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

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. The firm currently has $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. “

Other equities research analysts also recently issued research reports about the company. Maxim Group reiterated a buy rating and issued a $18.00 price objective (down previously from $24.00) on shares of Natural Gas Services Group in a report on Wednesday, August 7th. Imperial Capital dropped their price objective on Natural Gas Services Group from $21.00 to $18.00 and set an outperform rating for the company in a report on Wednesday, August 7th. Finally, ValuEngine upgraded Natural Gas Services Group from a sell rating to a hold rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $18.00.

NYSE NGS traded down $0.19 on Friday, reaching $11.16. The company had a trading volume of 98,411 shares, compared to its average volume of 57,108. The stock’s 50 day moving average is $12.45 and its 200-day moving average is $14.20. The stock 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 52 week low of $10.22 and a 52 week high of $21.21.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Thursday, November 7th. The oil and gas company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The business had revenue of $20.85 million during the quarter, compared to the consensus estimate 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 predict that Natural Gas Services Group will post 0.16 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the business. BW Gestao de Investimentos Ltda. increased its holdings in shares of Natural Gas Services Group by 54.4% in the third quarter. BW Gestao de Investimentos Ltda. now owns 8,344 shares of the oil and gas company’s stock worth $107,000 after acquiring an additional 2,940 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Natural Gas Services Group by 40.7% in the third quarter. Russell Investments Group Ltd. now owns 333,802 shares of the oil and gas company’s stock worth $4,276,000 after acquiring an additional 96,580 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Natural Gas Services Group by 9.8% in the third quarter. Rhumbline Advisers now owns 19,942 shares of the oil and gas company’s stock worth $255,000 after acquiring an additional 1,777 shares in the last quarter. Legato Capital Management LLC increased its holdings in shares of Natural Gas Services Group by 16.9% in the third quarter. Legato Capital Management LLC now owns 129,136 shares of the oil and gas company’s stock worth $1,570,000 after acquiring an additional 18,659 shares in the last quarter. Finally, Anderson Hoagland & Co. increased its holdings in shares of Natural Gas Services Group by 21.8% in the third quarter. Anderson Hoagland & Co. now owns 111,098 shares of the oil and gas company’s stock worth $1,198,000 after acquiring an additional 19,862 shares in the last quarter. Institutional investors own 89.20% 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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