Natural Gas Services Group, Inc. Common Stock (NGS) Receives $49.50 Average Price Target from Analysts

Share on StockTwits

Natural Gas Services Group, Inc. Common Stock (NYSE:NGS) has been assigned a consensus rating of “Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $57.00.

Several research analysts recently commented on NGS shares. ValuEngine cut shares of Natural Gas Services Group, Inc. Common Stock from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th. TheStreet cut shares of Natural Gas Services Group, Inc. Common Stock from a “b” rating to a “c+” rating in a report on Monday, April 16th. Zacks Investment Research upgraded shares of Natural Gas Services Group, Inc. Common Stock from a “sell” rating to a “hold” rating in a report on Thursday, May 10th. Finally, Argus increased their target price on shares of Natural Gas Services Group, Inc. Common Stock from $195.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, May 24th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in Natural Gas Services Group, Inc. Common Stock during the fourth quarter worth $174,000. Stone Ridge Asset Management LLC bought a new stake in Natural Gas Services Group, Inc. Common Stock during the fourth quarter worth $308,000. Segall Bryant & Hamill LLC bought a new stake in Natural Gas Services Group, Inc. Common Stock during the first quarter worth $575,000. Acuitas Investments LLC bought a new stake in Natural Gas Services Group, Inc. Common Stock during the first quarter worth $682,000. Finally, California Public Employees Retirement System raised its position in Natural Gas Services Group, Inc. Common Stock by 10.8% during the first quarter. California Public Employees Retirement System now owns 32,587 shares of the oil and gas company’s stock worth $777,000 after acquiring an additional 3,187 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Shares of Natural Gas Services Group, Inc. Common Stock stock traded down $0.05 on Monday, hitting $22.25. The company had a trading volume of 19,454 shares, compared to its average volume of 33,115. The stock has a market capitalization of $291.81 million, a PE ratio of 202.27 and a beta of 1.23. Natural Gas Services Group, Inc. Common Stock has a twelve month low of $21.70 and a twelve month high of $29.55.

Natural Gas Services Group, Inc. Common Stock (NYSE:NGS) last announced its earnings results on Thursday, May 10th. The oil and gas company reported $0.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. Natural Gas Services Group, Inc. Common Stock had a net margin of 31.19% and a return on equity of 0.60%. The business had revenue of $14.72 million during the quarter, compared to analysts’ expectations of $17.32 million. equities research analysts forecast that Natural Gas Services Group, Inc. Common Stock will post 0.3 EPS for the current fiscal year.

Natural Gas Services Group, Inc. Common Stock 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.

Read More: Are Wall Street analysts’ stock ratings worth following?

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

Leave a Reply