Natural Gas Services Group (NYSE:NGS) Lifted to “Hold” at 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 Wednesday morning, Zacks.com reports.

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. “

Separately, ValuEngine cut shares of Natural Gas Services Group from a hold rating to a sell rating in a report on Wednesday, May 1st.

Shares of Natural Gas Services Group stock traded down $0.46 on Wednesday, hitting $15.10. The stock had a trading volume of 23,082 shares, compared to its average volume of 29,810. Natural Gas Services Group has a one year low of $14.87 and a one year high of $23.35. The firm has a market cap of $212.13 million, a PE ratio of 188.75 and a beta of 1.23. The firm has a 50-day moving average of $15.89.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Thursday, May 9th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. Natural Gas Services Group had a net margin of 0.81% and a return on equity of 0.46%. The firm had revenue of $17.99 million for the quarter, compared to analysts’ expectations of $17.46 million. As a group, analysts expect that Natural Gas Services Group will post 0.27 EPS for the current fiscal year.

In other news, Director David L. Bradshaw sold 3,356 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $15.10, for a total value of $50,675.60. Following the transaction, the director now owns 23,600 shares in the company, valued at $356,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.20% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors purchased a new stake in shares of Natural Gas Services Group during the 2nd quarter worth approximately $63,000. Oslo Asset Management AS raised its holdings in shares of Natural Gas Services Group by 0.5% during the 2nd quarter. Oslo Asset Management AS now owns 1,000,958 shares of the oil and gas company’s stock worth $16,516,000 after acquiring an additional 5,000 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of Natural Gas Services Group during the 2nd quarter worth approximately $50,000. AltraVue Capital LLC raised its holdings in Natural Gas Services Group by 13.7% during the 2nd quarter. AltraVue Capital LLC now owns 280,996 shares of the oil and gas company’s stock valued at $4,637,000 after buying an additional 33,857 shares during the period. Finally, Strs Ohio raised its holdings in Natural Gas Services Group by 7.5% during the 2nd quarter. Strs Ohio now owns 31,400 shares of the oil and gas company’s stock valued at $518,000 after buying an additional 2,200 shares during the period. Institutional investors and hedge funds own 90.08% of the company’s stock.

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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