TheStreet Lowers Natural Gas Services Group (NGS) to C+

TheStreet cut shares of Natural Gas Services Group (NYSE:NGS) from a b rating to a c+ rating in a report issued on Monday morning.

Several other analysts have also recently weighed in on NGS. ValuEngine cut Natural Gas Services Group from a hold rating to a sell rating in a report on Wednesday, April 4th. Seaport Global Securities restated a buy rating and set a $29.00 price target on shares of Natural Gas Services Group in a report on Friday, March 9th. Zacks Investment Research upgraded Natural Gas Services Group from a sell rating to a hold rating in a report on Tuesday, January 9th. Finally, Capital One Financial reiterated an overweight rating on shares of Natural Gas Services Group in a report on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $28.00.

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NYSE:NGS opened at $26.30 on Monday. The stock has a market cap of $334.53, a PE ratio of 240.00 and a beta of 1.24. Natural Gas Services Group has a 1-year low of $22.40 and a 1-year high of $29.55.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings results on Thursday, March 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $16.70 million for the quarter, compared to the consensus estimate of $16.77 million. Natural Gas Services Group had a return on equity of 0.62% and a net margin of 29.31%. research analysts anticipate that Natural Gas Services Group will post 0.34 EPS for the current year.

In related news, VP James R. Hazlett sold 1,890 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $28.95, for a total value of $54,715.50. Following the sale, the vice president now directly owns 45,141 shares in the company, valued at $1,306,831.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Chisholm sold 16,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $24.13, for a total value of $396,431.77. Following the completion of the sale, the director now owns 29,154 shares in the company, valued at $703,486.02. The disclosure for this sale can be found here. Insiders sold 23,767 shares of company stock worth $592,057 over the last quarter. 6.53% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in NGS. MetLife Investment Advisors LLC bought a new position in shares of Natural Gas Services Group during the 4th quarter worth approximately $174,000. Stone Ridge Asset Management LLC bought a new position in shares of Natural Gas Services Group during the 4th quarter worth approximately $308,000. Crestline Management LP bought a new position in shares of Natural Gas Services Group during the 4th quarter worth approximately $417,000. Wells Fargo & Company MN boosted its holdings in shares of Natural Gas Services Group by 21.4% during the 3rd quarter. Wells Fargo & Company MN now owns 28,419 shares of the oil and gas company’s stock worth $807,000 after buying an additional 5,016 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Natural Gas Services Group by 56.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 43,264 shares of the oil and gas company’s stock worth $1,229,000 after buying an additional 15,664 shares in the last quarter. Institutional investors and hedge funds own 90.92% 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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