NCS Multistage: Hits record low after Q4 miss

NCS Multistage Holdings

07/11/2018 17:43

** NCS Multistage's shares  NCSM.O  fall as much as 36.6 pct
to a record low of $7.89 after Q3 revenue, profit miss estimates
    ** NCSM, which makes engineered products and provides
support services for oil and natural gas well completions, is
top pct loser among U.S. stocks 
    ** Quarter hurt by lower volumes of fracturing systems
product sales and services in Canada, where customer activity
fell due to weather, increasing commodity price differentials
 urn:newsml:reuters.com:*:nGNX1f4pjW
    ** Sees elevated pricing differentials in Canada persisting
into 2019 and beyond, resulting in lower customer activity,
pricing pressure for products and services
    ** Stock has lost nearly half its value this year

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((Reuters Messaging:
Amy.CarenDaniel.thomsonreuters.com@reuters.net))