Natural Gas Services Group (NGS) Reaches New 12-Month Low at $15.41

Shares of Natural Gas Services Group, Inc. (NYSE:NGS) reached a new 52-week low on Monday . The company traded as low as $15.41 and last traded at $15.83, with a volume of 685 shares traded. The stock had previously closed at $16.20.

NGS has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Maxim Group assumed coverage on shares of Natural Gas Services Group in a report on Friday, January 25th. They issued a “buy” rating and a $24.00 price objective for the company. Finally, Zacks Investment Research raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $47.25.

The firm has a market capitalization of $209.49 million, a P/E ratio of 197.00 and a beta of 1.29.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Thursday, May 9th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $17.99 million during the quarter, compared to the consensus estimate of $17.46 million. Natural Gas Services Group had a net margin of 0.81% and a return on equity of 0.46%. Analysts anticipate that Natural Gas Services Group, Inc. will post 0.28 EPS for the current year.

In other Natural Gas Services Group news, CFO G Larry Lawrence sold 3,299 shares of Natural Gas Services Group stock in a transaction on Monday, April 8th. The shares were sold at an average price of $18.42, for a total value of $60,767.58. Following the completion of the transaction, the chief financial officer now owns 46,493 shares of the company’s stock, valued at $856,401.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP James R. Hazlett sold 3,000 shares of Natural Gas Services Group stock in a transaction on Monday, April 1st. The stock was sold at an average price of $17.26, for a total transaction of $51,780.00. Following the completion of the transaction, the vice president now directly owns 52,682 shares of the company’s stock, valued at approximately $909,291.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,399 shares of company stock valued at $292,896. 6.61% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oslo Asset Management AS raised its position in Natural Gas Services Group by 2.6% in the first quarter. Oslo Asset Management AS now owns 995,958 shares of the oil and gas company’s stock worth $17,240,000 after acquiring an additional 25,000 shares in the last quarter. BlackRock Inc. raised its position in Natural Gas Services Group by 1.6% in the fourth quarter. BlackRock Inc. now owns 934,501 shares of the oil and gas company’s stock worth $15,363,000 after acquiring an additional 14,906 shares in the last quarter. Vanguard Group Inc raised its position in Natural Gas Services Group by 7.5% in the third quarter. Vanguard Group Inc now owns 635,357 shares of the oil and gas company’s stock worth $13,407,000 after acquiring an additional 44,276 shares in the last quarter. Vanguard Group Inc. increased its stake in Natural Gas Services Group by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 635,357 shares of the oil and gas company’s stock worth $13,407,000 after purchasing an additional 44,276 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Natural Gas Services Group by 0.5% in the 1st quarter. Northern Trust Corp now owns 558,283 shares of the oil and gas company’s stock worth $9,664,000 after purchasing an additional 2,707 shares in the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.

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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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