ValuEngine Downgrades Natural Gas Services Group (NGS) to Sell

ValuEngine lowered shares of Natural Gas Services Group (NYSE:NGS) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

A number of other equities analysts also recently weighed in on NGS. Zacks Investment Research upgraded shares of Natural Gas Services Group from a sell rating to a hold rating in a report on Tuesday, January 9th. Seaport Global Securities restated a buy rating and set a $29.00 target price on shares of Natural Gas Services Group in a report on Friday, March 9th. Capital One Financial restated an overweight rating on shares of Natural Gas Services Group in a report on Thursday, March 8th. Finally, TheStreet upgraded shares of Natural Gas Services Group from a c+ rating to a b rating in a report on Friday, March 9th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $28.00.

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Shares of NGS opened at $24.50 on Wednesday. The firm has a market cap of $321.59, a P/E ratio of 222.73 and a beta of 1.24. Natural Gas Services Group has a 1-year low of $22.40 and a 1-year high of $29.55.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Thursday, March 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $16.70 million for the quarter, compared to analyst estimates of $16.77 million. Natural Gas Services Group had a return on equity of 0.62% and a net margin of 29.31%. analysts anticipate that Natural Gas Services Group will post 0.34 EPS for the current year.

In other Natural Gas Services Group news, Director John Chisholm sold 16,429 shares of Natural Gas Services Group stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $24.13, for a total transaction of $396,431.77. Following the completion of the transaction, the director now directly owns 29,154 shares of the company’s stock, valued at $703,486.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP James R. Hazlett sold 1,890 shares of Natural Gas Services Group stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $28.95, for a total transaction of $54,715.50. Following the transaction, the vice president now directly owns 45,141 shares of the company’s stock, valued at $1,306,831.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,454 shares of company stock worth $785,830. 6.88% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC boosted its position in Natural Gas Services Group by 10.4% during the third quarter. Algert Global LLC now owns 77,397 shares of the oil and gas company’s stock worth $2,198,000 after purchasing an additional 7,266 shares during the period. JPMorgan Chase & Co. boosted its position in Natural Gas Services Group by 875.0% during the third quarter. JPMorgan Chase & Co. now owns 140,925 shares of the oil and gas company’s stock worth $4,122,000 after purchasing an additional 126,471 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in Natural Gas Services Group by 16.9% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 125,368 shares of the oil and gas company’s stock worth $3,285,000 after purchasing an additional 18,160 shares during the period. Franklin Resources Inc. boosted its position in Natural Gas Services Group by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 977,034 shares of the oil and gas company’s stock worth $25,598,000 after purchasing an additional 31,012 shares during the period. Finally, Crestline Management LP bought a new position in Natural Gas Services Group during the fourth quarter worth $417,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

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About Natural Gas Services Group

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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