Natural Gas Services Group (NYSE:NGS) Upgraded by StockNews.com to Hold Rating

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

Separately, Raymond James started coverage on shares of Natural Gas Services Group in a research report on Wednesday, August 7th. They set a “strong-buy” rating and a $27.00 target price for the company.

Natural Gas Services Group Stock Up 2.4 %

Shares of NYSE NGS opened at $27.89 on Wednesday. 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 stock has a market capitalization of $347.90 million, a PE ratio of 21.79 and a beta of 1.03. Natural Gas Services Group has a one year low of $12.75 and a one year high of $28.31. The business’s fifty day moving average price is $21.01 and its 200-day moving average price is $20.71.

Insider Activity

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 3,181 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $22.00, for a total value of $69,982.00. Following the completion of the transaction, the director now owns 548,387 shares in the company, valued at $12,064,514. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 23,473 shares of company stock worth $578,015. 7.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Natural Gas Services Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ancora Advisors LLC boosted its holdings in Natural Gas Services Group by 163.7% in the 1st quarter. Ancora Advisors LLC now owns 83,830 shares of the oil and gas company’s stock valued at $1,629,000 after purchasing an additional 52,040 shares during the period. Russell Investments Group Ltd. raised its position in shares of Natural Gas Services Group by 32.4% in the first quarter. Russell Investments Group Ltd. now owns 172,221 shares of the oil and gas company’s stock worth $3,346,000 after buying an additional 42,099 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Natural Gas Services Group by 80.1% during the second quarter. Assenagon Asset Management S.A. now owns 91,427 shares of the oil and gas company’s stock valued at $1,840,000 after buying an additional 40,672 shares during the period. Bank of New York Mellon Corp purchased a new position in Natural Gas Services Group during the second quarter worth about $788,000. Finally, Marshall Wace LLP increased its stake in Natural Gas Services Group by 100.7% in the 2nd quarter. Marshall Wace LLP now owns 77,220 shares of the oil and gas company’s stock worth $1,554,000 after acquiring an additional 38,751 shares during the last quarter. 65.62% of the stock is owned by hedge funds and other institutional investors.

About Natural Gas Services Group

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.