Natural Gas Services Group, Inc. (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 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. “

NGS has been the subject of a number of other research reports. ValuEngine upgraded 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 restated a “buy” rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $32.67.

Natural Gas Services Group (NYSE NGS) opened at 23.60 on Thursday. The firm has a 50-day moving average of $24.85 and a 200 day moving average of $26.44. Natural Gas Services Group has a one year low of $20.65 and a one year high of $34.50. The company has a market capitalization of $305.31 million, a P/E ratio of 91.47 and a beta of 1.23.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. Natural Gas Services Group had a return on equity of 1.41% and a net margin of 4.85%. The company had revenue of $16.20 million for the quarter, compared to the consensus estimate of $16.03 million. During the same quarter in the prior year, the company posted $0.10 EPS. Natural Gas Services Group’s revenue was down 5.8% compared to the same quarter last year. On average, equities analysts forecast that Natural Gas Services Group will post $0.19 EPS for the current fiscal year.

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In related news, Director William F. Hughes, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $26.86, for a total value of $40,290.00. Following the transaction, the director now owns 37,563 shares of the company’s stock, valued at approximately $1,008,942.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David L. Bradshaw sold 2,540 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $23.60, for a total transaction of $59,944.00. Following the completion of the transaction, the director now directly owns 18,000 shares in the company, valued at approximately $424,800. The disclosure for this sale can be found here. In the last three months, insiders sold 16,040 shares of company stock worth $400,114. Insiders own 6.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of NGS. Franklin Resources Inc. increased its position in Natural Gas Services Group by 33.3% in the second quarter. Franklin Resources Inc. now owns 928,700 shares of the oil and gas company’s stock valued at $23,078,000 after buying an additional 232,000 shares in the last quarter. Northern Trust Corp increased its position in Natural Gas Services Group by 6.6% in the second quarter. Northern Trust Corp now owns 575,993 shares of the oil and gas company’s stock valued at $14,313,000 after buying an additional 35,559 shares in the last quarter. Vanguard Group Inc. increased its position in Natural Gas Services Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 569,428 shares of the oil and gas company’s stock valued at $14,151,000 after buying an additional 14,127 shares in the last quarter. Bank of New York Mellon Corp increased its position in Natural Gas Services Group by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 567,437 shares of the oil and gas company’s stock valued at $14,781,000 after buying an additional 14,359 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its position in Natural Gas Services Group by 9.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 368,685 shares of the oil and gas company’s stock valued at $9,604,000 after buying an additional 32,300 shares in the last quarter. 88.23% of the stock is currently owned by institutional investors.

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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