StockNews.com Downgrades Natural Gas Services Group (NYSE:NGS) to Sell

StockNews.com lowered shares of Natural Gas Services Group (NYSE:NGS) from a hold rating to a sell rating in a research report released on Tuesday.

Separately, Raymond James began coverage on shares of Natural Gas Services Group in a report on Wednesday, August 7th. They set a “strong-buy” rating and a $27.00 price objective for the company.

Natural Gas Services Group Price Performance

Shares of NYSE:NGS opened at $25.02 on Tuesday. The stock has a market capitalization of $312.00 million, a P/E ratio of 23.60 and a beta of 1.03. The business has a 50-day moving average of $20.45 and a two-hundred day moving average of $20.61. Natural Gas Services Group has a fifty-two week low of $12.75 and a fifty-two week high of $25.24. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.34 and a quick ratio of 1.66.

Natural Gas Services Group (NYSE:NGS) last posted its earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. Natural Gas Services Group had a return on equity of 5.53% and a net margin of 9.25%. The firm had revenue of $38.49 million during the quarter, compared to analyst estimates of $36.79 million. During the same period in the previous year, the company earned $0.10 EPS. On average, equities research analysts predict that Natural Gas Services Group will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 2,191 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $24.50, for a total value of $53,679.50. Following the sale, the director now owns 538,387 shares in the company, valued at approximately $13,190,481.50. This trade represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 13,158 shares of company stock valued at $303,350 in the last 90 days. 7.25% of the stock is currently owned by insiders.

Institutional Trading of Natural Gas Services Group

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

Natural Gas Services Group Company Profile

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.