and field development strategies. Due to the low demand for fracking activity and the weakness in completion activity, I do not expect any significant revenue growth, although margin can hold steady in the short-term due to cost reduction initiatives. It is unlikely that NCSM’s stock price will produce attractive returns in the short-term. In 2020, the drivers will strengthen and the stock price can start moving