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.
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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