StockNews.com Upgrades Natural Gas Services Group (NYSE:NGS) to “Hold”

Natural Gas Services Group (NYSE:NGS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Separately, Raymond James assumed coverage on Natural Gas Services Group in a research report on Wednesday, August 7th. They set a “strong-buy” rating and a $27.00 price target on the stock.

Natural Gas Services Group Trading Up 5.5 %

Shares of NYSE:NGS opened at $27.33 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The company’s 50-day moving average price is $20.85 and its two-hundred day moving average price is $20.66. The stock has a market capitalization of $340.91 million, a PE ratio of 21.35 and a beta of 1.03. Natural Gas Services Group has a one year low of $12.75 and a one year high of $27.80.

Insider Buying and Selling

In other news, Director Stephen Charles Taylor sold 1,521 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.00, for a total transaction of $39,546.00. Following the sale, the director now directly owns 516,866 shares of the company’s stock, valued at approximately $13,438,516. This represents a 0.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 23,473 shares of company stock valued at $578,015. 7.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Natural Gas Services Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. MetLife Investment Management LLC raised its position in Natural Gas Services Group by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 3,564 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Natural Gas Services Group by 54.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock worth $165,000 after buying an additional 3,056 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Natural Gas Services Group in the second quarter valued at about $208,000. Rhumbline Advisers grew its position in Natural Gas Services Group by 2,513.0% in the second quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock valued at $243,000 after acquiring an additional 11,610 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Natural Gas Services Group during the third quarter worth about $261,000. Institutional investors own 65.62% of the company’s stock.

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.