Natural Gas Services Group (NGS) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Natural Gas Services Group (NYSE:NGS) from a sell rating to a hold rating in a research note published on Tuesday morning.

According to Zacks, “Natural Gas Services Group, Inc. manufactures, fabricates, sells, rents and services natural gas compressors that enhance the production of natural gas wells. The Company also manufactures and sells flare systems and flare ignition systems for plant and production facilities. “

Shares of Natural Gas Services Group (NYSE:NGS) traded up $0.15 on Tuesday, reaching $28.80. 21,761 shares of the company traded hands, compared to its average volume of 28,915. The company has a market capitalization of $372.60, a price-to-earnings ratio of 160.00 and a beta of 1.28. Natural Gas Services Group has a 52-week low of $22.40 and a 52-week high of $31.30.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $15.91 million for the quarter, compared to the consensus estimate of $18.05 million. Natural Gas Services Group had a net margin of 3.41% and a return on equity of 0.98%. Natural Gas Services Group’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS. analysts anticipate that Natural Gas Services Group will post 0.16 earnings per share for the current fiscal year.

In other Natural Gas Services Group news, CFO G Larry Lawrence sold 6,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $25.23, for a total transaction of $151,380.00. Following the transaction, the chief financial officer now owns 39,478 shares in the company, valued at $996,029.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen Charles Taylor sold 16,212 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $25.17, for a total value of $408,056.04. Following the transaction, the chief executive officer now owns 293,300 shares in the company, valued at approximately $7,382,361. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,012 shares of company stock worth $762,626. Insiders own 6.88% of the company’s stock.

A number of hedge funds have recently made changes to their positions in NGS. Russell Investments Group Ltd. grew its holdings in Natural Gas Services Group by 15.5% during the second quarter. Russell Investments Group Ltd. now owns 27,600 shares of the oil and gas company’s stock valued at $686,000 after purchasing an additional 3,700 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Natural Gas Services Group by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 89,885 shares of the oil and gas company’s stock valued at $2,234,000 after purchasing an additional 579 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Natural Gas Services Group by 23.8% during the second quarter. Victory Capital Management Inc. now owns 48,845 shares of the oil and gas company’s stock valued at $1,214,000 after purchasing an additional 9,396 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Natural Gas Services Group by 31.3% during the second quarter. JPMorgan Chase & Co. now owns 14,454 shares of the oil and gas company’s stock valued at $359,000 after purchasing an additional 3,445 shares during the last quarter. Finally, Kennedy Capital Management Inc. grew its holdings in Natural Gas Services Group by 24.4% during the second quarter. Kennedy Capital Management Inc. now owns 257,195 shares of the oil and gas company’s stock valued at $6,391,000 after purchasing an additional 50,514 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

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Natural Gas Services Group Company Profile

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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