Zacks Investment Research upgraded shares of Natural Gas Services Group (NYSE:NGS) from a hold rating to a buy rating in a research note published on Saturday, Zacks.com reports. They currently have $13.00 price objective on the oil and gas company’s stock.
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. “
A number of other analysts have also recently issued reports on the company. ValuEngine upgraded Natural Gas Services Group from a sell rating to a hold rating in a research report on Thursday, August 1st. Imperial Capital lowered their price objective on Natural Gas Services Group from $21.00 to $18.00 and set an outperform rating on the stock in a research report on Wednesday, August 7th. Finally, Maxim Group restated a buy rating and set a $18.00 price objective (down from $24.00) on shares of Natural Gas Services Group in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Natural Gas Services Group currently has a consensus rating of Buy and an average target price of $18.00.
Shares of NGS traded down $0.19 on Friday, reaching $11.16. 98,411 shares of the stock traded hands, compared to its average volume of 57,108. The firm has a market cap of $149.14 million, a price-to-earnings ratio of 139.50 and a beta of 1.32. Natural Gas Services Group has a 12 month low of $10.22 and a 12 month high of $21.21. The stock’s 50-day moving average price is $12.45 and its 200-day moving average price is $14.20.
Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Thursday, November 7th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The business had revenue of $20.85 million for the quarter, compared to analysts’ expectations of $19.65 million. Natural Gas Services Group had a return on equity of 0.58% and a net margin of 1.25%. As a group, equities research analysts anticipate that Natural Gas Services Group will post 0.16 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in NGS. Aperio Group LLC acquired a new stake in Natural Gas Services Group in the 2nd quarter valued at $50,000. TRUE Private Wealth Advisors acquired a new stake in Natural Gas Services Group in the 2nd quarter valued at $63,000. BW Gestao de Investimentos Ltda. boosted its stake in Natural Gas Services Group by 54.4% in the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 8,344 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 2,940 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new stake in Natural Gas Services Group in the 2nd quarter valued at $193,000. Finally, Marshall Wace LLP acquired a new stake in Natural Gas Services Group in the 1st quarter valued at $229,000. 89.20% of the stock is currently owned by institutional investors and hedge funds.
Natural Gas Services Group Company Profile
Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas 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, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.
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