Natural Gas Services Group (NYSE:NGS) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Natural Gas Services Group (NYSE:NGSGet Rating) from a buy rating to a hold rating in a research note published on Tuesday.

Separately, TheStreet upgraded shares of Natural Gas Services Group from a d+ rating to a c- rating in a research report on Wednesday, February 23rd.

NYSE:NGS opened at $11.83 on Tuesday. The business’s fifty day moving average is $12.20. The firm has a market capitalization of $150.44 million, a PE ratio of -16.90 and a beta of 1.60. Natural Gas Services Group has a fifty-two week low of $8.91 and a fifty-two week high of $14.23.

Natural Gas Services Group (NYSE:NGSGet Rating) last posted its quarterly earnings data on Thursday, March 17th. The oil and gas company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.39). Natural Gas Services Group had a negative return on equity of 2.40% and a negative net margin of 12.68%.

In related news, VP James R. Hazlett sold 2,750 shares of the company’s stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $13.13, for a total value of $36,107.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Chisholm sold 2,300 shares of the company’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $12.01, for a total transaction of $27,623.00. The disclosure for this sale can be found here. Insiders sold 7,050 shares of company stock valued at $85,646 over the last quarter. Company insiders own 6.79% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Foundry Partners LLC boosted its stake in Natural Gas Services Group by 15.4% during the fourth quarter. Foundry Partners LLC now owns 295,490 shares of the oil and gas company’s stock worth $3,094,000 after buying an additional 39,460 shares during the period. Brown Advisory Inc. boosted its stake in Natural Gas Services Group by 0.6% during the fourth quarter. Brown Advisory Inc. now owns 588,344 shares of the oil and gas company’s stock worth $6,160,000 after buying an additional 3,341 shares during the period. Barclays PLC boosted its stake in Natural Gas Services Group by 243.8% during the third quarter. Barclays PLC now owns 3,283 shares of the oil and gas company’s stock worth $34,000 after buying an additional 2,328 shares during the period. Morgan Stanley boosted its stake in Natural Gas Services Group by 59.9% during the second quarter. Morgan Stanley now owns 97,727 shares of the oil and gas company’s stock worth $1,004,000 after buying an additional 36,599 shares during the period. Finally, Marshall Wace LLP purchased a new position in Natural Gas Services Group during the first quarter worth about $229,000. 85.69% of the stock is owned by institutional investors.

About Natural Gas Services Group (Get Rating)

Natural Gas Services Group, Inc provides natural gas compression services and equipment to the energy industry in the United States. It fabricates, manufactures, rents, and sells natural gas compressors and related equipment. The company primarily engages in the rental of compression units that provide small, medium, and large horsepower applications for unconventional oil and natural gas production.

Read More

Receive News & Ratings for Natural Gas Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Gas Services Group and related companies with MarketBeat.com's FREE daily email newsletter.