Natural Gas Services Group (NYSE:NGS) Stock Crosses Above 200-Day Moving Average of $15.89

Shares of Natural Gas Services Group, Inc. (NYSE:NGS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.89 and traded as high as $24.24. Natural Gas Services Group shares last traded at $23.94, with a volume of 118,225 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus boosted their price target on shares of Natural Gas Services Group from $18.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd.

Natural Gas Services Group Trading Up 1.8 %

The company has a market cap of $297.81 million, a price-to-earnings ratio of 63.00 and a beta of 1.16. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.33 and a quick ratio of 1.67. The firm’s fifty day moving average price is $18.26 and its 200-day moving average price is $15.89.

Hedge Funds Weigh In On Natural Gas Services Group

Several hedge funds and other institutional investors have recently modified their holdings of NGS. AJOVista LLC acquired a new stake in Natural Gas Services Group in the fourth quarter worth about $38,000. Barclays PLC acquired a new stake in Natural Gas Services Group in the third quarter worth about $39,000. 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 worth $30,000 after purchasing an additional 921 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Natural Gas Services Group in the third quarter worth about $47,000. Finally, Acadian Asset Management LLC acquired a new stake in Natural Gas Services Group in the first quarter worth about $40,000. Institutional investors and hedge funds own 65.62% of the company’s stock.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression services and equipment to the energy industry in the United States. It fabricates, manufactures, rents, sells, and maintains natural gas compressors and flare systems for oil and natural gas production and plant facilities. 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.