Natural Gas Services Group, Inc. (NGS) Receives Consensus Rating of “Buy” from Brokerages

Natural Gas Services Group, Inc. (NYSE:NGS) has earned an average recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $69.00.

Several equities analysts have weighed in on NGS shares. Zacks Investment Research raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Seaport Global Securities set a $23.00 target price on Natural Gas Services Group and gave the company a “buy” rating in a research note on Friday, December 7th.

In other news, Director John Chisholm sold 2,500 shares of Natural Gas Services Group stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $18.20, for a total transaction of $45,500.00. Following the completion of the sale, the director now directly owns 13,464 shares in the company, valued at approximately $245,044.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.61% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in NGS. MetLife Investment Advisors LLC lifted its holdings in shares of Natural Gas Services Group by 51.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 10,054 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 3,411 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Natural Gas Services Group in the 3rd quarter worth approximately $351,000. California Public Employees Retirement System lifted its holdings in Natural Gas Services Group by 8.8% in the 2nd quarter. California Public Employees Retirement System now owns 35,445 shares of the oil and gas company’s stock worth $837,000 after purchasing an additional 2,858 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Natural Gas Services Group by 2.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 45,247 shares of the oil and gas company’s stock worth $955,000 after purchasing an additional 1,022 shares during the last quarter. Finally, Putnam Investments LLC acquired a new stake in Natural Gas Services Group in the 2nd quarter worth approximately $1,409,000. Institutional investors and hedge funds own 90.40% of the company’s stock.

NYSE:NGS traded down $0.48 on Monday, hitting $17.90. 16,515 shares of the company’s stock traded hands, compared to its average volume of 26,125. Natural Gas Services Group has a 1 year low of $15.42 and a 1 year high of $29.35. The stock has a market cap of $243.59 million, a PE ratio of 162.73 and a beta of 1.39.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Thursday, November 8th. The oil and gas company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. Natural Gas Services Group had a return on equity of 0.41% and a net margin of 29.40%. The company had revenue of $16.40 million for the quarter, compared to analysts’ expectations of $18.27 million. Sell-side analysts forecast that Natural Gas Services Group will post 0.09 EPS for the current year.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides gas compression equipment and services to the natural gas and oil 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, 2017, it had 2,546 natural gas compressors in its rental fleet totaling 369,961 horsepower.

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