Natural Gas Services Group (NYSE:NGS) Stock Crosses Above 200 Day Moving Average of $15.89

Shares of Natural Gas Services Group, Inc. (NYSE:NGS) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.89 and traded as high as $24.24. Natural Gas Services Group shares last traded at $23.94, with a volume of 118,225 shares trading hands.

Analyst Ratings Changes

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

Natural Gas Services Group Price Performance

The stock’s 50-day simple moving average is $18.61 and its 200 day simple moving average is $16.00. The company has a quick ratio of 1.67, a current ratio of 2.33 and a debt-to-equity ratio of 0.70. The company has a market cap of $287.61 million, a price-to-earnings ratio of 60.84 and a beta of 1.16.

Institutional Trading of Natural Gas Services Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its stake in shares of Natural Gas Services Group by 32.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 48,573 shares of the oil and gas company’s stock worth $781,000 after buying an additional 11,891 shares during the period. Citigroup Inc. acquired a new position in Natural Gas Services Group in the third quarter valued at approximately $129,000. Boston Partners boosted its holdings in Natural Gas Services Group by 13.4% in the third quarter. Boston Partners now owns 65,915 shares of the oil and gas company’s stock valued at $960,000 after purchasing an additional 7,803 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Natural Gas Services Group by 854.4% in the third quarter. Acadian Asset Management LLC now owns 24,567 shares of the oil and gas company’s stock valued at $356,000 after purchasing an additional 21,993 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Natural Gas Services Group by 66.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,691 shares of the oil and gas company’s stock valued at $432,000 after purchasing an additional 11,874 shares in the last quarter. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Natural Gas Services Group Company Profile

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.