Why These Energy Stocks Are Gaining This Week

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

Share Price Gains Between Apr. 16 – Apr. 23: 8.15%

Next on our list of Energy Stocks Gaining the Most This Week is NCS Multistage Holdings, Inc. (NASDAQ:NCSM), 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.

The stock of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) fell by over 33% earlier this month following the sharp decline in global crude prices and the overall bearish sentiment regarding the oilfield services industry. However, the stock has since partially recovered.

Despite the plunge in April, the share price of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) has surged by more than 78% over the last year. The company boasts a robust business model and has topped market expectations in both earnings and revenue in its last two quarters.