Natural Gas Services Group, Inc. (NYSE:NGS) Stock Rating Lowered by Zacks Investment Research

Natural Gas Services Group, Inc. (NYSE:NGS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

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 equities analysts have also recently issued research reports about the stock. ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. Seaport Global Securities reissued a “buy” rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Natural Gas Services Group has a consensus rating of “Hold” and a consensus target price of $32.67.

Shares of Natural Gas Services Group (NYSE NGS) opened at 24.30 on Thursday. The company’s 50-day moving average price is $24.79 and its 200 day moving average price is $26.64. Natural Gas Services Group has a 12-month low of $20.65 and a 12-month high of $34.50. The company has a market cap of $314.37 million, a price-to-earnings ratio of 75.94 and a beta of 1.23.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.04. Natural Gas Services Group had a net margin of 4.85% and a return on equity of 1.41%. The business had revenue of $16.20 million during the quarter, compared to the consensus estimate of $16.03 million. During the same period in the previous year, the business posted $0.10 EPS. Natural Gas Services Group’s revenue was down 5.8% compared to the same quarter last year. Equities analysts predict that Natural Gas Services Group will post $0.22 earnings per share for the current year.

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In other Natural Gas Services Group news, Director David L. Bradshaw sold 2,540 shares of Natural Gas Services Group stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $23.60, for a total transaction of $59,944.00. Following the transaction, the director now owns 18,000 shares of the company’s stock, valued at approximately $424,800. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William F. Hughes, Jr. sold 1,500 shares of Natural Gas Services Group stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $26.86, for a total transaction of $40,290.00. Following the transaction, the director now directly owns 37,563 shares in the company, valued at approximately $1,008,942.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,040 shares of company stock worth $400,114. Insiders own 6.53% of the company’s stock.

Several large investors have recently bought and sold shares of NGS. Bank of America Corp DE boosted its stake in Natural Gas Services Group by 29.0% in the first quarter. Bank of America Corp DE now owns 5,239 shares of the oil and gas company’s stock worth $137,000 after buying an additional 1,178 shares during the period. American International Group Inc. boosted its stake in Natural Gas Services Group by 7.1% in the first quarter. American International Group Inc. now owns 7,594 shares of the oil and gas company’s stock worth $198,000 after buying an additional 504 shares during the period. Highbridge Capital Management LLC bought a new stake in Natural Gas Services Group during the fourth quarter worth approximately $265,000. Nisa Investment Advisors LLC boosted its stake in Natural Gas Services Group by 4.0% in the second quarter. Nisa Investment Advisors LLC now owns 9,070 shares of the oil and gas company’s stock worth $235,000 after buying an additional 350 shares during the period. Finally, Trexquant Investment LP bought a new stake in Natural Gas Services Group during the first quarter worth approximately $266,000. 88.23% of the stock is currently owned by institutional investors.

Natural Gas Services Group Company Profile

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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