Natural Gas Services Group (NYSE:NGS) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Monday.
A number of other research firms have also recently issued reports on NGS. Maxim Group started coverage on shares of Natural Gas Services Group in a research note on Friday, January 25th. They issued a “buy” rating and a $24.00 target price for the company. Zacks Investment Research upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Seaport Global Securities set a $23.00 target price on shares of Natural Gas Services Group and gave the company a “buy” rating in a research note on Friday, December 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Natural Gas Services Group presently has an average rating of “Buy” and an average price target of $47.25.
NYSE:NGS opened at $17.75 on Monday. Natural Gas Services Group has a 1 year low of $15.42 and a 1 year high of $28.10. The company has a market capitalization of $222.86 million, a PE ratio of 161.36 and a beta of 1.36.
Natural Gas Services Group (NYSE:NGS) last posted its earnings results on Thursday, November 8th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Natural Gas Services Group had a net margin of 29.40% and a return on equity of 0.41%. The company had revenue of $16.40 million during the quarter, compared to analysts’ expectations of $18.27 million. On average, sell-side analysts forecast that Natural Gas Services Group will post 0.09 EPS for the current fiscal year.
In related news, CEO Stephen Charles Taylor sold 12,444 shares of the business’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $17.89, for a total value of $222,623.16. Following the completion of the transaction, the chief executive officer now owns 330,973 shares in the company, valued at approximately $5,921,106.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Chisholm sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $18.20, for a total transaction of $45,500.00. Following the completion of the transaction, the director now owns 13,464 shares of the company’s stock, valued at approximately $245,044.80. The disclosure for this sale can be found here. Insiders sold a total of 67,186 shares of company stock valued at $1,175,151 in the last 90 days. 6.61% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of NGS. MetLife Investment Advisors LLC grew its holdings in Natural Gas Services Group by 51.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 10,054 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 3,411 shares during the period. Rhumbline Advisers grew its holdings in Natural Gas Services Group by 35.4% during the 4th quarter. Rhumbline Advisers now owns 17,822 shares of the oil and gas company’s stock worth $293,000 after acquiring an additional 4,659 shares during the period. Citadel Advisors LLC acquired a new stake in Natural Gas Services Group during the 3rd quarter worth $351,000. Dupont Capital Management Corp acquired a new stake in Natural Gas Services Group during the 4th quarter worth $406,000. Finally, California Public Employees Retirement System grew its holdings in Natural Gas Services Group by 8.8% during the 2nd quarter. California Public Employees Retirement System now owns 35,445 shares of the oil and gas company’s stock worth $837,000 after acquiring an additional 2,858 shares during the period. Hedge funds and other institutional investors own 89.02% 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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