Natural Gas Services Group (NYSE:NGS) Upgraded at StockNews.com

StockNews.com upgraded shares of Natural Gas Services Group (NYSE:NGS) from a sell rating to a hold rating in a research report released on Wednesday.

Separately, Raymond James reissued a “strong-buy” rating and issued a $32.00 price objective (down previously from $33.00) on shares of Natural Gas Services Group in a research report on Wednesday, March 19th.

Natural Gas Services Group Price Performance

Shares of NYSE NGS opened at $21.73 on Wednesday. The company has a fifty day moving average price of $25.06 and a 200 day moving average price of $23.98. The firm has a market cap of $271.83 million, a PE ratio of 16.98 and a beta of 1.13. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. Natural Gas Services Group has a 1-year low of $16.70 and a 1-year high of $29.74.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Monday, March 17th. The oil and gas company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $40.66 million during the quarter, compared to the consensus estimate of $40.84 million. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%. During the same period last year, the company earned $0.14 earnings per share. Research analysts predict that Natural Gas Services Group will post 1.42 earnings per share for the current fiscal year.

Insider Activity at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 19,400 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total transaction of $558,720.00. Following the transaction, the director now directly owns 438,387 shares in the company, valued at approximately $12,625,545.60. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.25% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NGS. Man Group plc lifted its stake in Natural Gas Services Group by 3.9% in the 4th quarter. Man Group plc now owns 18,574 shares of the oil and gas company’s stock valued at $498,000 after purchasing an additional 697 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Natural Gas Services Group by 17.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,634 shares of the oil and gas company’s stock valued at $607,000 after buying an additional 3,398 shares during the period. Deutsche Bank AG acquired a new stake in shares of Natural Gas Services Group in the fourth quarter valued at approximately $241,000. Bridgeway Capital Management LLC boosted its stake in shares of Natural Gas Services Group by 1.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 266,508 shares of the oil and gas company’s stock worth $7,142,000 after acquiring an additional 3,797 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Natural Gas Services Group by 34.5% during the 4th quarter. Bank of America Corp DE now owns 12,048 shares of the oil and gas company’s stock worth $323,000 after acquiring an additional 3,092 shares during the last quarter. Institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.