Natural Gas Services Group, Inc. (NGS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Natural Gas Services Group, Inc. (NYSE:NGS) have received a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $69.50.

NGS has been the topic of several research reports. Zacks Investment Research raised shares of Natural Gas Services Group from a “sell” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, July 12th. Seaport Global Securities set a $24.00 price target on shares of Natural Gas Services Group and gave the stock a “buy” rating in a research note on Friday, August 17th. Finally, ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th.

In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 13,776 shares of Natural Gas Services Group stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $22.01, for a total transaction of $303,209.76. Following the transaction, the chief executive officer now directly owns 330,438 shares of the company’s stock, valued at $7,272,940.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 21,106 shares of company stock worth $466,551 over the last three months. Insiders own 6.61% of the company’s stock.



Hedge funds have recently bought and sold shares of the business. Putnam Investments LLC bought a new position in shares of Natural Gas Services Group in the second quarter worth approximately $1,409,000. Russell Investments Group Ltd. grew its holdings in shares of Natural Gas Services Group by 20.6% in the second quarter. Russell Investments Group Ltd. now owns 87,037 shares of the oil and gas company’s stock worth $2,054,000 after purchasing an additional 14,872 shares during the last quarter. FMR LLC grew its holdings in shares of Natural Gas Services Group by 39.7% in the second quarter. FMR LLC now owns 504,400 shares of the oil and gas company’s stock worth $11,904,000 after purchasing an additional 143,274 shares during the last quarter. Strs Ohio grew its holdings in shares of Natural Gas Services Group by 9.8% in the second quarter. Strs Ohio now owns 29,200 shares of the oil and gas company’s stock worth $689,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Natural Gas Services Group by 9.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 72,782 shares of the oil and gas company’s stock worth $1,718,000 after purchasing an additional 6,086 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NGS opened at $18.23 on Wednesday. The company has a market capitalization of $238.58 million, a P/E ratio of 165.73 and a beta of 1.35. Natural Gas Services Group has a 1-year low of $17.50 and a 1-year high of $29.35.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings results on Thursday, August 9th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). The business had revenue of $18.20 million for the quarter, compared to analysts’ expectations 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, equities analysts anticipate that Natural Gas Services Group will post 0.1 EPS for the current fiscal year.

Natural Gas Services Group Company Profile

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.

Further Reading: What is a bull market?

Receive News & Ratings for Natural Gas Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Gas Services Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply