Natural Gas Services Group, Inc. (NYSE:NGS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, November 4th.
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 research analysts have also recently issued research reports about the stock. Seaport Global Securities restated a “buy” rating on shares of Natural Gas Services Group in a report on Friday, August 4th. ValuEngine cut shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Finally, Imperial Capital began coverage on shares of Natural Gas Services Group in a research report on Wednesday, August 23rd. They issued an “outperform” rating and a $27.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $32.67.
Shares of Natural Gas Services Group (NYSE:NGS) opened at $26.25 on Friday. The company has a market cap of $339.71, a P/E ratio of 145.83 and a beta of 1.33. Natural Gas Services Group has a 12 month low of $22.40 and a 12 month high of $34.50.
Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). Natural Gas Services Group had a net margin of 3.41% and a return on equity of 0.98%. The company had revenue of $15.91 million during the quarter, compared to analyst estimates of $18.05 million. During the same quarter last year, the company earned $0.12 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. equities analysts predict that Natural Gas Services Group will post 0.16 earnings per share for the current fiscal year.
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In related news, CEO Stephen Charles Taylor sold 3,874 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were 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 SEC, which is available through this link. Also, VP James R. Hazlett sold 12,350 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $28.02, for a total transaction of $346,047.00. Following the transaction, the vice president now directly owns 50,375 shares in the company, valued at $1,411,507.50. The disclosure for this sale can be found here. 6.53% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its stake in Natural Gas Services Group by 33.6% during the second quarter. Ameriprise Financial Inc. now owns 219,132 shares of the oil and gas company’s stock worth $5,445,000 after buying an additional 55,100 shares in the last quarter. Wells Fargo & Company MN grew its stake in Natural Gas Services Group by 18.2% during the first quarter. Wells Fargo & Company MN now owns 28,665 shares of the oil and gas company’s stock worth $747,000 after buying an additional 4,420 shares in the last quarter. Vanguard Group Inc. grew its stake in Natural Gas Services Group by 1.8% during the first quarter. Vanguard Group Inc. now owns 555,301 shares of the oil and gas company’s stock worth $14,466,000 after buying an additional 9,793 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in Natural Gas Services Group during the second quarter worth about $838,000. Finally, Menta Capital LLC grew its stake in Natural Gas Services Group by 12.3% during the second quarter. Menta Capital LLC now owns 66,060 shares of the oil and gas company’s stock worth $1,642,000 after buying an additional 7,230 shares in the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.
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.
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