Natural Gas Services Group (NYSE:NGS) Price Target Raised to $33.00

Natural Gas Services Group (NYSE:NGS) had its price target increased by Stifel Nicolaus from $32.00 to $33.00 in a report released on Friday,Benzinga reports. They currently have a buy rating on the oil and gas company’s stock.

Several other equities research analysts have also issued reports on the stock. Raymond James restated a “strong-buy” rating and issued a $32.00 target price (down previously from $33.00) on shares of Natural Gas Services Group in a report on Wednesday, March 19th. StockNews.com lowered Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th.

Natural Gas Services Group Price Performance

NYSE:NGS opened at $24.91 on Friday. The firm has a market capitalization of $312.06 million, a price-to-earnings ratio of 19.46 and a beta of 0.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The business has a 50 day simple moving average of $20.49 and a 200-day simple moving average of $24.03. Natural Gas Services Group has a 1 year low of $16.70 and a 1 year high of $29.74.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings results on Monday, May 12th. The oil and gas company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.11. The company had revenue of $41.38 million for the quarter, compared to analyst estimates of $40.52 million. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%. Equities analysts forecast that Natural Gas Services Group will post 1.42 EPS for the current year.

Insider Buying and Selling at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $24.90, for a total value of $622,500.00. Following the completion of the sale, the director now directly owns 433,334 shares of the company’s stock, valued at $10,790,016.60. The trade was a 5.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Natural Gas Services Group

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in Natural Gas Services Group by 76.5% in the third quarter. JPMorgan Chase & Co. now owns 34,548 shares of the oil and gas company’s stock worth $660,000 after purchasing an additional 14,974 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Natural Gas Services Group by 195.2% in the 4th quarter. Rhumbline Advisers now owns 31,362 shares of the oil and gas company’s stock worth $840,000 after buying an additional 20,738 shares during the period. Raymond James Financial Inc. bought a new position in shares of Natural Gas Services Group during the 4th quarter worth $1,001,000. Inspire Investing LLC purchased a new position in shares of Natural Gas Services Group during the fourth quarter valued at $890,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Natural Gas Services Group in the fourth quarter valued at about $5,733,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

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.