StockNews.com Downgrades Natural Gas Services Group (NYSE:NGS) to Sell

Natural Gas Services Group (NYSE:NGS - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Tuesday.

Natural Gas Services Group Stock Up 0.7 %

NGS stock traded up $0.15 during midday trading on Tuesday, hitting $21.69. The stock had a trading volume of 100,207 shares, compared to its average volume of 75,042. Natural Gas Services Group has a 52-week low of $16.70 and a 52-week high of $29.74. The firm has a market cap of $270.91 million, a price-to-earnings ratio of 16.95 and a beta of 1.13. The business has a 50-day moving average of $25.59 and a two-hundred day moving average of $23.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The oil and gas company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.02. The firm had revenue of $40.66 million for the quarter, compared to the consensus estimate of $40.84 million. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. During the same quarter last year, the firm posted $0.14 EPS. As a group, equities research analysts forecast that Natural Gas Services Group will post 1.42 earnings per share for the current fiscal year.

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Insider Activity

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 19,400 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total transaction of $558,720.00. Following the completion of the transaction, the director now owns 438,387 shares in the company, valued at $12,625,545.60. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.25% of the company's stock.

Hedge Funds Weigh In On Natural Gas Services Group

Institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in Natural Gas Services Group in the fourth quarter worth about $5,733,000. First Eagle Investment Management LLC lifted its position in Natural Gas Services Group by 119.8% during the 4th quarter. First Eagle Investment Management LLC now owns 229,294 shares of the oil and gas company's stock worth $6,145,000 after acquiring an additional 124,978 shares during the period. Crown Advisors Management Inc. purchased a new position in shares of Natural Gas Services Group in the fourth quarter worth about $2,680,000. EAM Investors LLC acquired a new stake in shares of Natural Gas Services Group during the fourth quarter worth about $1,089,000. Finally, Raymond James Financial Inc. purchased a new stake in Natural Gas Services Group in the fourth quarter valued at approximately $1,001,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.