Natural Gas Services Group (NGS) Reaches New 52-Week Low at $17.50

Natural Gas Services Group, Inc. (NYSE:NGS) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $17.50 and last traded at $18.81, with a volume of 1240 shares trading hands. The stock had previously closed at $18.10.

NGS has been the topic of several recent research reports. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Seaport Global Securities set a $24.00 price target on shares of Natural Gas Services Group and gave the company a “buy” rating in a research note on Friday, August 17th. Finally, Zacks Investment Research upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $55.33.

The company has a market capitalization of $236.87 million, a price-to-earnings ratio of 165.73 and a beta of 1.35.



Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Thursday, August 9th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). The firm had revenue of $18.20 million for the quarter, compared to analyst estimates of $17.54 million. Natural Gas Services Group had a return on equity of 0.53% and a net margin of 30.05%. As a group, sell-side analysts expect that Natural Gas Services Group, Inc. will post 0.1 earnings per share for the current fiscal year.

In other news, CEO Stephen Charles Taylor sold 3,320 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $22.41, for a total transaction of $74,401.20. Following the transaction, the chief executive officer now directly owns 319,982 shares in the company, valued at approximately $7,170,796.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 21,106 shares of company stock worth $466,551 over the last 90 days. 6.61% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Strs Ohio boosted its holdings in shares of Natural Gas Services Group by 9.8% during the 2nd quarter. Strs Ohio now owns 29,200 shares of the oil and gas company’s stock worth $689,000 after buying an additional 2,600 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Natural Gas Services Group by 8.8% during the 2nd quarter. California Public Employees Retirement System now owns 35,445 shares of the oil and gas company’s stock worth $837,000 after buying an additional 2,858 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Natural Gas Services Group by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,091,390 shares of the oil and gas company’s stock worth $25,756,000 after buying an additional 3,095 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Natural Gas Services Group by 24.1% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 29,897 shares of the oil and gas company’s stock worth $706,000 after buying an additional 5,797 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Natural Gas Services Group by 9.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 72,782 shares of the oil and gas company’s stock worth $1,718,000 after buying an additional 6,086 shares during the period. Institutional investors own 90.88% of the company’s stock.

About Natural Gas Services Group (NYSE:NGS)

Natural Gas Services Group, Inc provides gas compression equipment and services to the natural gas and oil 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, 2017, it had 2,546 natural gas compressors in its rental fleet totaling 369,961 horsepower.

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