Natural Gas Services Group (NGS) Rating Increased to Hold at Zacks Investment Research

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Natural Gas Services Group (NYSE:NGS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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. “

Several other research analysts have also issued reports on NGS. ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Argus increased their target price on shares of Natural Gas Services Group from $106.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Finally, Seaport Global Securities set a $24.00 target price on shares of Natural Gas Services Group and gave the stock a “buy” rating in a research note on Friday, August 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $55.33.

Shares of NYSE NGS opened at $19.19 on Thursday. The firm has a market cap of $253.35 million, a P/E ratio of 174.45 and a beta of 1.35. Natural Gas Services Group has a 12-month low of $18.65 and a 12-month high of $29.35.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Thursday, August 9th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.04). The company had revenue of $18.20 million for the quarter, compared to the consensus estimate of $17.54 million. Natural Gas Services Group had a return on equity of 0.53% and a net margin of 30.05%. On average, analysts predict that Natural Gas Services Group will post 0.11 EPS for the current year.

In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 3,320 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $22.41, for a total transaction of $74,401.20. Following the transaction, the chief executive officer now owns 319,982 shares in the company, valued at $7,170,796.62. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 21,106 shares of company stock worth $466,551. Corporate insiders own 6.61% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its holdings in shares of Natural Gas Services Group by 8.8% in the second quarter. California Public Employees Retirement System now owns 35,445 shares of the oil and gas company’s stock valued at $837,000 after purchasing an additional 2,858 shares during the last quarter. Putnam Investments LLC purchased a new stake in shares of Natural Gas Services Group in the second quarter valued at about $1,409,000. Renaissance Technologies LLC raised its holdings in shares of Natural Gas Services Group by 9.9% in the second quarter. Renaissance Technologies LLC now owns 421,900 shares of the oil and gas company’s stock valued at $9,957,000 after purchasing an additional 37,911 shares during the last quarter. FMR LLC raised its holdings in shares of Natural Gas Services Group by 39.7% in the second quarter. FMR LLC now owns 504,400 shares of the oil and gas company’s stock valued at $11,904,000 after purchasing an additional 143,274 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Natural Gas Services Group by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,091,390 shares of the oil and gas company’s stock valued at $25,756,000 after purchasing an additional 3,095 shares during the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides gas compression equipment and services to the natural gas and oil industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2017, it had 2,546 natural gas compressors in its rental fleet totaling 369,961 horsepower.

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