Natural Gas Services Group’s (NGS) Strong-Buy Rating Reaffirmed at Raymond James

Natural Gas Services Group (NYSE:NGS)‘s stock had its “strong-buy” rating restated by research analysts at Raymond James in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $32.00 price objective on the oil and gas company’s stock, down from their prior price objective of $33.00. Raymond James’ price target would indicate a potential upside of 48.81% from the company’s previous close.

Separately, StockNews.com downgraded shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday.

Natural Gas Services Group Trading Down 4.1 %

Shares of NGS stock opened at $21.50 on Wednesday. The business’s 50 day moving average is $25.69 and its two-hundred day moving average is $23.89. The company has a market cap of $268.58 million, a PE ratio of 16.80 and a beta of 1.13. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. Natural Gas Services Group has a 12 month low of $16.70 and a 12 month high of $29.74.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings data on Monday, March 17th. The oil and gas company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $40.66 million for the quarter, compared to the consensus estimate of $40.84 million. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. During the same quarter last year, the company posted $0.14 earnings per share. Equities analysts predict that Natural Gas Services Group will post 1.42 EPS for the current year.

Insider Transactions at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 19,400 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total value of $558,720.00. Following the completion of the transaction, the director now directly owns 438,387 shares of the company’s stock, valued at $12,625,545.60. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in Natural Gas Services Group by 76.5% in the third quarter. JPMorgan Chase & Co. now owns 34,548 shares of the oil and gas company’s stock worth $660,000 after purchasing an additional 14,974 shares during the period. Rhumbline Advisers lifted its position in Natural Gas Services Group by 195.2% in the fourth quarter. Rhumbline Advisers now owns 31,362 shares of the oil and gas company’s stock worth $840,000 after purchasing an additional 20,738 shares during the period. Barclays PLC lifted its position in Natural Gas Services Group by 47.5% in the third quarter. Barclays PLC now owns 17,301 shares of the oil and gas company’s stock worth $331,000 after purchasing an additional 5,575 shares during the period. State Street Corp lifted its holdings in shares of Natural Gas Services Group by 19.1% during the third quarter. State Street Corp now owns 162,646 shares of the oil and gas company’s stock valued at $3,108,000 after acquiring an additional 26,069 shares during the period. Finally, Inspire Investing LLC bought a new position in shares of Natural Gas Services Group during the fourth quarter valued at $890,000. 65.62% of the stock is owned by institutional investors.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.