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

Natural Gas Services Group (NYSE:NGSGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

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

Shares of NGS opened at $12.85 on Thursday. Natural Gas Services Group has a twelve month low of $8.91 and a twelve month high of $14.23. The company has a market cap of $163.41 million, a P/E ratio of -20.08 and a beta of 1.60. The company’s fifty day simple moving average is $12.14 and its 200-day simple moving average is $11.55.

Natural Gas Services Group (NYSE:NGSGet Rating) last announced its earnings results on Thursday, March 17th. The oil and gas company reported ($0.18) earnings per share for the quarter. Natural Gas Services Group had a negative net margin of 12.68% and a negative return on equity of 2.40%. The firm had revenue of $18.03 million during the quarter.

In related news, Director John Chisholm sold 2,300 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $12.01, for a total value of $27,623.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP James R. Hazlett sold 2,750 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $13.13, for a total transaction of $36,107.50. The disclosure for this sale can be found here. Insiders sold a total of 7,050 shares of company stock worth $85,646 in the last ninety days. 6.79% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC increased its position in Natural Gas Services Group by 243.8% during the 3rd quarter. Barclays PLC now owns 3,283 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 2,328 shares during the period. Acadian Asset Management LLC purchased a new position in Natural Gas Services Group during the 1st quarter valued at about $40,000. Marshall Wace LLP purchased a new position in Natural Gas Services Group during the 1st quarter valued at about $229,000. Bailard Inc. purchased a new position in Natural Gas Services Group during the 4th quarter valued at about $223,000. Finally, Assenagon Asset Management S.A. purchased a new position in Natural Gas Services Group during the 4th quarter valued at about $355,000. 85.69% of the stock is currently owned by institutional investors and hedge funds.

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.

Recommended Stories

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.