Natural Gas Services Group (NYSE:NGS) Upgraded by Zacks Investment Research to Buy

Natural Gas Services Group (NYSE:NGS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday, Zacks.com reports. The firm presently has a $13.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 16.49% from the company’s current price.

According to Zacks, “Natural Gas Services Group, Inc. manufactures, fabricates, sells, rents and services natural gas compressors that enhance the production of natural gas wells. The Company also manufactures and sells flare systems and flare ignition systems for plant and production facilities. “

Other equities analysts also recently issued reports about the stock. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Maxim Group reiterated a “buy” rating and issued a $18.00 target price (down from $24.00) on shares of Natural Gas Services Group in a report on Wednesday, August 7th. Finally, Imperial Capital reduced their target price on shares of Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Natural Gas Services Group currently has an average rating of “Buy” and a consensus price target of $18.00.

Shares of Natural Gas Services Group stock opened at $11.16 on Friday. The company has a market capitalization of $149.14 million, a PE ratio of 139.50 and a beta of 1.32. The company has a 50-day simple moving average of $12.45 and a two-hundred day simple moving average of $14.20. Natural Gas Services Group has a one year low of $10.22 and a one year high of $21.21.

Natural Gas Services Group (NYSE:NGS) last announced its earnings results on Thursday, November 7th. The oil and gas company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. The business had revenue of $20.85 million during the quarter, compared to the consensus estimate of $19.65 million. Natural Gas Services Group had a net margin of 1.25% and a return on equity of 0.58%. On average, equities research analysts predict that Natural Gas Services Group will post 0.16 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Aperio Group LLC acquired a new position in shares of Natural Gas Services Group during the second quarter valued at about $50,000. TRUE Private Wealth Advisors acquired a new position in shares of Natural Gas Services Group during the second quarter valued at about $63,000. BW Gestao de Investimentos Ltda. increased its holdings in shares of Natural Gas Services Group by 54.4% during the third quarter. BW Gestao de Investimentos Ltda. now owns 8,344 shares of the oil and gas company’s stock valued at $107,000 after acquiring an additional 2,940 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new position in shares of Natural Gas Services Group during the second quarter valued at about $193,000. Finally, Marshall Wace LLP acquired a new position in shares of Natural Gas Services Group during the first quarter valued at about $229,000. Hedge funds and other institutional investors own 89.20% of the company’s stock.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas 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, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.

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