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.
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.
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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