Natural Gas Services Group (NYSE:NGS) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Natural Gas Services Group (NYSE:NGS) from a sell rating to a hold rating in a research note published on Tuesday morning.

Separately, Raymond James reiterated a “strong-buy” rating and set a $32.00 price target (down from $33.00) on shares of Natural Gas Services Group in a report on Wednesday, March 19th.

Natural Gas Services Group Stock Performance

Shares of NGS stock opened at $19.42 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The firm has a 50-day moving average of $22.68 and a 200-day moving average of $23.93. Natural Gas Services Group has a one year low of $16.70 and a one year high of $29.74. The company has a market cap of $242.82 million, a P/E ratio of 15.17 and a beta of 0.77.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Monday, March 17th. The oil and gas company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. The firm had revenue of $40.66 million during the quarter, compared to analyst estimates of $40.84 million. During the same quarter last year, the business posted $0.14 EPS. Equities research analysts forecast that Natural Gas Services Group will post 1.42 EPS for the current fiscal year.

Insider Activity at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 19,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total value of $558,720.00. Following the transaction, the director now owns 438,387 shares in the company, valued at approximately $12,625,545.60. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.25% of the stock is owned by company insiders.

Institutional Trading of Natural Gas Services Group

Several hedge funds have recently made changes to their positions in NGS. JPMorgan Chase & Co. raised its stake in Natural Gas Services Group by 76.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,548 shares of the oil and gas company’s stock valued at $660,000 after acquiring an additional 14,974 shares during the period. Rhumbline Advisers raised its position in shares of Natural Gas Services Group by 195.2% in the fourth quarter. Rhumbline Advisers now owns 31,362 shares of the oil and gas company’s stock valued at $840,000 after purchasing an additional 20,738 shares during the period. Barclays PLC raised its position in shares of Natural Gas Services Group by 47.5% in the third quarter. Barclays PLC now owns 17,301 shares of the oil and gas company’s stock valued at $331,000 after purchasing an additional 5,575 shares during the period. State Street Corp lifted its stake in shares of Natural Gas Services Group by 19.1% during the 3rd quarter. State Street Corp now owns 162,646 shares of the oil and gas company’s stock valued at $3,108,000 after buying an additional 26,069 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Natural Gas Services Group in the 4th quarter worth approximately $1,001,000. 65.62% of the stock is currently owned by institutional investors.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.