Natural Gas Services Group Inc. (NYSE:NGS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Natural Gas Services Group, Inc. manufactures, fabricates, sells, rents and services natural gas compressors that enhance the production of natural gas wells. The Company also manufactures and sells flare systems and flare ignition systems for plant and production facilities. “
Other analysts have also issued reports about the company. Sidoti began coverage on Natural Gas Services Group in a research note on Wednesday, June 8th. They set a “buy” rating and a $30.00 price objective on the stock. TheStreet lowered Natural Gas Services Group from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Lake Street Capital boosted their price objective on Natural Gas Services Group from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Natural Gas Services Group in a research note on Friday, August 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.75.
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Shares of Natural Gas Services Group (NYSE:NGS) traded up 2.72% during mid-day trading on Friday, hitting $23.76. The stock had a trading volume of 65,871 shares. Natural Gas Services Group has a 12 month low of $15.96 and a 12 month high of $26.74. The stock has a market cap of $305.72 million, a P/E ratio of 32.15 and a beta of 0.75. The firm has a 50 day moving average price of $24.65 and a 200-day moving average price of $22.91.
Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Thursday, August 4th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The firm earned $17.20 million during the quarter, compared to the consensus estimate of $19.23 million. Natural Gas Services Group had a net margin of 11.61% and a return on equity of 4.29%. The business’s quarterly revenue was down 29.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. On average, equities research analysts forecast that Natural Gas Services Group will post $0.49 EPS for the current year.
In other Natural Gas Services Group news, VP James R. Hazlett sold 3,500 shares of the company’s stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $23.92, for a total value of $83,720.00. Following the transaction, the vice president now directly owns 64,223 shares in the company, valued at approximately $1,536,214.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Bradshaw sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $24.35, for a total value of $60,875.00. Following the completion of the transaction, the director now owns 16,548 shares in the company, valued at $402,943.80. The disclosure for this sale can be found here. 6.88% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Panagora Asset Management Inc. raised its position in shares of Natural Gas Services Group by 135.0% in the second quarter. Panagora Asset Management Inc. now owns 5,508 shares of the company’s stock worth $126,000 after buying an additional 3,164 shares in the last quarter. BlackRock Advisors LLC raised its position in shares of Natural Gas Services Group by 2.5% in the second quarter. BlackRock Advisors LLC now owns 6,503 shares of the company’s stock worth $149,000 after buying an additional 156 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in shares of Natural Gas Services Group during the second quarter worth $203,000. Monarch Partners Asset Management LLC acquired a new position in shares of Natural Gas Services Group during the second quarter worth $204,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Natural Gas Services Group by 11.9% in the second quarter. Nisa Investment Advisors LLC now owns 9,400 shares of the company’s stock worth $215,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.
About Natural Gas Services Group
Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.
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