Natural Gas Services Group (NGS) Given a $23.00 Price Target at Seaport Global Securities

Natural Gas Services Group (NYSE:NGS) received a $23.00 price target from equities research analysts at Seaport Global Securities in a report released on Friday. The firm presently has a “buy” rating on the oil and gas company’s stock. Seaport Global Securities’ target price would indicate a potential upside of 16.51% from the stock’s current price.

Separately, Zacks Investment Research upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $55.00.

Shares of NGS traded up $0.81 during midday trading on Friday, hitting $19.74. 730 shares of the company’s stock traded hands, compared to its average volume of 33,686. Natural Gas Services Group has a 1 year low of $17.50 and a 1 year high of $29.35. The firm has a market cap of $261.29 million, a PE ratio of 181.09 and a beta of 1.31.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Thursday, November 8th. The oil and gas company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Natural Gas Services Group had a return on equity of 0.41% and a net margin of 29.40%. The firm had revenue of $16.40 million during the quarter, compared to analyst estimates of $18.27 million. Research analysts forecast that Natural Gas Services Group will post 0.1 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. MetLife Investment Advisors LLC lifted its holdings in shares of Natural Gas Services Group by 51.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 10,054 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 3,411 shares during the last quarter. Citadel Advisors LLC purchased a new position in Natural Gas Services Group in the 3rd quarter worth $351,000. Strs Ohio raised its stake in Natural Gas Services Group by 9.8% in the 2nd quarter. Strs Ohio now owns 29,200 shares of the oil and gas company’s stock worth $689,000 after acquiring an additional 2,600 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in Natural Gas Services Group by 24.1% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 29,897 shares of the oil and gas company’s stock worth $706,000 after acquiring an additional 5,797 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Natural Gas Services Group by 8.8% in the 2nd quarter. California Public Employees Retirement System now owns 35,445 shares of the oil and gas company’s stock worth $837,000 after acquiring an additional 2,858 shares during the last quarter. Hedge funds and other institutional investors own 90.40% of the company’s stock.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides gas compression equipment and services to the natural gas and oil industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2017, it had 2,546 natural gas compressors in its rental fleet totaling 369,961 horsepower.

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