Zacks Investment Research Upgrades Natural Gas Services Group, Inc. (NGS) to “Hold”

Zacks Investment Research upgraded shares of Natural Gas Services Group, Inc. (NYSE:NGS) from a sell rating to a hold rating in a research note released on Thursday.

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. “

NGS has been the subject of a number of other research reports. ValuEngine upgraded Natural Gas Services Group from a sell rating to a hold rating in a research report on Wednesday, September 6th. Imperial Capital assumed coverage on Natural Gas Services Group in a research report on Wednesday, August 23rd. They set an outperform rating and a $27.00 price objective for the company. Finally, Seaport Global Securities reiterated a buy rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Natural Gas Services Group currently has an average rating of Buy and a consensus price target of $32.67.

Natural Gas Services Group (NYSE NGS) opened at 28.55 on Thursday. The stock’s 50 day moving average price is $25.34 and its 200 day moving average price is $25.73. The company has a market cap of $369.35 million, a P/E ratio of 110.66 and a beta of 1.28. Natural Gas Services Group has a 1-year low of $20.65 and a 1-year high of $34.50.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The firm had revenue of $16.20 million for the quarter, compared to analysts’ expectations of $16.03 million. Natural Gas Services Group had a net margin of 4.85% and a return on equity of 1.41%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. On average, equities analysts anticipate that Natural Gas Services Group will post $0.18 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Upgrades Natural Gas Services Group, Inc. (NGS) to “Hold”” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/09/zacks-investment-research-upgrades-natural-gas-services-group-inc-ngs-to-hold.html.

In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 3,874 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $28.58, for a total transaction of $110,718.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP James R. Hazlett sold 12,350 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $28.02, for a total value of $346,047.00. Following the sale, the vice president now directly owns 50,375 shares of the company’s stock, valued at approximately $1,411,507.50. The disclosure for this sale can be found here. Insiders own 6.88% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC bought a new stake in Natural Gas Services Group during the second quarter valued at about $838,000. The Manufacturers Life Insurance Company grew its holdings in Natural Gas Services Group by 14.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,424 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 1,415 shares during the period. State Street Corp grew its holdings in Natural Gas Services Group by 6.4% during the second quarter. State Street Corp now owns 250,140 shares of the oil and gas company’s stock valued at $6,211,000 after purchasing an additional 15,154 shares during the period. Punch & Associates Investment Management Inc. grew its holdings in Natural Gas Services Group by 1.2% during the second quarter. Punch & Associates Investment Management Inc. now owns 372,960 shares of the oil and gas company’s stock valued at $9,268,000 after purchasing an additional 4,275 shares during the period. Finally, Brandywine Global Investment Management LLC grew its holdings in Natural Gas Services Group by 6.2% during the second quarter. Brandywine Global Investment Management LLC now owns 139,851 shares of the oil and gas company’s stock valued at $3,476,000 after purchasing an additional 8,170 shares during the period. 89.28% of the stock is owned by institutional investors and hedge funds.

About Natural Gas Services Group

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.

Get a free copy of the Zacks research report on Natural Gas Services Group (NGS)

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. “

NGS has been the subject of a number of other research reports. ValuEngine upgraded Natural Gas Services Group from a sell rating to a hold rating in a research report on Wednesday, September 6th. Imperial Capital assumed coverage on Natural Gas Services Group in a research report on Wednesday, August 23rd. They set an outperform rating and a $27.00 price objective for the company. Finally, Seaport Global Securities reiterated a buy rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Natural Gas Services Group currently has an average rating of Buy and a consensus price target of $32.67.

Natural Gas Services Group (NYSE NGS) opened at 28.55 on Thursday. The stock’s 50 day moving average price is $25.34 and its 200 day moving average price is $25.73. The company has a market cap of $369.35 million, a P/E ratio of 110.66 and a beta of 1.28. Natural Gas Services Group has a 1-year low of $20.65 and a 1-year high of $34.50.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The firm had revenue of $16.20 million for the quarter, compared to analysts’ expectations of $16.03 million. Natural Gas Services Group had a net margin of 4.85% and a return on equity of 1.41%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. On average, equities analysts anticipate that Natural Gas Services Group will post $0.18 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Upgrades Natural Gas Services Group, Inc. (NGS) to “Hold”” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/09/zacks-investment-research-upgrades-natural-gas-services-group-inc-ngs-to-hold.html.

In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 3,874 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $28.58, for a total transaction of $110,718.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP James R. Hazlett sold 12,350 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $28.02, for a total value of $346,047.00. Following the sale, the vice president now directly owns 50,375 shares of the company’s stock, valued at approximately $1,411,507.50. The disclosure for this sale can be found here. Insiders own 6.88% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC bought a new stake in Natural Gas Services Group during the second quarter valued at about $838,000. The Manufacturers Life Insurance Company grew its holdings in Natural Gas Services Group by 14.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,424 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 1,415 shares during the period. State Street Corp grew its holdings in Natural Gas Services Group by 6.4% during the second quarter. State Street Corp now owns 250,140 shares of the oil and gas company’s stock valued at $6,211,000 after purchasing an additional 15,154 shares during the period. Punch & Associates Investment Management Inc. grew its holdings in Natural Gas Services Group by 1.2% during the second quarter. Punch & Associates Investment Management Inc. now owns 372,960 shares of the oil and gas company’s stock valued at $9,268,000 after purchasing an additional 4,275 shares during the period. Finally, Brandywine Global Investment Management LLC grew its holdings in Natural Gas Services Group by 6.2% during the second quarter. Brandywine Global Investment Management LLC now owns 139,851 shares of the oil and gas company’s stock valued at $3,476,000 after purchasing an additional 8,170 shares during the period. 89.28% of the stock is owned by institutional investors and hedge funds.

About Natural Gas Services Group

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.

Get a free copy of the Zacks research report on Natural Gas Services Group (NGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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