Natural Gas Services Group (NYSE:NGS - Get Free Report)'s stock had its "strong-buy" rating reaffirmed by equities researchers at Raymond James in a research report issued on Wednesday,Benzinga reports. They presently have a $32.00 target price on the oil and gas company's stock, down from their previous target price of $33.00. Raymond James' price target would suggest a potential upside of 47.53% from the company's current price.
Separately, StockNews.com cut Natural Gas Services Group from a "hold" rating to a "sell" rating in a research note on Tuesday, March 18th.
Check Out Our Latest Report on NGS
Natural Gas Services Group Stock Up 0.7 %
NYSE NGS traded up $0.15 on Wednesday, reaching $21.69. The company had a trading volume of 100,207 shares, compared to its average volume of 75,042. The firm has a market capitalization of $271.28 million, a PE ratio of 16.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The firm has a 50-day moving average of $25.59 and a 200-day moving average of $23.94. Natural Gas Services Group has a 1 year low of $16.70 and a 1 year high of $29.74.
Natural Gas Services Group (NYSE:NGS - Get Free Report) last released its earnings results on Monday, March 17th. The oil and gas company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $40.66 million during the quarter, compared to analysts' expectations of $40.84 million. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%. During the same period in the prior year, the business posted $0.14 EPS. On average, equities research analysts anticipate that Natural Gas Services Group will post 1.42 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Stephen Charles Taylor sold 19,400 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 438,387 shares in the company, valued at $12,625,545.60. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.25% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Natural Gas Services Group
Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in Natural Gas Services Group by 4.5% during the fourth quarter. BNP Paribas Financial Markets now owns 9,040 shares of the oil and gas company's stock worth $242,000 after purchasing an additional 393 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Natural Gas Services Group by 3.2% during the third quarter. GSA Capital Partners LLP now owns 18,070 shares of the oil and gas company's stock valued at $345,000 after acquiring an additional 557 shares during the period. Man Group plc boosted its holdings in shares of Natural Gas Services Group by 3.9% during the fourth quarter. Man Group plc now owns 18,574 shares of the oil and gas company's stock valued at $498,000 after acquiring an additional 697 shares during the period. Barclays PLC boosted its holdings in shares of Natural Gas Services Group by 8.2% during the fourth quarter. Barclays PLC now owns 18,716 shares of the oil and gas company's stock valued at $502,000 after acquiring an additional 1,415 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Natural Gas Services Group by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 32,102 shares of the oil and gas company's stock valued at $860,000 after acquiring an additional 1,433 shares during the period. 65.62% of the stock is currently owned by institutional investors.
About Natural Gas Services Group
(
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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.
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