The $200 Oil Playbook: 5 Energy Stocks Positioned to Outperform as the Strait Remains Closed

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

Share Price Gains Between March 9 and March 16: 15.47%

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) announced strong results for its Q4 2025 on March 4, with the company’s EPS of $5.34 comfortable beating expectations by $4.67. The company also increased its revenue by 13% YoY to $50.6 million and exceeded the high end of its prior guidance, citing growth in the US, Canada, and international markets despite industry challenges.

Total revenue for the full-year 2025 also surged by 13% YoY to $183.6 million, while the annual operating income also more than doubled to $10.5 million. NCS Multistage Holdings, Inc. (NASDAQ:NCSM) reported an adjusted EBITDA of $26.7 million for FY 2025, up almost 20% compared to the previous year. Free cash flow after distributions to non-controlling interest also exceeded guidance and reached $18.9 million in 2025, a YoY improvement of $9 million.

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) is targeting a revenue in the range of $184 million to $194 million for FY 2026, with full-year adjusted EBITDA expected between $26 million and $29 million. The company is expecting its free cash flow after distributions to noncontrolling interest to stand between $12 million to $16 million.