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

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

Natural Gas Services Group Price Performance

NYSE:NGS opened at $11.55 on Thursday. Natural Gas Services Group has a 12 month low of $9.11 and a 12 month high of $15.00. The stock has a 50 day moving average of $11.31 and a two-hundred day moving average of $10.72. The company has a current ratio of 1.95, a quick ratio of 1.10 and a debt-to-equity ratio of 0.01. The firm has a market cap of $142.42 million, a P/E ratio of -27.50 and a beta of 1.36.

Natural Gas Services Group (NYSE:NGSGet Rating) last issued its earnings results on Monday, November 14th. The oil and gas company reported ($0.01) earnings per share for the quarter. The company had revenue of $20.74 million for the quarter. Natural Gas Services Group had a negative return on equity of 0.91% and a negative net margin of 6.87%.

Insider Transactions at Natural Gas Services Group

In other news, Director Leslie Ann Beyer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $11.05, for a total transaction of $33,150.00. Following the transaction, the director now directly owns 8,148 shares in the company, valued at approximately $90,035.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.54% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in Natural Gas Services Group by 45.5% in the third quarter. Tower Research Capital LLC TRC now owns 2,944 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 921 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Natural Gas Services Group in the first quarter valued at approximately $40,000. Trexquant Investment LP acquired a new position in Natural Gas Services Group in the third quarter valued at approximately $108,000. Bailard Inc. acquired a new position in Natural Gas Services Group in the second quarter valued at approximately $161,000. Finally, Petrus Trust Company LTA acquired a new position in Natural Gas Services Group in the third quarter valued at approximately $172,000. 85.70% of the stock is currently owned by institutional investors and hedge funds.

Natural Gas Services Group Company Profile

(Get Rating)

Natural Gas Services Group, Inc engages in the provision of natural gas compression equipment and services to the energy industry. It offers compressor rental services, engineered products, design and sales, rebuild and exchange, parts, WellMaker, CiP, and flare systems. The company was founded on December 17, 1998 and is headquartered in Midland, TX.

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