Natural Gas Services Group (NYSE:NGS)‘s stock had its “overweight” rating restated by stock analysts at Capital One Financial in a note issued to investors on Thursday.
Several other analysts have also weighed in on NGS. Zacks Investment Research raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Seaport Global Securities reissued a “buy” rating and set a $29.00 price objective on shares of Natural Gas Services Group in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.00.
Shares of Natural Gas Services Group (NGS) traded up $1.00 during trading hours on Thursday, hitting $27.45. The stock had a trading volume of 38,917 shares, compared to its average volume of 23,454. Natural Gas Services Group has a one year low of $22.40 and a one year high of $29.55. The firm has a market cap of $342.30, a price-to-earnings ratio of 18.18 and a beta of 1.27.
In related news, CEO Stephen Charles Taylor sold 16,212 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $25.17, for a total value of $408,056.04. Following the sale, the chief executive officer now owns 293,300 shares of the company’s stock, valued at approximately $7,382,361. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO G Larry Lawrence sold 6,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $25.23, for a total value of $151,380.00. Following the completion of the sale, the chief financial officer now directly owns 39,478 shares in the company, valued at approximately $996,029.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,787 shares of company stock worth $1,016,836. 6.88% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC acquired a new position in Natural Gas Services Group in the fourth quarter worth $174,000. Crestline Management LP acquired a new position in Natural Gas Services Group in the fourth quarter worth $417,000. Stone Ridge Asset Management LLC acquired a new position in Natural Gas Services Group in the fourth quarter worth $308,000. Deutsche Bank AG raised its position in shares of Natural Gas Services Group by 90.7% during the fourth quarter. Deutsche Bank AG now owns 47,895 shares of the oil and gas company’s stock worth $1,253,000 after acquiring an additional 22,782 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Natural Gas Services Group by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 977,034 shares of the oil and gas company’s stock worth $25,598,000 after acquiring an additional 31,012 shares during the last quarter. 90.93% 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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