The Best Energy Stock to Buy in the Industry

NCS Multistage Holdings, Inc. (NCSM – Get Rating) provides products and services to the global oil and natural gas sector for well completions and field development strategies. The company’s highly-trained direct sales force serves exploration and production companies onshore.

Consegic Business Intelligence reported that the global oilfield services market is expected to expand at a CAGR of 5.9% and hit $468.58 billion by 2030.

Considering this potential growth, let’s look at NCSM’s key financial metrics to understand why the stock could be a solid investment now.

Tracking NCSM’s Revenue, Gross Margin, and Asset Turnover Growth

NCSM’s revenue has grown since June 2020, despite fluctuations. The revenue went from $17.61 million in June 2020 to $15.56 million in December 2022, reaching its peak by March 2023 with $16.01 million. The growth rate for this period is 13.3%.

The gross margin of NCSM has generally been decreasing, with a slight increase in June 2021. The rate of decrease has been slowing since…

Continue reading at


You May Also Like

About the Author: admin