Several other equities research analysts have also weighed in on NGS. Zacks Investment Research upgraded shares of Natural Gas Services Group from a sell rating to a hold rating in a report on Thursday, November 30th. Seaport Global Securities reiterated a buy rating and issued a $29.00 target price on shares of Natural Gas Services Group in a report on Friday. 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 stock. The company has an average rating of Hold and a consensus price target of $28.00.
Shares of Natural Gas Services Group (NYSE:NGS) opened at $27.45 on Thursday. The firm has a market cap of $355.23, a price-to-earnings ratio of 228.75 and a beta of 1.27. Natural Gas Services Group has a twelve month low of $22.40 and a twelve month high of $29.55.
In other news, CEO Stephen Charles Taylor sold 16,212 shares of Natural Gas Services Group stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $25.17, for a total value of $408,056.04. Following the completion of the transaction, the chief executive officer now owns 293,300 shares of the company’s stock, valued at approximately $7,382,361. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP James R. Hazlett sold 1,890 shares of Natural Gas Services Group stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $28.95, for a total transaction of $54,715.50. Following the completion of the transaction, the vice president now directly owns 45,141 shares of the company’s stock, valued at approximately $1,306,831.95. The disclosure for this sale can be found here. In the last three months, insiders sold 38,787 shares of company stock valued at $1,016,836. Insiders own 6.88% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in NGS. MetLife Investment Advisors LLC bought a new stake in shares of Natural Gas Services Group during the 4th quarter worth about $174,000. Voya Investment Management LLC raised its stake in Natural Gas Services Group by 10.7% in the 2nd quarter. Voya Investment Management LLC now owns 9,464 shares of the oil and gas company’s stock worth $235,000 after purchasing an additional 916 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Natural Gas Services Group by 14.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,424 shares of the oil and gas company’s stock worth $284,000 after purchasing an additional 1,415 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Natural Gas Services Group in the 4th quarter worth about $308,000. Finally, Crestline Management LP acquired a new stake in Natural Gas Services Group in the 4th quarter worth about $417,000. 90.93% of the stock is owned by institutional investors.
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About Natural Gas Services Group
Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.
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