NCS Multistage Holdings, Inc. (NCSM-Q)

Following recently reported earnings, we reiterate NCSM as a TOP PICK.  Key metrics including margins and revenues exceeded the upper ranges of management guidance.  Cash reserves are growing for the frac company and should continue as commodity prices stabilize.  Management reported very good progress on business expansion into the Middle East and North Sea regions.  We continue to recommend a stop at $25, looking to achieve $40 -- upside potential of 24%.  Yield 0%

Our PAST TOP PICK with NCSM is progressing well.  To remain disciplined, we recommend trailing up the stop (from $22) to $25 at this time. 

As a leader in frac systems for the oil and gas sector in Canada and the US, NCSM is a TOP PICK.  Energy security has taken on a higher priority with the new US Administration and the company is well positioned.  It trades at 10x earnings, under book value, and supports a robust 58% ROE.  We recommend setting a stop-loss at $22, looking to achieve $39 — upside potential of 38%.  Yield 0%

Our PAST TOP PICK with NCSM has triggered its stop at $19.  To remain disciplined, we recommend covering the position at this time.  

Our PAST TOP PICK with NCSM is stagnating.  To remain disciplined, we recommend trailing up the stop (from $17) to $19 at this time.  

The Texas based supplier of field fracturing systems in North America and internationally showed a 17% increase in revenues in its recently reported earnings.  Cash reserves are growing, while debt is retired.  It trades under book value, at 13x earnings, and supports a robust 50% ROE.  We recommend setting a stop-loss at $17, looking to achieve $25 -- upside potential of 25%.  Yield 0%