Natural Gas Services Group (NGS) Upgraded at Zacks Investment Research

Natural Gas Services Group (NYSE:NGS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

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. “

Shares of Natural Gas Services Group (NYSE NGS) opened at $28.15 on Tuesday. The stock has a market capitalization of $354.59, a P/E ratio of 156.39 and a beta of 1.28. Natural Gas Services Group has a 12 month low of $22.40 and a 12 month high of $31.70.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The firm had revenue of $15.91 million during the quarter, compared to analyst estimates of $18.05 million. Natural Gas Services Group had a return on equity of 0.98% and a net margin of 3.41%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. research analysts predict that Natural Gas Services Group will post 0.16 EPS for the current fiscal year.

In related news, Director John Chisholm sold 3,900 shares of Natural Gas Services Group stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $26.05, for a total transaction of $101,595.00. Following the transaction, the director now owns 29,232 shares in the company, valued at $761,493.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Stephen Charles Taylor sold 16,212 shares of Natural Gas Services Group stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $25.17, for a total value of $408,056.04. Following the transaction, the chief executive officer now owns 293,300 shares in the company, valued at approximately $7,382,361. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,012 shares of company stock worth $762,626. 6.53% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its position in Natural Gas Services Group by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 89,885 shares of the oil and gas company’s stock valued at $2,234,000 after purchasing an additional 579 shares during the period. Voya Investment Management LLC raised its position in Natural Gas Services Group by 10.7% in the second quarter. Voya Investment Management LLC now owns 9,464 shares of the oil and gas company’s stock valued at $235,000 after purchasing an additional 916 shares during the period. Teachers Advisors LLC raised its position in Natural Gas Services Group by 4.4% in the second quarter. Teachers Advisors LLC now owns 33,395 shares of the oil and gas company’s stock valued at $830,000 after purchasing an additional 1,402 shares during the period. The Manufacturers Life Insurance Company raised its position in Natural Gas Services Group by 14.1% in 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. Finally, JPMorgan Chase & Co. raised its position in Natural Gas Services Group by 31.3% in the second quarter. JPMorgan Chase & Co. now owns 14,454 shares of the oil and gas company’s stock valued at $359,000 after purchasing an additional 3,445 shares during the period. Institutional investors own 90.24% of the company’s stock.

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Natural Gas Services Group Company Profile

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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