Natural Gas Services Group (NYSE:NGS) Rating Lowered to “Strong Sell” at Zacks Research

Natural Gas Services Group (NYSE:NGS) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks reports.

Separately, Weiss Ratings cut shares of Natural Gas Services Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.50.

Natural Gas Services Group Trading Up 1.7%

NGS stock traded up $0.49 during trading on Thursday, hitting $29.60. The company had a trading volume of 127,862 shares, compared to its average volume of 108,366. The stock has a market cap of $382.06 million, a PE ratio of 18.74 and a beta of 0.45. The business has a 50-day moving average of $32.60 and a 200-day moving average of $37.15. The company has a current ratio of 2.45, a quick ratio of 1.12 and a debt-to-equity ratio of 1.14. Natural Gas Services Group has a one year low of $26.39 and a one year high of $44.60.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings results on Monday, November 9th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. Natural Gas Services Group had a net margin of 9.80% and a return on equity of 8.06%. The firm had revenue of $61.26 million during the quarter, compared to analyst estimates of $56.43 million. Research analysts predict that Natural Gas Services Group will post 1.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Natural Gas Services Group

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Natural Gas Services Group during the 2nd quarter worth approximately $41,482,000. Weber Capital Management LLC ADV bought a new stake in shares of Natural Gas Services Group in the 2nd quarter valued at $20,694,776. AWM Investment Company Inc. bought a new stake in shares of Natural Gas Services Group in the 2nd quarter valued at $8,185,000. Cannell Capital LLC acquired a new position in shares of Natural Gas Services Group during the 2nd quarter valued at $5,279,775. Finally, Bank of New York Mellon Corp acquired a new position in shares of Natural Gas Services Group during the 2nd quarter valued at $4,219,000. Institutional investors and hedge funds own 65.62% of the company’s stock.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc. provides natural gas compression equipment and related services to oil and gas producers. Its business includes designing, fabricating, renting, selling, and maintaining compressor packages used to move natural gas from production sites into pipelines and processing facilities. The company also provides equipment such as flare systems and other production-related products. Its services support producers’ compression and gas-handling needs across onshore oil and gas operations, primarily in the United States.