Natural Gas Services Group (NYSE:NGS) Stock Price Crosses Above 200 Day Moving Average of $16.25

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Shares of Natural Gas Services Group, Inc. (NYSE:NGS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.25 and traded as high as $11.25. Natural Gas Services Group shares last traded at $10.90, with a volume of 657 shares trading hands.

NGS has been the topic of several analyst reports. Imperial Capital lowered their target price on Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Maxim Group reiterated a “buy” rating and issued a $18.00 target price (down from $24.00) on shares of Natural Gas Services Group in a research note on Wednesday, August 7th. Zacks Investment Research downgraded Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Finally, ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Natural Gas Services Group currently has an average rating of “Hold” and an average target price of $19.67.

The stock has a market capitalization of $147.35 million, a PE ratio of 131.38 and a beta of 1.23. The stock has a 50 day moving average of $14.18 and a two-hundred day moving average of $16.25.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). Natural Gas Services Group had a net margin of 1.25% and a return on equity of 0.58%. The business had revenue of $19.90 million during the quarter, compared to analysts’ expectations of $17.95 million. Equities analysts anticipate that Natural Gas Services Group, Inc. will post 0.15 EPS for the current year.

In other Natural Gas Services Group news, Director David L. Bradshaw sold 3,356 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $15.10, for a total transaction of $50,675.60. Following the sale, the director now directly owns 23,600 shares in the company, valued at $356,360. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.20% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NGS. BNP Paribas Arbitrage SA boosted its position in Natural Gas Services Group by 451.1% during the first quarter. BNP Paribas Arbitrage SA now owns 2,612 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 2,138 shares in the last quarter. Aperio Group LLC acquired a new position in shares of Natural Gas Services Group in the second quarter worth $50,000. TRUE Private Wealth Advisors acquired a new position in shares of Natural Gas Services Group in the second quarter worth $63,000. Marshall Wace North America L.P. acquired a new position in shares of Natural Gas Services Group in the first quarter worth $104,000. Finally, Bank of America Corp DE raised its holdings in shares of Natural Gas Services Group by 43.4% in the fourth quarter. Bank of America Corp DE now owns 10,765 shares of the oil and gas company’s stock worth $177,000 after acquiring an additional 3,259 shares during the last quarter. Institutional investors own 94.84% of the company’s stock.

About Natural Gas Services Group (NYSE:NGS)

Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas 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, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.

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