Natural Gas Services Group (NYSE:NGS) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Natural Gas Services Group (NYSE:NGS) from a sell rating to a hold rating in a research report sent to investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research raised Natural Gas Services Group from a sell rating to a hold rating in a research report on Wednesday.

Shares of Natural Gas Services Group stock traded down $0.46 on Thursday, hitting $15.10. The stock had a trading volume of 23,082 shares, compared to its average volume of 29,810. Natural Gas Services Group has a twelve month low of $14.87 and a twelve month high of $23.35. The company has a 50 day moving average price of $15.89. The firm has a market capitalization of $212.13 million, a PE ratio of 188.75 and a beta of 1.23.

Natural Gas Services Group (NYSE:NGS) last posted its earnings results on Thursday, May 9th. The oil and gas company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. Natural Gas Services Group had a return on equity of 0.46% and a net margin of 0.81%. The company had revenue of $17.99 million for the quarter, compared to the consensus estimate of $17.46 million. On average, equities analysts forecast that Natural Gas Services Group will post 0.27 earnings per share for the current fiscal year.

In related news, Director David L. Bradshaw sold 3,356 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $15.10, for a total value of $50,675.60. Following the completion of the sale, the director now directly owns 23,600 shares in the company, valued at $356,360. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. HITE Hedge Asset Management LLC bought a new stake in Natural Gas Services Group during the first quarter worth $598,000. BlackRock Inc. lifted its stake in Natural Gas Services Group by 1.6% during the fourth quarter. BlackRock Inc. now owns 934,501 shares of the oil and gas company’s stock worth $15,363,000 after purchasing an additional 14,906 shares during the last quarter. Two Sigma Investments LP lifted its stake in Natural Gas Services Group by 42.3% during the fourth quarter. Two Sigma Investments LP now owns 26,392 shares of the oil and gas company’s stock worth $434,000 after purchasing an additional 7,841 shares during the last quarter. Anderson Hoagland & Co. lifted its stake in Natural Gas Services Group by 6.8% during the first quarter. Anderson Hoagland & Co. now owns 88,823 shares of the oil and gas company’s stock worth $1,641,000 after purchasing an additional 5,661 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Natural Gas Services Group by 18.7% during the first quarter. Victory Capital Management Inc. now owns 72,957 shares of the oil and gas company’s stock worth $1,263,000 after purchasing an additional 11,514 shares during the last quarter. Institutional investors and hedge funds own 90.08% of the company’s stock.

Natural Gas Services Group Company Profile

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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