Natural Gas Services Group (NYSE:NGS) Stock Price Passes Above Two Hundred Day Moving Average of $18.02

Natural Gas Services Group, Inc. (NYSE:NGSGet Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.02 and traded as high as $20.89. Natural Gas Services Group shares last traded at $20.48, with a volume of 36,721 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NGS shares. Stifel Nicolaus raised their price objective on Natural Gas Services Group from $18.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. StockNews.com raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Friday, May 24th.

Read Our Latest Stock Report on Natural Gas Services Group

Natural Gas Services Group Trading Down 1.4 %

The stock has a market cap of $254.77 million, a price-to-earnings ratio of 26.95 and a beta of 1.11. The company has a quick ratio of 2.46, a current ratio of 3.23 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average of $22.64 and a 200-day moving average of $18.03.

Natural Gas Services Group (NYSE:NGSGet Free Report) last posted its earnings results on Monday, April 1st. The oil and gas company reported $0.13 earnings per share for the quarter. Natural Gas Services Group had a return on equity of 4.35% and a net margin of 7.21%. The company had revenue of $36.22 million for the quarter, compared to analyst estimates of $32.90 million.

Hedge Funds Weigh In On Natural Gas Services Group

A number of institutional investors have recently made changes to their positions in the business. Pacific Ridge Capital Partners LLC increased its stake in shares of Natural Gas Services Group by 6.5% in the third quarter. Pacific Ridge Capital Partners LLC now owns 628,309 shares of the oil and gas company’s stock worth $9,148,000 after purchasing an additional 38,387 shares during the period. Vanguard Group Inc. grew its position in Natural Gas Services Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 491,167 shares of the oil and gas company’s stock worth $9,543,000 after buying an additional 6,129 shares in the last quarter. Russell Investments Group Ltd. grew its position in Natural Gas Services Group by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 172,221 shares of the oil and gas company’s stock worth $3,346,000 after buying an additional 42,099 shares in the last quarter. EAM Investors LLC acquired a new stake in Natural Gas Services Group during the third quarter worth about $1,451,000. Finally, Ancora Advisors LLC grew its position in Natural Gas Services Group by 163.7% during the first quarter. Ancora Advisors LLC now owns 83,830 shares of the oil and gas company’s stock worth $1,629,000 after buying an additional 52,040 shares in the last quarter. 65.62% of the stock is currently owned by institutional investors.

Natural Gas Services Group Company Profile

(Get Free Report)

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.

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