Natural Gas Services Group (NYSE:NGS) Stock Passes Above Two Hundred Day Moving Average of $16.23

Natural Gas Services Group, Inc. (NYSE:NGS)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.23 and traded as high as $24.45. Natural Gas Services Group shares last traded at $24.21, with a volume of 85,125 shares trading hands.

Analyst Ratings Changes

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

Natural Gas Services Group Stock Up 2.0 %

The business has a fifty day simple moving average of $19.12 and a two-hundred day simple moving average of $16.23. The company has a current ratio of 2.33, a quick ratio of 1.67 and a debt-to-equity ratio of 0.70. The company has a market cap of $301.17 million, a PE ratio of 63.71 and a beta of 1.16.

Institutional Trading of Natural Gas Services Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC increased its stake in shares of Natural Gas Services Group by 6.5% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 628,309 shares of the oil and gas company’s stock worth $9,148,000 after acquiring an additional 38,387 shares during the last quarter. EAM Investors LLC acquired a new stake in shares of Natural Gas Services Group in the 3rd quarter worth $1,451,000. Boston Partners increased its stake in shares of Natural Gas Services Group by 13.4% in the 3rd quarter. Boston Partners now owns 65,915 shares of the oil and gas company’s stock worth $960,000 after acquiring an additional 7,803 shares during the last quarter. White Pine Capital LLC increased its stake in shares of Natural Gas Services Group by 6.4% in the 4th quarter. White Pine Capital LLC now owns 50,666 shares of the oil and gas company’s stock worth $815,000 after acquiring an additional 3,036 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Natural Gas Services Group by 32.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 48,573 shares of the oil and gas company’s stock worth $781,000 after acquiring an additional 11,891 shares during the last quarter. 65.62% of the stock is owned by institutional investors and hedge funds.

About Natural Gas Services Group

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.