Natural Gas Services Group (NGS) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Natural Gas Services Group (NYSE:NGS) from a sell rating to a hold rating in a research report report published on Thursday morning.

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 recently weighed in on the company. Seaport Global Securities restated a buy rating on shares of Natural Gas Services Group in a research note on Friday, August 4th. Imperial Capital began coverage on Natural Gas Services Group in a research note on Wednesday, August 23rd. They issued an outperform rating and a $27.00 price target for the company. Finally, ValuEngine upgraded Natural Gas Services Group from a sell rating to a hold rating in a research note on Wednesday, September 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Natural Gas Services Group presently has a consensus rating of Buy and a consensus price target of $33.00.

Shares of Natural Gas Services Group (NYSE NGS) opened at $26.20 on Thursday. Natural Gas Services Group has a 1-year low of $22.40 and a 1-year high of $34.50. The company has a market capitalization of $339.05, a price-to-earnings ratio of 145.56 and a beta of 1.29.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). Natural Gas Services Group had a return on equity of 0.98% and a net margin of 3.41%. The company had revenue of $15.91 million during the quarter, compared to the consensus estimate of $18.05 million. During the same period last year, the firm posted $0.12 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year. equities analysts anticipate that Natural Gas Services Group will post 0.16 EPS for the current fiscal year.

In related news, VP James R. Hazlett sold 12,350 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $28.02, for a total transaction of $346,047.00. Following the completion of the sale, the vice president now owns 50,375 shares in the company, valued at $1,411,507.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Charles Taylor sold 3,874 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $28.58, for a total value of $110,718.92. The disclosure for this sale can be found here. 6.88% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of NGS. Bank of America Corp DE increased its position 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 in the last quarter. Nisa Investment Advisors LLC increased its position 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 in the last quarter. Voya Investment Management LLC increased its position in Natural Gas Services Group by 10.7% in the second quarter. Voya Investment Management LLC now owns 9,464 shares of the oil and gas company’s stock worth $235,000 after buying an additional 916 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Natural Gas Services Group by 14.1% in the second quarter. The Manufacturers Life Insurance Company now owns 11,424 shares of the oil and gas company’s stock worth $284,000 after buying an additional 1,415 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Natural Gas Services Group by 31.3% in the second quarter. JPMorgan Chase & Co. now owns 14,454 shares of the oil and gas company’s stock worth $359,000 after buying an additional 3,445 shares in the last quarter. Institutional investors and hedge funds own 90.26% of the company’s stock.

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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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