Why These Energy Stocks are Gaining This Week

4. NCS Multistage Holdings, Inc. (NASDAQ:NCSM)

Share Price Gains Between Mar. 10 – Mar. 17: 26.88%

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) is a leading provider of highly engineered products and support services that enable oil-and-gas operators to optimize oil and natural gas well completions and field development strategies.

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) recently reported strong results for its Q4 2024, posting a revenue of $45 million, up almost 28% YoY and topping market expectations by $4.4 million. The company’s EPS of $1.32 was also above estimates by $0.49. NCSM’s globalization strategy also seems to be paying off as the company achieved record international revenues of $16.5 million for the full year 2024, reaching 10% of overall revenue, up from 5% in 2023.