Natural Gas Services Group (NGS) Sets New 12-Month Low at $18.65

Natural Gas Services Group, Inc. (NYSE:NGS) reached a new 52-week low on Friday . The stock traded as low as $18.65 and last traded at $19.02, with a volume of 1763 shares trading hands. The stock had previously closed at $19.36.

NGS has been the subject of several research reports. Zacks Investment Research upgraded shares of Natural Gas Services Group from a “sell” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, July 12th. Seaport Global Securities set a $24.00 price objective on shares of Natural Gas Services Group and gave the company a “buy” rating in a research report on Friday, August 17th. Argus raised their price objective on shares of Natural Gas Services Group from $106.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, June 25th. Finally, ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Natural Gas Services Group presently has a consensus rating of “Buy” and an average target price of $55.33.

The stock has a market cap of $260.29 million, a price-to-earnings ratio of 174.27 and a beta of 1.35.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings results on Thursday, August 9th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). Natural Gas Services Group had a return on equity of 0.53% and a net margin of 30.05%. The business had revenue of $18.20 million for the quarter, compared to analyst estimates of $17.54 million. On average, analysts predict that Natural Gas Services Group, Inc. will post 0.11 earnings per share for the current year.

In other news, CEO Stephen Charles Taylor sold 3,320 shares of Natural Gas Services Group stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $22.41, for a total transaction of $74,401.20. Following the completion of the sale, the chief executive officer now owns 319,982 shares in the company, valued at approximately $7,170,796.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 21,106 shares of company stock valued at $466,551. 6.61% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. California Public Employees Retirement System grew its position in shares of Natural Gas Services Group by 8.8% during the 2nd quarter. California Public Employees Retirement System now owns 35,445 shares of the oil and gas company’s stock worth $837,000 after buying an additional 2,858 shares during the period. Putnam Investments LLC bought a new position in Natural Gas Services Group during the 2nd quarter worth approximately $1,409,000. Renaissance Technologies LLC boosted its stake in Natural Gas Services Group by 9.9% during the 2nd quarter. Renaissance Technologies LLC now owns 421,900 shares of the oil and gas company’s stock worth $9,957,000 after acquiring an additional 37,911 shares during the last quarter. FMR LLC boosted its stake in Natural Gas Services Group by 39.7% during the 2nd quarter. FMR LLC now owns 504,400 shares of the oil and gas company’s stock worth $11,904,000 after acquiring an additional 143,274 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Natural Gas Services Group by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,091,390 shares of the oil and gas company’s stock worth $25,756,000 after acquiring an additional 3,095 shares during the last quarter. Institutional investors own 90.89% of the company’s stock.

Natural Gas Services Group Company Profile (NYSE:NGS)

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.

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